Wacker Construction Equipment AG will be included in the SDAX of the German Stock Exchange beginning Sept. 24, the company announced last week. The decision was made by the Stock Index Committee of the German Stock Exchange.
The SDAX is the selection index for the 50 largest companies in Germany in order of order book volume and market capitalization. According to the German Stock Exchange equity index listings, Wacker is rated 114th on the basis of free-float market capitalization and 107th on the basis of stock exchange turnover.
“We are delighted to be included in the SDAX so soon after flotation,” said Dr. Georg Sick, CEO and chairman of Wacker. “The move clearly proves just how attractive our shares are. We have attracted a lot of interest from investors from the very outset. Our company and share performance is also resonating strongly among analysts, resulting in ‘buy’ recommendations.”
Based in Munich, Germany, with U.S. headquarters in Menomonee Falls, Wis., Wacker has more than 160 sales and service stations in more than 30 countries.