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HANSA-FLEX acquires CUDELL – Engenharia & Serviços, S.A.

Dear Sirs,

We are pleased to inform you that CUDELL – Engenharia & Serviços, S.A. has been acquired by HANSA-FLEX. The name of the company will remain CUDELL – Engenharia & Serviços, S.A.

Mr. Gustavo Cudell has ceased his role as CEO of CUDELL – Engenharia & Serviços, S.A. and will remain as Advisor of the Management in the future.

The new Board consists of Mr. Thomas Armerding and Mr. Frank Schmidt from HANSA-FLEX.

You, as customer, will have a larger product range and an improved customer service at your disposal.

We take this opportunity to remind you the contacts of the new headquarters in Maia:
         CUDELL – Engenharia & Serviços, S.A.
         Zona Industrial da Maia I, Setor X
         Armazéns G e N, Barca
         P - 4475-249 MAIA / PORTUGAL
         Tel +351 226 158 050 | Fax +351 226 158 011
         GPS location:  N 41º14’49.3”  W 8º37’41.4” 
Further information about HANSA-FLEX can be found at www.hansa-flex.com
We remain at your disposal for any additional information you may require on this.

Yours faithfully
Frank Schmidt
Managing Director