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CHRIST WATER TECHNOLOGY AG

euro adhoc: CHRIST WATER TECHNOLOGY AG
Mergers - Acquisitions - Takeovers / Takeover of a majority of zeta Group

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
07.09.2007
Christ Water Technology is expanding its Pharma and Life Science 
segment and acquiring a controlling interest of 76% in the zeta 
Group, which is based in Tobelbad, near Graz, Austria. As agreed 
today, zeta will be integrated into the CHRIST Group with immediate 
effect. The signing of the deal is expected until the end of 
September.
zeta is a leading supplier of process systems for the biotech and 
pharmaceutical industry: it has three business units, Bio and Process
Technology, Sterile Plant Construction, and Automation, 240 highly 
qualified employees and annual sales of around EUR 40 million.
"With zeta, CHRIST will become a genuine turnkey supplier and can now
supply the entire process chain for the biopharmaceutical industry. 
The engineering expertise, the product competence and the excellent 
reputation of zeta in combination with the water technology expertise
and global production and sales network of CHRIST open up extensive 
synergies and new growth opportunities", according to CHRIST CEO, Dr.
Karl Michael Millauer.
Founded in 1987, zeta is today a supplier for process technology 
primarily established in Central Europe, with branches and 
subsidiaries in Austria, Switzerland, Germany, France and the Czech 
Republic. The particular strengths of the group are its high level of
technical competency and wide product range in the fields of 
application systems, bioreactors, stirring and mixing technology, 
filtration, refrigeration and defrosting systems and 
biopharmaceutical plant construction with corresponding automation 
solutions.
Managing directors of zeta, Hermann Grundnig und Gerhard Zehetner, 
comment on this as follows: "CHRIST will confer on zeta exciting 
opportunities for development and represents a successful and stable 
future for our employees, partners and customers." The defining 
feature of 2007 so far has been restructuring and zeta is expected to
provide a positive contribution to CHRIST´s earnings as early as 
2008. The initial consolidation is expected to take place in 
September 2007.
end of announcement                               euro adhoc 07.09.2007 13:30:00

Further inquiry note:

Christ Water Technology Group
Ralf Burchert
ralf.burchert@christ-water.com
P.: +43 6232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market

Plus de actualités: CHRIST WATER TECHNOLOGY AG
Plus de actualités: CHRIST WATER TECHNOLOGY AG