UNOVA Signs Definitive Agreement for the Sale of Its Landis Operations

UNOVA, Inc. (NYSE:UNA) today announced that it has
agreed to sell its Landis Grinding Systems operations to Groupe
Fives-Lille, a leading industrial engineering group based in
Montreuil-sous-Bois, France. The anticipated transaction will fully
complete UNOVA's stated commitment to divest its Industrial Automation
Systems businesses. The transaction is subject to customary closing
conditions and is expected to be completed by year end.
   Under the terms of the agreement, Groupe Fives-Lille will purchase
the global operations of UNOVA's Landis Grinding Systems. The
consideration consists of approximately $70 million in cash, a $10
million two-year note plus the assumption of post retirement medical
obligations and certain pension obligations for active employees. The
consideration is subject to closing balance sheet adjustments.
   The Landis Grinding Systems businesses have been operating as a
division under UNOVA's Industrial Automation Systems segment. UNOVA
anticipates no interruption to the Landis Grinding Systems' business,
customer relationships or strategic direction while the transaction is
being completed.

   About Groupe Fives-Lille

   Groupe Fives-Lille ("GFL") is a leading international industrial
engineering group, which designs and produces equipment, primarily for
the aluminum, automotive, steel and cement industries. For more
information, please visit GFL's website at www.fiveslille.com.

   About UNOVA

   UNOVA is a leader in global supply chain solutions and in the
development, manufacture and integration of wired and wireless
automated data collection, mobile computing systems, bar code
printers, label media and Intellitag(R) RFID (radio frequency
identification). The company's products and services are used by
customers in many industries to improve productivity, quality and
responsiveness of business operations, from supply chain management
and enterprise resource planning to field sales and service.
www.unova.com

   (Forward-looking Statement)

   Certain forward-looking statements in this release (as defined by
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934) relate to matters that are not
historical facts.
   The forward-looking statements about the completion of the sale of
the Landis Group Operations to Groupe Fives-Lille are based on
management's current expectations. The statements included in this
release are not guarantees. Completion of this transaction is
dependent upon the conclusion of customary closing conditions and
completion of the sale and the actual timing of closing will depend
upon completion of these conditions and exchange of consideration.
Such forward-looking statements involve and are dependent upon certain
risks and uncertainties. These include, but are not limited to, other
risks and uncertainties described more fully in the Company's filings
on Form 10-K and 10-Q with the Securities and Exchange Commission.