Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Miba Acquires Producers of Power Electronics Components

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Company Information


Miba Acquires Producers of Power Electronics Components

@@start.t2@@- Miba continues expansion strategy with move into growth area - energy
      - EBG and DAU will be part of the Miba Group as of September 1, 2010
      - Styria-based companies with annual sales of approximately EUR 30 million
         and staff headcount of around 130@@end@@

Miba, strategic partner to the international  engine  and  automotive industry, has acquired EBG and DAU, producers  of  power  electronics components,  as  of September 1, 2010. The Styrian group, which generates annual  sales  of  EUR  30 million, has production sites at two locations in Styria (Austria).

EBG and DAU are innovative specialists in passive electronic components such  as resistors and cooling systems for power electronics. The  hitherto  family-owned companies employ around 130 people  at  their  Kirchbach  and  Ligist  sites  in Styria.

"In acquiring these companies Miba is continuing with its growth strategy.  This is a move into a new area of technology and  products with  enormous  potential for the future, and constitutes active investment in a  major  trend  -  energy. High-performance components for power electronics are a key  to  more  efficient drive systems and the steadily growing use of renewable energy sources  such  as wind power," explains Miba CEO Peter Mitterbauer.

EBG is a specialist in passive electronic components. At its Kirchbach  site  in south-east  Styria  it  develops  and  produces   precision  high-voltage,  high- performance resistors. EBG has operations all around the world, and  its  client list includes a number of major power electronics  groups.  In  development  and production, the company focuses on technologically advanced niches   and  special applications and is valued by its clients as a high-quality, high-end partner.

DAU is an internationally known development  partner  and  provider   of  thermal solutions such as air-cooled and liquid-cooled heat sinks and  heat  pipes.  It develops high-performance heat sinks for power semiconductors  used  to  control for example engines and electrical drive systems.

"The Miba vision is 'No power train without Miba technology'. By   acquiring  EBG and DAU we're taking another step towards achieving that vision and moving  into an absolute growth area - energy generation, energy utilization  and  electrical drive systems. The new companies  will  broaden  Miba's  product  portfolio  and strengthen its competencies in future-oriented technologies," says Mitterbauer.

EBG and DAU will pursue their technology leadership and, as  part  of the  Miba Group, will be oriented to profitable growth.

end of ad-hoc-announcement ========================================== ======================================

The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic  
partner  to the international engine and automotive industry.  
Sintered  components,  engine bearings, friction materials and
coatings for motor vehicles,  railways,  ships, aircraft and power  
stations  are  produced  at  twelve  sites  worldwide.  Miba products
make vehicles more efficient, safer and more environmentally  
friendly. Miba has around 2,700 employees, over half of whom work at
the  Austrian  sites in Laakirchen, Vorchdorf and Roitham. In the
2009-10  business  year,  sales  of the listed company totaled 311.8
million euros with an operating  result  (EBIT) of                              
16.4                                million                                 euros.

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ots Originaltext: Miba Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Mag. Eva Almhofer-Amering
Corporate Communications
Tel.: +43/7613/2541-1117
mailto: eva.almhofer@miba.com

Mag. Hannes Moser
Vice President Corporate Finance
Tel.: +43/7613/2541-1138

Branche: Industrial Components
ISIN:      AT0000734835
WKN:        872002
Index:    Standard Market Auction
Börsen:  Wien / official market

Weitere Meldungen: Miba Aktiengesellschaft

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