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euro adhoc: Jetter AG
Mergers - Acquisitions - Takeovers
Jetter announces the acquisition of Control Developments - adhoc announcement under § 15 WpHG

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
04.02.2008
Ludwigsburg, 04 February 2008. Jetter AG (ISIN: DE0006264005), the 
German Ludwigsburg-based manufacturer of industrial controllers, 
acquires, with effect of 01 January  2008, Oxford-based Control 
Developments (U.K.) Ltd., who in 2007 realised sales of 1,4 MGBP, 
employing eight people. The purchase prize is to remain confidential.
Control Developments develops and sells electro-hydraulic control 
systems for mobile automation. Its biggest customer is Johnston 
Sweepers Ltd., a manufacturer of municipal vehicles. Johnston 
Sweepers is part of the Swiss group Bucher Industries AG, who also 
holds shares in Jetter. Control Developments´ excellent knowledge of 
the control of hydraulic systems ideally complements Jetter´s 
know-how and product portfolio in the mobile automation sector, with 
emphasis on operation and connectivity. With this acquisition, Jetter
markedly strengthens its mobile automation sector. Jetter expects a 
solid growth for this segment over the next years, i.a. through a 
projected intensification of the co-operation with Bucher. Control 
Developments will change its name to Jetter UK Ltd. and will be 
transformed into an R&D centre for mobile automation. Manufacturing 
and administration will in the mean term move to Ludwigsburg. 
Jetter´s global sales network will provide further growth potential 
for this product segment. Jetter is a leading supplier of control 
systems for industrial and mobile automation. Apart from the parent 
company, there is a German subsidiary in Tettnang as well as 
subsidiaries in USA, Singapore, Italy and Switzerland. Its 191 
employees generated sales of 36 MEUR in 2006/07.
end of announcement                               euro adhoc

Further inquiry note:

Günter Eckert
Tel +49 7141 2550-514
geckert@jetter.de

Branche: Semiconductors & active components
ISIN: DE0006264005
WKN: 626400
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade

Plus de actualités: Jetter AG
Plus de actualités: Jetter AG