Against this backdrop, KARL MAYER has signed an agreement for the transfer of selected assets from the former STOLL business unit. The assets are to be transferred to Ningbo Cixing Co., Ltd. (CIXING Group). The scope of the transaction includes, among other things, the STOLL brand, selected materials and stock, and specific technological assets.

The closing of the transaction is pending and is expected at a later date.

The future use of the assets falls under the sole responsibility of the CIXING Group and is not covered by the agreement. The CIXING Group will provide updates on any future developments in due course.

The fulfilment of existing warranty obligations to customers remains guaranteed. A transition of service and support for the installed machine base to the CIXING Group is planned for later this year.