Deutsche Effecten- und Wechsel-Beteiligungsges. AG
EANS-News: DEWB sells its stake in SensorDynamics to Maxim Integrated Products
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Subtitle: U.S. semiconductor company acquires MEMS and wireless specialist for approximately US$ 130 million plus the assumption of approximately US$ 34 million Jena, July 18, 2011 (euro adhoc) - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB), Jena, Germany, today announced the sale of its investment holding SensorDynamics AG, Graz/Lebring, Austria, to U.S. semiconductor manufacturer Maxim Integrated Products, Inc. (Maxim), Sunnyvale/CA. Maxim is acquiring 100 percent of SensorDynamics´ shares for US$ 130 million (EUR 92 million) and furthermore assumes debts of US$ 34 million (EUR 24 million). With the sale of its 7.9 percent equity stake, DEWB has contributed EUR 6.7 million towards its sales revenue, and EUR 3.8 million towards earnings (EUR 0.25 per share). DEWB has been invested in SensorDynamics since 2004. Besides DEWB, the group of investors also included the lead-investor i4g Investment, Siemens Venture Capital, Fidura, Steierische Beteiligungsfinanzierungsgesellschaft, Steirischer Technologie- und Wachstumsfonds and the management team. "The sale of our stake in SensorDynamics is the first major exit by DEWB this year. We are very pleased to have won such an established player in the semiconductor market as Maxim as buyer, which opens up the potential for SensorDynamics´ innovative technology portfolio and its leading products," commented Falk Nuber, Member of the Management Board of DEWB. SensorDynamics was established in 2003, and has since grown into a specialised semi-fabless semiconductor company providing innovative sensor solutions for the automotive, industrial, and high-end consumer markets. The company develops and supplies fail-safe micro- and wireless semiconductor products. SensorDynamics has thus entered the market as an independent general contractor with in-house MEMS production, and cooperates closely with leading international technology partners. Based in Lebring near Graz, Austria, SensorDynamics also has subsidiaries in Italy and Germany in addition to a worldwide sales network. Presently employing 100 staff members, the company achieved revenues of EUR 7.7 million in the past business year. Following the successful exit from SensorDynamics, DEWB plans to sell further core investment holdings from its portfolio over the coming months. The current year should see at least two more exit transactions, contributing to a significant annual surplus for the company. About DEWB Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB AG, ISIN: DE0008041005) is a listed private equity house that specialises in young and established medium-sized companies. The investment focus is on strong growth companies from the areas of photonics and sensor systems for which DEWB provides support through shareholders' equity, expertise in corporate development and its sector network. The regional focus lies in the German speaking countries (D, A, CH). Since 1997 DEWB has invested more than 360 million Euros in 55 companies and realized more than 435 million Euros through 39 exits, eight of which were in the form of IPOs. The company is located in Jena, one of the most successful technology and science regions in Germany, with a long tradition in the field of optical technologies and one of the most important European centres for photonics. Contact: Marco Scheidler DEWB AG Phone: +49 (0) 3641 573 3600 Fax: +49 (0) 3641 573 3610 E-Mail: ir@dewb-vc.com www.dewb-vc.com About Maxim Integrated Products Maxim Integrated Products is a publicly traded company that designs, manufactures, and sells high-performance semiconductor products. The Company was founded over 25 years ago with the mission to deliver innovative analog and mixed-signal engineering solutions that add value to its customers' products. To date, it has developed over 6,500 products serving the industrial, communications, consumer, and computing markets. Maxim reported revenue of approximately $2.0 billion for fiscal 2010. A Fortune 1000 company, Maxim is included in the Nasdaq 100, the Russell 1000, and the MSCI USA indices. For more information, go to www.maxim-ic.com. Further inquiry note: Marco Scheidler Tel.: +49 (0) 3641 573-3600 E-Mail: marco.scheidler@dewb-vc.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Deutsche Effecten- und Wechsel-Beteiligungsges. AG Leutragraben 1 D-07743 Jena phone: +49 (0)3641 573 3600 FAX: +49 (0)3641 573 3610 mail: ir@dewb-vc.com WWW: http://www.dewb-vc.com sector: Financial & Business Services ISIN: DE0008041005 indexes: stockmarkets: free trade: Berlin, Stuttgart, München, Open Market / Entry Standard: Frankfurt language: English