HSN Hansen Tran.

 
TIDMHSN 
 
Kontich, Belgium - London, UK - 4 March 2011 - Hansen Transmissions 
International NV (LSE ticker 'HSN') ("Hansen Transmissions", "the Company") 
announces today the completion of the disposal of its industrial gearbox 
division, Hansen Industrial Transmissions NV ("HIT"), to Sumitomo Heavy 
Industries ("Sumitomo HI"). 
 
On 20 December 2010 the Company announced that it had entered into a conditional 
sale  and purchase agreement ("SPA")  with Sumitomo HI to  dispose of the entire 
issued  share capital  of HIT  ("the disposal").  A circular containing a notice 
convening  a general meeting of the Company  on 23 February 2011 was sent to the 
shareholders on 27 January 2011. 
 
On  23 February 2011 the Company received approval from its shareholders for the 
sale of HIT. 
 
The   Company   is  pleased  to  announce  that  following  the  above-mentioned 
shareholder  approval, all other  conditions to the  SPA have been satisfied and 
the disposal has been completed. 
 
The  proceeds received  at completion  by Hansen  Transmissions are 91.2 million 
EUR,  being the consideration  of 95.1 million EUR  less 66% of the  cost of the 
Social  Plan  implemented  in  the  Edegem  plant  of  HIT  in January 2011. The 
proceeds,  net  of  cash,  are  approximately  75 million EUR before transaction 
costs, estimated at 3.5 million EUR. 
 
Alex  De Ryck, CEO of Hansen Transmissions commented: "Today is an important day 
for  both HIT and Hansen Transmissions and  its employees. The divestment of HIT 
will  allow both businesses to  maximise their full potential.  HIT has found an 
ideal  partner  with  Sumitomo  HI  to  gain  a  strong  global footprint in the 
industrial  gearbox market,  and focussing  Hansen Transmissions  as a pure wind 
energy  business strengthens its position for the next growth cycle in renewable 
energy." 
 
 
For more information 
 
 
+----------------------------------------------------------------------------+ 
|Hansen Transmissions International NV                                       | 
|                                                                            | 
|Investor & Press Relations                                                  | 
+------------------------------------------------------------+---------------+ 
|Hans Ooms                                                   |+32 3 450 58 61| 
|De Villermonstraat 9                                        |               | 
|2550 Kontich - Belgium                                      |               | 
|hans.ooms.ir@hansentransmissions.com                        |               | 
|http://www.hansentransmissions.com/en/investorrelations.html|               | 
+------------------------------------------------------------+---------------+ 
 
+---------------------------------------------+ 
| Investors & Analysts                        | 
| 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  is  a  globally  established  designer,  manufacturer and 
supplier  of reliable, tailor-made  gearboxes for multi-MW  wind turbines with a 
power capacity ranging from 1.5 to 6.15 MW. 
The  Company is one of the industry  leaders in the global multi-MW wind turbine 
gearbox  market in terms of MW supplied.  Hansen supplies gearboxes to the major 
manufacturers  of gear-driven wind turbines. These key customers incorporate the 
Company's  highly efficient and reliable  gearboxes into multi-MW wind turbines, 
deployed  across  the  globe  in  high-profile  onshore  and  offshore wind farm 
projects. 
Hansen  Transmissions currently operates 3 state-of-the-art manufacturing plants 
with  an annual output  capacity of 7,600 MW.  Hansen is a  global player with a 
manufacturing  presence in Belgium, India and China, worldwide sales and service 
operations  and  a  more  than  1,450 strong  workforce.  Hansen  has strong R&D 
operations and partnerships to maintain its technological leadership. 
 
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. 
 
 
Change of address - reminder 
 
Hansen Transmissions International NV (wind gearbox business): 
 
Registered Office (new as of 14 January 2011!) and headquarters: 
De Villermontstraat 9 
B - 2550 Kontich 
Belgium 
 
Belgian Wind Gearbox factory: 
Gerard Mercatorstraat 40 
B - 3920 Lommel 
Belgium 
 
 
Hansen Industrial Transmissions NV 
(HIT - industrial gearbox business acquired by Sumitomo HI on 4 March 2011): 
 
Registered Office (unchanged): 
Leonardo da Vincilaan 1 
B - 2650 Edegem 
Belgium 
 
 
 
 
Merrill  Lynch International ("Bank of America  Merrill Lynch") has been engaged 
to  provide  financial  advice  to  the  Board  of  Directors in relation to the 
disposal  of the industrial gearbox division  to Sumitomo Heavy Industries. Bank 
of  America Merrill Lynch is  acting exclusively for Hansen  and no one else and 
will  not  be  responsible  to  anyone  other  than  Hansen  for  providing  the 
protections  afforded  to  clients  of  Bank  of  America  Merrill  Lynch or for 
providing advice in relation to the transaction. 
 
 
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. 
 
Neither  the  content  of  the  Company's  website  nor the content of any other 
website  accessible  from  hyperlinks  on  the Company's website is incorporated 
into, or forms part of, this announcement. 
 
 
                                       # 
 
 
 
Press Release (PDF): 
http://hugin.info/139494/R/1494754/430573.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#1494754] 
 

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