Wacker Neuson SE: Wacker Neuson opens new Group headquarters

Wacker Neuson SE / Key word(s): Miscellaneous

05.10.2011 / 10:33


Wacker Neuson opens new Group headquarters

(Munich, October 5, 2011) Wacker Neuson SE is officially opening its new
Group headquarters in the north of Munich. The new building complex is home
to the holding organization and its operational companies as well as the
new European Research and Development Competence Center for Wacker Neuson
light equipment.

The new Group headquarters is the nerve center of the company's
international expansion plans. Wacker Neuson has invested a total of around
EUR 43 million in the new building. Its modern, exposed concrete façade in
five different shades of gray clearly reflects the company's construction
industry ties. The headquarters is located in the north of Munich, close to
the European logistics center in Karlsfeld and the Reichertshofen
production facility. It is home to Wacker Neuson SE, which was restructured
as a holding company in July 2011, and its new subsidiaries Wacker Neuson
Vertrieb Deutschland GmbH & Co. KG, Wacker Neuson Vertrieb Europa GmbH &
Co. KG and Wacker Neuson Produktion GmbH & Co. KG.

Wacker Neuson has long-standing ties with this site. It was here that the
company moved into its administration offices in 1955, after purchasing the
land. The company did not have any close neighbors in the early days as it
was not until much later that the Olympic Village was built.

Today, the new headquarters is a hub from which the Group manages over 30
affiliates worldwide and supports 68 sales and service stations in Germany.
The office building has 18,500 m2 of total floor space and the adjoining
testing halls stretch over 5,500 m2. Around 300 employees (global
headcount: 3,350) currently work in the complex. The buildings have also
been designed with future growth in mind, offering capacity for a further
350 office workstations. Wacker Neuson intends to capitalize on this
headroom in the coming years.

The integrated Research Center is a particular highlight of the new complex
with its extensive test zone for walk-behind light equipment innovations -
for example, breakers and vibratory plates - all destined for global
distribution. To ensure products are tailored to the needs of different
customer groups and market regions, the Research Center collaborates
closely with Wacker Neuson development sites in the US and Asia as well as
with international sales teams.

'This enables us to maintain our position as an innovation leader in the
long term. Even today, over half of Group product revenue stems from
products that are less than five years old. We will be increasing this
share over the coming years,' confirms CEO Cem Peksaglam. The Group holds
over 600 patents.

Wacker Neuson's decision to keep its new headquarters in Munich underscores
its commitment to the city. The attractive location (and close proximity to
two subway stations), together with the Competence Center's exciting
research opportunities, also puts the company in a strong position to win
promising new talent in an increasingly competitive market, especially for
qualified engineers. 'It is crucial for our long-term success that we
remain an appealing employment opportunity for talented technical experts
and managers. Our new headquarters in Munich increases our pull and
underscores our commitment to Germany as a leading industrial location,'
explains Peksaglam.

The company also wants the spirit of collaboration to extend beyond
research and sales to become a defining feature across all departments.
'Bundling our central operating activities in Munich should make it easier
for employees to communicate directly - and informally - with each other.
We have created communication spaces throughout the building in order to
foster this sense of open dialog,' explains Peksaglam.

In addition to offices and test zones, the new building has its own
conference area plus a canteen and terrace with enough space to accommodate
works council meetings with over 300 people. Open areas, roof terraces and
outside seating can also be used for breaks, meetings and events.
Underground parking for 158 cars together with a visitor parking lot and
additional employee parking spaces cover current mobility needs.

The Group's headquarters also integrates the latest technological and
energy-efficiency developments. The highly efficient, insulated building is
kept warm by district heating and the majority of offices are naturally
ventilated. Where ventilation systems are unavoidable, the heat from the
outlet air is captured and reused. Rooms are cooled via ceiling panels
without the need for mechanical circulation. Groundwater from the company's
own spring is used for cooling; and heating and cooling can be set
individually in every room. An extensive green roof development complements
this energy-efficient design, ensuring a pleasant working environment.
'However, we must not forget that it takes a lot more than technology to
create a good atmosphere,' states Cem Peksaglam. 'Each and every one of us
who works here will make an active contribution to the success of this
architectural and functional landmark.'

For fiscal 2011, Wacker Neuson expects Group revenue to total EUR 930
million (previous year: EUR 757.9 million), the upper end of its previous
forecast (EUR 910 to 930 million) and the EBITDA margin to reach between 13
and 14 percent (previous year: 10.3 percent). The Group remains committed
to breaking the billion-euro mark for sales during the coming fiscal year
and reaching an EBITDA margin of 15 percent.

Your contact partner:

Wacker Neuson SE 
Katrin Yvonne Neuffer
Head of Corporate Communication/
Investor Relations
Preussenstr. 41 
80809 Munich, Germany 
Tel: +49-(0)89-35402-173

About Wacker Neuson
Wacker Neuson SE is a global manufacturer of light and compact equipment.
With over 30 affiliates and more than 180 locations across the globe, the
company offers an exceptionally broad portfolio of products and services. 
Manufacturing activities are distributed across three German, one Austrian,
two American and one Philippine production sites. Almost all products
manufactured by the company are branded Wacker Neuson. The only exceptions
to this in Europe are Kramer Allrad products and Weidemann-branded
agricultural machinery. With over 300 product categories and complementary
rental, spare parts and repair services, Wacker Neuson is the partner of
choice among professional users in construction, gardening, landscaping and
agriculture, as well as among municipal bodies and companies in the
industrial and recycling sectors.

End of Corporate News


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Language:    English                                                
Company:     Wacker Neuson SE                                       
             Preußenstr. 41                                         
             80809 München                                          
Phone:       +49 - (0)89 - 354 02 - 0                               
Fax:         +49 - (0)89 - 354 02 - 390                             
E-mail:      info@wackerneuson.com                                  
Internet:    www.wackerneuson.com                                   
ISIN:        DE000WACK012                                           
WKN:         WACK01                                                 
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
End of News    DGAP News-Service  
141285 05.10.2011