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Abonner Dr. Hönle AG

Dr. Hönle AG

euro adhoc: Dr. Hönle AG
Mergers - Acquisitions - Takeovers
Hönle Acquires the Drying Specialist Eltosch

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
08.05.2008
- Hönle advances to become the second largest systems supplier on the
growth market for industrial UV technology - EUR 20 million increase 
in annualized consolidated revenue to EUR 65 million - Tapping into a
direct access to sheet-fed offset press manufacturers
Dr. Hönle AG acquires all shares in Hamburg-based Eltosch Torsten 
Schmidt GmbH from Advanced Photonics Technologies AG and, in so 
doing, continues to expand its position as a systems provider on the 
industrial UV technology market. After this acquisition Hönle 
considers itself to be the second-largest systems provider worldwide 
on this fast-growing market.
Eltosch is among the leading companies in drying technology for 
printing machines. For more than 30 years now, the company has been 
engaged in developing, producing and selling UV, infrared, and 
hot-air dryers, which are primarily used in the offset printing 
industry. The company generated revenue of more than EUR 20 million 
with about 60 employees in the past financial year. The Eltosch 
acquisition increases the Hönle Group´s market share in offset 
printing considerably. At the same time, it provides Hönle with 
direct access to the sheet-fed offset industry. Renowned companies in
the printing industry are among the key customers with whom, in some 
instances, long-standing strategic partnerships have developed.
The acquisition is intended to achieve a sustained increase in the 
EBIT margin of Eltosch GmbH through synergy effects in the 
production, development, sales and administration segments. Hönle 
aims at an EBIT margin of approximately 10% for Eltosch GmbH by the 
end of financial year 2010/2011.
With revenue of EUR 26.2 million in financial year 2006/2007, 
annualised consolidated revenue rises to about EUR 65 million, taking
the acquisitions realised into account (Panacol Group, PrintConcept 
GmbH and Eltosch GmbH). The Hönle Group employees just under 300 
people worldwide.
end of announcement                               euro adhoc

Further inquiry note:

Peter Weinert
Tel.: +49 (0)89 856 08 173
E-Mail: peter.weinert@hoenle.de

Branche: Instrument Engineering
ISIN: DE0005157101
WKN: 515710
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
Börse Hannover / free trade
Börse München / free trade

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