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AEG PS Group's expansion in certain selected geographical markets bears risks.
Any inability to consummate or successfully integrate past and/or future acquisitions may jeopard-
ize AEG PS Group's growth strategy.
AEG PS Group operates in highly competitive markets and a failure to compete effectively may
result in a loss of market share and/or an inability to maintain or increase prices for its products
and services.
AEG PS Group may be unable to keep pace with the technological development or to develop new
products efficiently and on a timely basis.
The shift of AEG PS Group's standard product manufacturing to low-cost countries bears risks.
Any disruption of AEG PS Group's production could impair its financial performance.
AEG PS Group's product manufacturing is subject to laws and regulations of different jurisdictions
and failure to comply could result in the imposition of fines or restrictions on operations and re-
medial liabilities.
Product defects or product liability claims with alleged or actual harm caused by AEG PS Group's
products could result in increased costs, damage to AEG PS Group's reputation and loss of reve-
nues and market share.
AEG PS Group has initiated a court proceeding against a former customer for non payment. This
customer has filed a counter claim against AEG PS Group wherein it could be ordered by court to
pay damages to the customer for the abuse of a market dominant position with regard to its power
control systems and modules.
A shortage of, or increases in the prices of components could deteriorate AEG PS Group's results
of operations.
AEG PS Group may be unable to adequately protect its technological know-how and intellectual
property rights.
AEG PS Group may infringe third-party patents.
AEG PS Group relies on a licensing agreement for the use of the AEG trademark which contains
stringent conditions to be met by AEG PS Group.
AEG PS Group internal organisation and reporting system may not be sufficient to meet its spe-
cific business needs and the enhanced reporting requirements for a company listed on a regulated
market.
AEG PS Group may incur increased costs for pension agreements and other long term employee
benefits.
The Issuer may be required to pay a share and cash earn-out of up to 1,600,000 shares and EUR 16
million.
The Issuer is a holding company and dependent on its operating subsidiaries.
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