AUGSBURG, Germany, Aug. 10, 2004 (PRIMEZONE) -- In an extraordinary shareholders' meeting on 9 August 2004 the shareholders of Roll Systems Inc., Burlington, USA have agreed to the takeover offer from BOWE SYSTEC AG. Accordingly the BOWE SYSTEC group will acquire all the outside shares in Roll Systems Inc., in which it has had around 40% holding since 1999. The Board of BOWE SYSTEC expects that the transaction can be completed before the end of August.
Roll Systems Inc. is the North American market leader in high-speed paper handling, converting and monitoring systems for digital printers, in particular rolling and unwinding systems. Roll Systems Inc. employs around 100 staff and for the 2004 financial year anticipates a turnover of USD 25,0 to 30,0 million with a clearly positive result.
The BOWE SYSTEC group is thus strengthening its position in the North American market, particularly in the important US-American service business.
Further information about BOWE SYSTEC is available athttp://www.boewe-systec.de
BOWE SYSTEC AG The Board