DGAP-News: AGO AG Energie + Anlagen: Majority stake in Norway

20.11.2009

Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.

AGO AG Energie + Anlagen: Majority stake in Norway

+++ Foundations to access the Norwegian heat supply market laid +++ AGO acquires more than 50 percent of Norwegian company Ringdalskogen Fjernvarme AS +++ First delivery of heat to the industrial estate Ringdalskogen scheduled for fall 2010

Kulmbach, 20 November 2009: AGO AG Energie + Anlagen: (cusip number: A0LR41; ISIN: DE000A0LR415) has acquired a majority stake of more than 50 percent in the Norwegian company Ringdalskogen Fjernvarme AS. The new AGO subsidiary holds a concession to supply heat to the industrial estate Ringdalskogen south of Oslo in Norway. By acquiring this stake, AGO AG has laid the foundations to access the Norwegian heat supply market. The parties have agreed not to disclose the purchase price. The first delivery of heat to the industrial estate is scheduled for fall 2010.

'One of the deciding factors in the project developer NHP AS, Trondheim, getting the commission to supply the industrial estate to the North of Larvik with heat was our proven expertise in industrial heat provision. Our wholly-owned subsidiary HoISoTherm GmbH has been incrementally rolling out heat supply in an industrial estate since 1999. And I am sure the fact that we have been supplying the Daimler AG engine factory since 2002, including this year's expansion efforts, also had a vital role to play,' explains Hans Ulrich Gruber, Chairman of AGO AG Energie + Anlagen.

The Norwegian company Enwa PMI AS from Sandefjord is another shareholder of Ringdalskogen Fjernvarme AS. AGO AG already signed a cooperation contract with Enwa PMI AS in May of this year. The cooperation is aimed at tapping the potential of the Norwegian market.

'Our Norwegian partner Enwa PMI is a perfect fit to successfully get a foothold in the market in Norway. As the operator of a district heating system in an industrial estate we have immediate access to industrial companies based there. In addition to needing heat, these companies also require energy related engineering,' adds Gruber.

About AGO AG Energie + Anlagen The company with company headquarters in Kulmbach which was founded in 1980 is a specialist in the area of innovative and efficient energy supply and facilities. AGO AG focuses on the three business segments project development and implementation, operation of facilities as well as service & consulting. The company's core competences are mainly biomass cogeneration plants, cogeneration plants, heat and refrigeration plants, trigeneration as well as contracting. Location studies / location development, energy efficiency consulting, raw material and fuel management as well as emissions trading round off the business model. AGO stands for efficiency, reliability and technological competence for your energy supply plants.

Company contact: AGO AG Energie + Anlagen Am Goldenen Feld 23 D-95326 Kulmbach www.ago.ag

T. +49 (0) 9221 602 0 F. +49 (0) 9221 602 149 ir-ago@ago.ag

Investor Relations contact: GFEI Aktiengesellschaft Marcus Kapust Hamburger Allee 26-28 60486 Frankfurt am Main www.gfei.de

T. +49 (0) 69 743 037 00 F. +49 (0) 69 743 037 22 ir-ago@gfei.de

20.11.2009 Financial News distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: AGO AG Energie + Anlagen
Am Goldenen Feld 23
95326 Kulmbach
Deutschland
Phone: +49 (0)9221 602-0
Fax: +49 (0)9221 602-149
E-mail: info@ago.ag
Internet: http://www.ago.ag
ISIN: DE000A0LR415
WKN: A0LR41
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

End of News DGAP News-Service