Dr. Hönle AG

euro adhoc: Dr. Hönle AG
Mergers - Acquisitions - Takeovers
Hönle Acquires the Drying Specialist Eltosch

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08.05.2008

- Hönle advances to become the second largest systems supplier on the growth market for industrial UV technology - EUR 20 million increase in annualized consolidated revenue to EUR 65 million - Tapping into a direct access to sheet-fed offset press manufacturers

Dr. Hönle AG acquires all shares in Hamburg-based Eltosch Torsten Schmidt GmbH from Advanced Photonics Technologies AG and, in so doing, continues to expand its position as a systems provider on the industrial UV technology market. After this acquisition Hönle considers itself to be the second-largest systems provider worldwide on this fast-growing market.

Eltosch is among the leading companies in drying technology for printing machines. For more than 30 years now, the company has been engaged in developing, producing and selling UV, infrared, and hot-air dryers, which are primarily used in the offset printing industry. The company generated revenue of more than EUR 20 million with about 60 employees in the past financial year. The Eltosch acquisition increases the Hönle Group´s market share in offset printing considerably. At the same time, it provides Hönle with direct access to the sheet-fed offset industry. Renowned companies in the printing industry are among the key customers with whom, in some instances, long-standing strategic partnerships have developed.

The acquisition is intended to achieve a sustained increase in the EBIT margin of Eltosch GmbH through synergy effects in the production, development, sales and administration segments. Hönle aims at an EBIT margin of approximately 10% for Eltosch GmbH by the end of financial year 2010/2011.

With revenue of EUR 26.2 million in financial year 2006/2007, annualised consolidated revenue rises to about EUR 65 million, taking the acquisitions realised into account (Panacol Group, PrintConcept GmbH and Eltosch GmbH). The Hönle Group employees just under 300 people worldwide.

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ots Originaltext: Dr. Hönle AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Peter Weinert
Tel.: +49 (0)89 856 08 173
E-Mail: peter.weinert@hoenle.de

Branche: Instrument Engineering
ISIN:      DE0005157101
WKN:        515710
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Börse München / free trade



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