EX-99.1
2
a5038174ex99-1.txt
EXHIBIT 99.1
Exhibit 99.1
UNOVA Completes the Sale of Its Landis Operations
EVERETT, Wash.--(BUSINESS WIRE)--Dec. 12, 2005--UNOVA, Inc.
(NYSE:UNA) announced today that it has completed the sale of its
Landis operations to Groupe Fives-Lille, a leading industrial
engineering group based in Montreuil-sous-Bois, France. The two
companies announced the transaction on October 28, 2005.
Groupe Fives-Lille acquired the global operations of UNOVA's
Landis Grinding Systems. The consideration for the purchased assets
consisted of $69 million in cash, a $10 million two-year note, and the
assumption of certain liabilities, including specified liabilities
relating to pension and other post-retirement obligations. The
purchase price is subject to possible adjustments based on net working
assets at closing.
About Groupe Fives-Lille
Groupe Fives-Lille ("GFL") is a leading international industrial
engineering group, which designs and produces equipment, primarily for
the aluminum, automotive, steel and cement industries. For more
information, please visit GFL's website at www.fiveslille.com
About UNOVA
UNOVA is a leader in global supply chain solutions and in the
development, manufacture and integration of wired and wireless
automated data collection, mobile computing systems, bar code
printers, label media and Intellitag(R) RFID (radio frequency
identification). The company's products and services are used by
customers in many industries to improve productivity, quality and
responsiveness of business operations, from supply chain management
and enterprise resource planning to field sales and service.
www.unova.com
(Forward-looking Statement)
Certain forward-looking statements in this release (as defined by
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934) relate to matters that are not
historical facts. Such forward-looking statements involve and are
dependent upon certain risks and uncertainties. These include, but are
not limited to, other risks and uncertainties described more fully in
the Company's filings on Form 10-K and 10-Q with the Securities and
Exchange Commission.
CONTACT: UNOVA, Inc.
Kevin P. McCarty, 425-265-2472
kmccarty@unova.com

EX - 99 . 1 2 a5038174ex99 - 1 . txt EXHIBIT 99 . 1 Exhibit 99 . 1 UNOVA Completes the Sale of Its Landis Operations EVERETT , Wash . -- ( BUSINESS WIRE ) -- Dec. 12 , 2005 -- UNOVA , Inc . ( NYSE : UNA ) announced today that it has completed the sale of its Landis operations to Groupe Fives - Lille , a leading industrial engineering group based in Montreuil - sous - Bois , France . The two companies announced the transaction on October 28 , 2005 . Groupe Fives - Lille acquired the global operations of UNOVA 's Landis Grinding Systems . The consideration for the purchased assets consisted of $ 69 million in cash , a $ 10 million two - year note , and the assumption of certain liabilities , including specified liabilities relating to pension and other post - retirement obligations . The purchase price is subject to possible adjustments based on net working assets at closing . About Groupe Fives - Lille Groupe Fives - Lille ( " GFL " ) is a leading international industrial engineering group , which designs and produces equipment , primarily for the aluminum , automotive , steel and cement industries . For more information , please visit GFL 's website at www.fiveslille.com About UNOVA UNOVA is a leader in global supply chain solutions and in the development , manufacture and integration of wired and wireless automated data collection , mobile computing systems , bar code printers , label media and Intellitag ( R ) RFID ( radio frequency identification ) . The company 's products and services are used by customers in many industries to improve productivity , quality and responsiveness of business operations , from supply chain management and enterprise resource planning to field sales and service . www.unova.com ( Forward - looking Statement ) Certain forward - looking statements in this release ( as defined by Section 27A of the Securities Act of 1933 , as amended , and Section 21E of the Securities Exchange Act of 1934 ) relate to matters that are not historical facts . Such forward - looking statements involve and are dependent upon certain risks and uncertainties . These include , but are not limited to , other risks and uncertainties described more fully in the Company 's filings on Form 10 - K and 10 - Q with the Securities and Exchange Commission . CONTACT : UNOVA , Inc . Kevin P . McCarty , 425 - 265 - 2472 kmccarty@unova.com