Jetter AG

euro adhoc: Jetter AG
Mergers - Acquisitions - Takeovers
Jetter acquires controller company Futronic and increases capital - adhoc announcement under § 15 WpHG

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Ludwigsburg, 23 December 2005. Jetter AG (ISIN: DE0006264005) announces that they are in negotiations with the French group Saint Gobain concerning the take-over of 100 % of the shares in Futronic GmbH ("Futronic") by 31 December 2005 for a purchase price of EUR 6 Mio. The negotiating parties have reached agreement on all material points and hope to sign the contract in 2005. Futronic, a company situated in Bavaria, is a producer of electronic controllers specialised mainly on the glass container industry. In 2004, Futronic reached sales of EUR 6.3 Mio. and an EBIT of  EUR 1.4 Mio. with 45 employees. Sales and result for 2004 are expected in a similar magnitude. The company is debt-free. Saint Gobain, a world market leader in glass container production, sells Futronic in the course of concentration on their core business.

Futronic, which shall be maintained as an independent brand, offers a complementary product range and market access for the medium and lower segment of the controller market for the glass container industry. Jetter is present in the upper segment of this industry through Emhart Glass; the combination of  Jetter and Futronic would thus cover the entire market, which has substantial growth potential, especially in areas with lower levels of personnel costs. Synergies are expected especially in the product range and market access, in the medium term also in the areas of development and production, with positive effects on the results.

In connection with financing this transaction, Jetter will increase its share capital from authorised capital . Bucher Industries AG, which is holding 20% in Jetter, shall subscribe a further 143,000 shares at EUR 14.00 per share, bringing their shareholding in Jetter to 23% and procuring EUR 2 Mio. for Jetter. The remainder of the purchase price is equally financed through existing cash and new debt.

For further information, please contact: Günter Eckert (CFO) Gräterstraße 2 71642 Ludwigsburg Tel.: +49-7141-2550514

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ots Originaltext: Jetter AG
Im Internet recherchierbar:

Further inquiry note:
Günter Eckert
Tel.: +49-7141-2550-514

Branche: Semiconductors & active components
ISIN:      DE0006264005
WKN:        626400
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade

Weitere Meldungen: Jetter AG

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