EX-99.1 2 a08-16452_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

 

 

JUNE 12, 2008

 

 

 

 

 

SAUER-DANFOSS INC. ADJOURNS ANNUAL STOCKHOLDER MEETING

 

CHICAGO, Illinois, USA, June 12, 2008 – Sauer-Danfoss Inc. (NYSE:SHS) announced today that it adjourned the annual meeting of its stockholders prior to a vote being taken on any of the matters in the notice of the meeting.  The annual meeting will reconvene on July 10, 2008 at 5:00 p.m. Central European Time at the Sauer-Danfoss offices in Nørdborg, Denmark.  The meeting was adjourned because approval by the European Commission antitrust authorities has not yet been obtained for the purchase by Danfoss A/S of a controlling interest in Sauer-Danfoss Inc. from Sauer Holding GmbH, a company owned by members of the Murmann family.  Stockholder approval of certain matters to be voted upon at the meeting cannot be obtained until such antitrust approval has been granted, which is expected to occur no later than July 10, 2008.  The Company does not anticipate any changes to the record date or the matters to be acted upon at the meeting.

 

Sauer-Danfoss Inc. is a worldwide leader in the design, manufacture, and sale of engineered hydraulic, electric and electronic systems and components, for use primarily in applications of mobile equipment. Sauer-Danfoss, with 9,800 employees worldwide and revenue of approximately $2.0 billion, has sales, manufacturing, and engineering capabilities in Europe, the Americas, and the Asia-Pacific region.  The Company’s executive offices are located near Chicago in Lincolnshire, Illinois and in Neumünster, Germany.  More details online at www.sauer-danfoss.com.

 

For further information please contact:

Sauer-Danfoss Inc. – Investor Relations

 

Kenneth D. McCuskey

Sauer-Danfoss Inc.

Phone:

(515) 239-6364

Vice President and

2800 East 13th Street

Fax:

(515) 956-5364

Chief Accounting Officer

Ames, Iowa, USA, 50010

kmccuskey@sauer-danfoss.com

 

 

 

 

John N. Langrick

Sauer-Danfoss Inc.

Phone:

+49-4321-871-190

Director of Finance Europe

Krokamp 35

Fax:

+49-4321-871-121

 

24539 Neumünster, Germany

jlangrick@sauer-danfoss.com

 

Executive Office:

 

250 Parkway Drive, Suite 270, Lincolnshire, IL 60069

 

 

Krokamp 35, 24539 Neumünster, Germany