A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Mergers - Acquisitions - Takeovers
A-TEC Industries AG acquires German plant engineering company Lentjes

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Vienna  based  international  industrial  group  A-TEC    Industries   AG    (ISIN AT00000ATEC9) today signed an agreement to  acquire  99%   of  the  German  plant engineering company Lentjes GmbH from the listed GEA Group AG. After  completion of the transaction, which requires clearance from  the  competition  authorities concerned, the company will be included in A-TEC's Plant Construction Division.

A-TEC is acquiring Lentjes for one euro, and will strengthen  its   capital  base by injecting an amount in the lower double digit million  euro  range.  For  its part the seller will assume the risks arising from existing projects  that  have reached an advanced stage of completion. Following an  intensive  due  diligence review and the seller's agreement to provide additional  securities,  A-TEC  has agreed to assume the opportunities and risks of  projects  at  early stages  of completion.

Lentjes, based in Ratingen, Germany, is  the  plant  engineering   subsidiary  of Germany's GEA  Group  AG  -  an  MDAX  listed   company.  The  firm  designs  and constructs turnkey plants, focusing on processes,  technologies  and  components for the fossil fuel fired industrial boilers, biomass  fired  power  plants  and waste incinerators. The Company and its subsidiaries have around  320 employees, and in 2006 generated revenue of some EUR 270m.

For A-TEC Industries the takeover of Lentjes and its integration in its  largest division - Plant Construction - represents a complementary acquisition. It  will extend the product portfolio of the group's  energy  business  and  provide  new resources to underpin continued growth.  With  the  acquisition  of  the  German plant  engineering  company  -  which  has  an  excellent  reputation in    the international  power  plant  construction  industry  and     employs    outstanding engineers - A-TEC Industries  will  strengthen human  resources  in  the  Plant Construction Division and open up new markets for the group.

@@start.t2@@end of announcement                                                 euro adhoc 02.05.2007 18:18:28

ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN:      AT00000ATEC9
Index:    ATX Prime
Börsen:  Wiener Börse AG / regulated dealing/prime standard

Weitere Meldungen: A-TEC Industries AG

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