HSN Hansen Tran.

 
TIDMHSN 
 
Edegem/Antwerp,  Belgium - London, UK  - 10 December 2010 - Hansen Transmissions 
International  NV. (LSE ticker HSN)  ("Hansen Transmissions", the "Company"), an 
established  global gearbox designer,  manufacturer and supplier  with a leading 
position  in the wind turbine gearbox  market, today announces the completion of 
the  Information and Consultation  Procedure, as required  under Belgian law, in 
relation  to the  offer from  Sumitomo Heavy  Industries ("Sumitomo HI") for the 
Company's  industrial business received on  14 October 2010.  The signing of the 
sale and purchase agreement ("SPA") is scheduled for 20 December 2010. 
 
On 15 October 2010, Hansen Transmissions announced that it had received an offer 
(the   "Offer)   for   its   industrial   gearbox  division  (Hansen  Industrial 
Transmissions ("HIT")) from Sumitomo HI (the "Proposed Transaction"), subject to 
the restructuring of the plant in Edegem, Belgium. The management team and Board 
of  Hansen evaluated the Proposed Transaction  in detail and believe it presents 
an attractive opportunity for both its industrial and wind gearbox businesses. 
 
As  a result of the Proposed Transaction, Hansen Transmissions will focus itself 
as  a  pure  renewable  energy  business.  The  Group's management and Board are 
convinced that this is the right strategic path that will lead to a stronger and 
more focused position in a sector with substantial long-term opportunities. 
 
The Proposed Transaction is a Class 1 transaction for Hansen Transmissions under 
the  UK Listing  Rules and  is therefore  conditional upon shareholder approval. 
Following  the  signing  of  the  SPA,  a  circular  will  be  dispatched to the 
shareholders  of Hansen  Transmissions convening  a general  meeting at which an 
ordinary resolution will be proposed to approve the Proposed Transaction. 
 
Subject  to shareholder approval being received  and the other conditions to the 
SPA  being satisfied, the  Proposed Transaction is  expected to close before the 
end of the current fiscal year, ending on 31 March 2011. 
 
 
 
For further information, please contact: 
 
+--------------------------------------------------------+ 
| Hansen Transmissions International NV                  | 
|                                                        | 
| Investor Relations                                     | 
+--------------------------------------+-----------------+ 
| Hans Ooms                            | +32 3 450 58 62 | 
| De Villermontstraat 9                |                 | 
| 2550 Kontich - Belgium               |                 | 
| hans.ooms.ir@hansentransmissions.com |                 | 
| http://ir.hansentransmissions.com/   |                 | 
+--------------------------------------+-----------------+ 
 
+---------------------------------------------+ 
| Maitland                                    | 
+--------------------------+------------------+ 
| Sarah Hamilton           | +44 20 7395 0464 | 
| shamilton@maitland.co.uk | +44 7836 295 291 | 
|                          |                  | 
| Dan Yea                  | +44 20 7395 0422 | 
| dyea@maitland.co.uk      | +44 7595 270 691 | 
+--------------------------+------------------+ 
 
 
 
About Hansen Transmissions 
Hansen  Transmissions  International  NV  is  an established global wind turbine 
gearbox  and  industrial  gearbox  designer,  manufacturer  and supplier, with a 
leading  position  (by  MW  supplied)  in  the  wind turbine gearbox market. The 
Company  supplies gearboxes  to the  world's major  manufacturers of gear-driven 
wind  turbines and provides durable  gear drives for a  wide range of industrial 
applications  throughout  the  world.  Both  Hansen's wind energy and industrial 
activities   have  established  dedicated  international  service  networks.  In 
addition  to its principal state-of-the-art  manufacturing facilities located in 
Flanders, Belgium - i.e. a wind turbine and industrial gearbox plant and a fully 
integrated, dedicated wind turbine gearbox manufacturing facility - Hansen has a 
production plant for wind turbine gearboxes in Coimbatore, India and an assembly 
and  testing plant for the Chinese market, located in Tianjin, China. Hansen has 
currently wind turbine gearbox manufacturing capabilities of 8,700 MW per annum. 
Strong  in-house R&D  operations maintain  Hansen's technological leadership and 
the Company employs approximately 2,100 people worldwide. 
 
http://www.hansentransmissions.com/en/ 
http://ir.hansentransmissions.com/ 
 
 
About Hansen Industrial Transmissions 
HIT is a global industrial gearbox designer, manufacturer and supplier. The 
company supplies for a wide range of industrial applications throughout the 
world and has an established dedicated international service network. HIT 
operates a manufacturing facility and services centre located in Flanders, 
Belgium as well as assembly centres in Australia, Brazil, China, South Africa, 
the UK and the US. HIT currently employs 730 people worldwide. 
 
 
Neither  the content  of Hansen  Transmissions' website  nor the  content of any 
other  website accessible  from hyperlinks  on Hansen  Transmissions' website is 
incorporated into, or forms part of this announcement. 
Merrill  Lynch  International  ("Bank  of  America  Merrill  Lynch")  is  acting 
exclusively for Hansen Transmissions in relation to the Proposed Transaction. 
Certain statements in this announcement are forward-looking statements. By their 
nature,  forward-looking statements involve a  number of risks, uncertainties or 
assumptions  that could cause actual results or events to differ materially from 
those  expressed  or  implied  by  the  forward-looking statements. Those risks, 
uncertainties  or assumptions could  adversely affect the  outcome and financial 
effects  of the  plans and  events described  herein. Forward-looking statements 
contained in this announcement regarding past trends or activities will continue 
in   the  future.  Undue  reliance  should  not  be  placed  on  forward-looking 
statements,  which speak  only as  of the  date of  this announcement. Except as 
required  by law or regulation, Hansen  Transmissions is not under an obligation 
to  update  or  keep  current  the  forward-looking statements contained in this 
announcement  or to correct  any inaccuracies which  may become apparent in such 
forward looking statements. 
 
 
Forward Looking Statements 
This press release may include statements that are "forward-looking statements". 
In some cases, these forward-looking statements can be identified by the use of 
forward-looking terminology, including the terms "believes", "estimates", 
"forecasts", "plans", "prepares", "projects", "anticipates", "expects", 
"intends", "may", "will", "should" or other similar words. Forward-looking 
statements may include, without limitation, those regarding Hansen's financial 
position, business strategy, plans and objectives of management for future 
operations (including development plans and objectives relating to Hansen's 
products) and the wind turbine and gearbox markets. Such forward-looking 
statements involve known and unknown risks, uncertainties and other factors 
which may cause the actual results, performance or achievements of Hansen, or 
industry results, to be materially different from any future results, 
performance or achievements expressed or implied by such forward-looking 
statements. Such forward looking statements are based on numerous assumptions 
regarding Hansen's present and future business strategies and the environment in 
which Hansen will operate in the future. These forward looking statements speak 
only as of the date of this press release. Hansen expressly disclaims any 
obligation or undertaking to release publicly any updates or revisions to any 
forward-looking statement contained herein to reflect any change in Hansen's 
expectations with regard thereto or any change in events, conditions or 
circumstances on which any such statement is based. 
 
 
 
                                       # 
 
 
 
 
Press Release (PDF): 
http://hugin.info/139494/R/1471325/408155.pdf 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Hansen Transmissions International NV via Thomson Reuters ONE 
 
[HUG#1471325] 
 

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