Letter of intent for the sale or purchase of Dräger MSI GmbH's own portfolio between Dräger MSI GmbH and REMS GmbH & Co KG.

Dear customers, we would like to inform you today that Dräger MSI GmbH and the family-owned company REMS GmbH & Co KG, based in Waiblingen, signed a letter of intent on 14 April 2024 for the sale or purchase of Dräger MSI GmbH's own portfolio. REMS GmbH & Co KG is currently conducting a due diligence review. If the transaction materialises, which all parties currently expect, the portfolio in question will be transferred to REMS GmbH & Co KG and will continue to be managed under a new brand at the Hagen site. The ongoing business processes will remain in place during this phase and Dräger MSI customers will continue to receive spare parts and the usual good service. The purchase of new products via REMS GmbH & Co KG is already possible again.

The aim of both companies is to ensure continuity in customer service and to offer the majority of Dräger MSI employees future prospects within the REMS group of companies.

This measure fulfils Dräger's announced exit from the business of exhaust gas analysis of fossil fuels. REMS is a potential strategic buyer that will strengthen its expertise in pressure and leak testing as well as gas measurement technology through the takeover.