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Jetter AG

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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
23.12.2005
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 
geckert@jetter.de
end of announcement                               euro adhoc 23.12.2005 17:00:00

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
standard
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade

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