euro adhoc: A-TEC Industries AG
Mergers - Acquisitions - Takeovers
A-TEC
Industries acquires German machine tool manufacturer Dörries Scharmann
Technologie (DST)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information/DST
15.08.2007
Vienna, 15 August 2007: A-TEC Industries AG (ISIN AT00000ATEC9) today announced that it is acquiring a leading special purpose machine tool manufacturer, Dörries Scharmann Technologie GmbH. The agreement with Deutsche Beteiligungs AG, signed yesterday, is subject to clearance by the competition authorities. The parties have agreed not to disclose the purchase price.
DST, whose roots go back to 1884, was acquired by Deutsche Beteiligungs AG in 1998 after the insolvency of the previous owners, Bremer Vulkan AG.
DST is forecasting 11% revenue growth to approx. EUR 141 million for the 2007 financial year. It has a solid record of profitability. A-TEC Industries anticipates consolidating DST in the fourth quarter of 2007 and integrating it in the Mechanical Engineering Division.
About Dörries Scharmann Technologie GmbH: DST is a leading manufacturer of special purpose machine tools. The company´s products are widely used in the automotive, general engineering and aerospace industries. It is also active in the energy sector, and this new line of business is profiting from the strong demand for equipment for wind turbines. DST has some 700 employees about 600 of them at its Mönchengladbach and Bielefeld factories.
end of announcement euro adhoc 15.08.2007 07:47:58
Further inquiry note:
A-TEC INDUSTRIES AG
Wächtergasse 1, A-1010 Wien
Investor Relations Contact:
Gerald Wechselauer
Head of Investor Relations
Phone: +43 1 22760 - 130
Mobile: +43 (0)664 6104475
Email: gerald.wechselauer@a-tecindustries.com
www.a-tecindustries.com
Press Contact:
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at
Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / Regulated free trade