Deutsche Effecten- und Wechsel-Beteiligungsges. AG

EANS-News: DEWB sells KSW Microtec

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Company Information

Subtitle: SMARTRAC to acquire Dresden-based RFID specialist

Jena, December 14, 2011 (euro adhoc) - Deutsche Effecten- und
Wechsel-Beteiligungsgesellschaft AG (DEWB) today announced the sale of its
investment holding KSW Microtec Holding AG and its operational subsidiary, KSW
Microtec AG, Dresden. The purchaser is SMARTRAC N.V., Amsterdam, Netherlands, a
leading developer, manufacturer and supplier of RFID transponders. SMARTRAC will
take over KSW for total cash consideration of EUR 24 million. The payment will
be made in three tranches. The first tranche, in the amount of EUR 12 million,
will be made upon closing of the transaction. Two additional tranches, in the
amount of EUR 6 million each, are due on August 31, 2012 and December 31, 2013,
respectively. Payment of the second and third tranches is not linked to the
achievement of any performance measures. DEWB has been associated with KSW since
2001, initially with a 10 percent share in the company. In 2006, as part of a
leveraged buyout, DEWB acquired a share of 100 percent in the company. KSW
currently employs 72 staff in Dresden and is projecting a turnover of
approximately EUR 12 million in the current financial year. 

"Over the past few years, we have worked consistently at developing KSW, from
its position as a mass supplier in the standard inlay business, to that of an
innovator within the RFID industry, supplying technologically advanced products.
Therefore, we have been able to successfully position KSW on the market. We are
delighted to have won SMARTRAC, the world leader in RFID inlays for ePassports
and ePayment applications, as purchaser", said Falk Nuber, Member of the
Management Board of DEWB AG. "The association of SMARTRAC and KSW, and the
combination of their respective well-established alternative engineering
concepts, will create a unique and comprehensive product and technology
portfolio in the industry.

The sale of KSW is the fourth exit by DEWB in the last six months. DEWB is
planning to close the current financial year with a significant annual net
profit. The outlook regarding the equity per share for the year-end is above EUR
2.15. Details will be published in January along with preliminary figures for

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 465 million Euros through 42 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

Marco Scheidler

Phone:  +49 (0) 3641 573 3600
Fax:            +49 (0) 3641 573 3610

SMARTRAC is a leading developer, manufacturer, and supplier of RFID components
for a broad range of applications in all current frequency standards. The
company produces both ready-made and customized transponders for public
transport, access control, RFID-based car immobilizers, animal identification,
libraries, industry, and logistics.
SMARTRAC is the global market leader in high-quality RFID inlays for electronic
passports (e-passports) and contactless credit cards (e-payment) as well as for
RFID transponders for public transportation applications. SMARTRAC was founded
in 2000, went public in July 2006, and trades as a stock corporation under Dutch
law with its registered headquarters in Amsterdam. The company currently employs
some 3,300 employees and maintains a global research and development,
production, and sales network.

About KSW
KSW Microtec AG founded in 1994, with its headquarters in Germany, is one of the
world´s leading suppliers of contactless components for applications such as
Access Control, eGovernment, ePayment, eTicketing and Asset Management. KSW
combines successfully high-end wafer processing, extremely efficient assembly
and lamination technology and far-reaching expertise in design. KSW has earned
itself a leading position on the market as innovator and one of the most
efficient, and simultaneously most flexible, producers of RFID components. For
more information visit:

Further inquiry note:
Marco Scheidler
Tel.: +49 (0) 3641 573-3600

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
sector:      Financial & Business Services
ISIN:        DE0008041005
stockmarkets: free trade: Berlin, Stuttgart, München, Open Market / Entry
             Standard: Frankfurt 
language:   English

Weitere Meldungen: Deutsche Effecten- und Wechsel-Beteiligungsges. AG

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