In line with its development strategy, HOLDING ČMKS has started to make legal preparations for the merger of its production companies ČMKS-Lokomotivy, a.s., Česká Třebová and ČMKS-Jihlavská lokomotivní společnost s.r.o. Jihlava.

The amalgamation of these two key manufacturing firms within HOLDING ČMKS is another planned strategic step towards simplifying the overall group structure of ČMKS holding, a.s. and its subsidiaries. The merger is expected to yield more flexible and more efficient production management, greatly enhance the production potential of the successor company and generate administrative cost savings. The merger will be effected by amalgamation within the meaning of Section 69(1)(a) et seq. of Act No. 513/1991 Coll., as amended, in the form of a merger within the meaning of Section 69(3)(a) of the same Act. The merger will involve the dissolution of ČMKS-Jihlavská lokomotivní společnost, s.r.o., with the successor company ČMKS-Lokomotivy, a.s., becoming its legal successor and taking over its business assets (i.e. all its assets and liabilities), including employer/employee rights and obligations.

HOLDING ČMKS hereby notifies its business partners that this organizational change will have a positive impact on the services it provides and that in no event will the performance of the obligations of ČMKS-Jihlavská lokomotivní společnost s.r.o. Jihlava be jeopardized by the merger. A Notice of Merger has also been published in the prescribed form in the Commercial Journal.