feratel media technologies AG

euro adhoc: feratel media technologies AG
Mergers - Acquisitions - Takeovers / feratel takes over Sitour subsidiaries

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20.02.2007

feratel takes over Sitour subsidiaries

"The talks about acquiring a majority interest in the Austrian, Italian, Czech and Slovakian subsidies of Sitour Management GmbH that had started at the beginning of October last year have been successfully completed now. Taking effect retrospectively - cut-off date February 1 - the Austrian subsidiary will be under the umbrella of feratel media technologies AG at 100 %, the Italian, Slovakian and Czech subsidies at 90 % each ", reports Markus Schröcksnadel, Chairman of the Managing Board of the listed company feratel.

The core business of these companies, whose cumulative sales amount to about 10 million euros, is outdoor advertising in skiing areas in combination with slope marking and slope routing systems. "The purpose of the takeover is to round off the range of feratel products by complementing feratel’s electronic forms of advertising with the classical advertising of Sitour. The new subsidiaries in the Czech Republic and in Slovakia have already been successfully selling the feratel products Panorama and Deskline in the past few years. Now the takeover allows us to speed up our expansion in the East ", says Mr. Schröcksnadel.

The purchase price of 10.4 million euros will be paid partly in cash and partly in the form of a capital increase through non-cash contributions to the exclusion of the subscription right, which was already approved by the last shareholders’ meeting.

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ots Originaltext: feratel media technologies AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Inquiries: feratel media technologies AG, Mr. Martin Fritsch,
Maria-Theresien-Strasse 8,
A-6020 Innsbruck, phone: +43 (0)512 7280-405, e-mail:
martin.fritsch@feratel.com, www.feratel.com

Branche: Technology
ISIN:      AT0000737804
WKN:        615165
Index:    Standard Market Auction
Börsen:  Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing



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