IFCO SYSTEMS completes acquisition of STECO Group

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IFCO SYSTEMS announces today that it has successfully completed the
acquisition of all of the shares of STECO Holding GmbH and its
subsidiaries. IFCO SYSTEMS and STECO already obtained antitrust
clearances by the responsible antitrust authorities. All closing
conditions have been satisfied as well. On April 16, 2008 IFCO
SYSTEMS announced that it has signed an agreement on the purchase of
the STECO group. The acquisition is being funded by IFCO's own cash
resources and a sellers note.

STECO is one of Europe's notable service providers for reusable
plastic container (RPC). With the close of the transaction, the STECO
group is now being integrated into the IFCO organization. The IFCO
and the STECO team will work closely to maximise synergies to the
benefit of their customers.

IFCO SYSTEMS is listed on the Frankfurt stock exchange and is
indirectly majority owned by funds advised by Apax Partners Worldwide
LLP. IFCO SYSTEMS is an international logistics service provider with
more than 180 locations worldwide. IFCO SYSTEMS operates a pool of
more than 84 million Reusable Plastic Containers (RPCs) globally,
which are used primarily to transport fresh produce from producers to
leading grocery retailers. In the United States, IFCO SYSTEMS also
provides a national network of pallet management services. With more
than 100 million pallets sorted, repaired and recycled annually, IFCO
SYSTEMS is the market leader in this industry. In 2007, IFCO SYSTEMS
generated revenues of US $692.5 million.

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IFCO Systems N.V.
Zugspitzstraße 7 Pullach

WKN: 157670; ISIN:
NL0000268456 ; Index: CLASSIC All Share, Prime All Share;
Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Freiverkehr
in Bayerische Börse München,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Börse Düsseldorf,
Prime Standard in Frankfurter Wertpapierbörse;
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