EANS-Adhoc: Kardex AG acquires Scandinavian Element Storage Systems AS

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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16.04.2009

Kardex AG has signed an asset purchase agreement to acquire the activities
aligned to Kardex and Stow products of Scandinavian distributor Element Storage
Systems AS. Element Storage Systems AS based in Kløfta near Oslo achieved sales
of approximately EUR 11 million with Kardex and Stow products in the 2008
financial year and has a workforce in this field of activity of around 20
people. The transaction will be completed on May 6, 2009 subject to the approval
of the Norwegian competition authority. The purchase price will not be
disclosed.

Element Storage Systems AS is one of the leading suppliers of
computer-controlled, automatic Kardex storage, supply and distribution systems
in the Scandinavian market and it markets the static storage systems of the Stow
division in Scandinavia under the brand 'Arkiv & Lager'.

Under the planned transaction, Kardex AG will strengthen its present
distribution company Kardex Scandinavia AB with a sales organisation on the
Scandinavian market focused on Kardex and Stow products.

Agenda
April 21, 2009 General Meeting of Shareholders

Kardex Remstar International Group
Australia, Austria, Belgium, China, Cyprus, Czech Republic, Finland, France,
Germany, Great Britain, Hungary, India, Ireland, Italy, Malaysia, Netherlands,
Norway, Poland, Portugal, Russia, Singapore, Slovakia, Spain, Sweden,
Switzerland, Turkey, US.

Disclaimer
This communication contains statements that constitute "forward-looking
statements". In this communication, such forward-looking statements include,
without limitation, statements relating to our financial condition, results of
operations and business and certain of our strategic plans and objectives.
Because these forward-looking statements are subject to risks and uncertainties,
actual future results may differ materially from those expressed in or implied
by the statements. Many of these risks and uncertainties relate to factors which
are beyond Kardex´s ability to control or estimate precisely, such as future
market conditions, currency fluctuations, the behavior of other market
participants, the actions of governmental regulators and other risk factors
detailed in Kardex´s past and future filings and reports and in past and future
filings, press releases, reports and other information posted on Kardex Group
companies´ websites. Readers are cautioned not to put undue reliance on
forward-looking statements, which speak only of the date of this communication.
Kardex disclaims any intention or obligation to update and revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

Further inquiry note:
Jos De Vuyst, Chief Executive Officer
jos.devuyst@kri-group.com
Tel. +41 (0) 44 386 44 15

Gerhard Mahrle, Chief Financial Officer
gerhard.mahrle@kri-group.com

end of announcement euro adhoc
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emitter:      Kardex AG
              Thurgauerstrasse 40
              CH-8050 Zürich
phone:        +41 44 386 44 15
FAX:          41 44 386 44 17
mail:         info@kri-group.com
WWW:          www.kri-group.com
sector:       Heavy Engineering
ISIN:         CH0018263415
indexes:      SPI, SPIEX, SSCI
stockmarkets: regulated dealing: SWX Swiss Exchange 
language:     English

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