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Polytec Holding AG

euro adhoc: Polytec Holding AG
Mergers - Acquisitions - Takeovers / Acquisition of PEGUFORM GROUP - "Advancement to the TOP 100 suppliers of the automotive industry"

Hörsching, August 29, 2008 (VSE: PYT) -

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
29.08.2008
POLYTEC HOLDING AG acquires
PEGUFORM GROUP, one of the leading European Automotive Suppliers, 
from CERBERUS Capital Management L.P. With combined sales of 2.2 
billion EUR, POLYTEC GROUP advances to the TOP 100 Suppliers of the 
Automotive Industry.
POLYTEC GROUP POLYTEC GROUP, based in Hörsching/Linz (Austria), is 
one of the well-known European suppliers of the automotive- and 
commercial vehicle industry. With sales of 800 mill EUR (outlook 
2008) and a total of 6,500 employees, the company produces and 
assembles on 29 sites in Europe, North America and South Africa. The 
core products are door panels, headliners, engine parts and exterior 
parts for passenger cars, as well as composites parts (SMC) for 
commercial vehicles and passenger cars. The main customers are BMW 
(26%), Mercedes (12%), VW (7%).
PEGUFORM GROUP PEGUFORM GROUP, based in Bötzingen (Germany), is one 
of the leading European Supplier of systems and modules for the 
interior and exterior of passenger cars. In the business year 2007 
the company achieved sales of 1.4 billion EUR with its 7,000 
employees, a total. The group´s main products are bumper systems and 
front-end modules as well as cockpits and door panels. The company 
produces and assembles on 18 sites in Europe, Brazil and Mexico and 
runs 3 joint ventures in Spain, Portugal and China. The core 
customers are: Seat (22%), Audi (20%), VW (20%), BMW (10%). PEGUFORM 
GROUP is one of the leading producers of bumper systems and front-end
modules as well as door panels in the European market.
STRATEGIC PURPOSE The acquisition and combination of PEGUFROM GROUP 
with POLYTEC GROUP is, with its new sites in Mexico and Brazil, as 
well as the joint ventures in China, Portugal and Spain, an important
step to a global positioning of the group. Also the significance to 
important customers increased and the market position with respects 
to core products improved. As a result of the acquisition POLYTEC 
GROUP advances to the TOP 100 suppliers of the automotive industry 
worldwide (approx. position 60) with combined annual sales of 2.2 
billion EUR.
- Wide positioning within the European Automotive industry - Gaining 
a significant market position as supplier of door panels to the 
German market - Gaining a significant market position as supplier of 
bumper systems and front-end modules to German and Spanish market - 
Strengthen the position as a European producer of composite parts to 
the automotive and commercial vehicle industry
The purchase price, which is agreed not to disclosed, will be 
financed with cash reserves and the existing credit lines. A capital 
increase is not necessary and from today´s view also not planned.
For the closing of the acquisition, which is expected for the end of 
September/beginning of October 2008, the consent of antitrust 
authorities is required. ********************************************
Conference call: On the occasion of the current development, 
conference calls for media (10:30 CET) as well as for 
analysts/investors (1pm CET) are scheduled today. Dial in data and 
the presentation can be requested via phone (+43 7221 701 292) or 
e-mail (investor.relations@polytec-group.com).
The CEOs of POLYTEC GROUP and PEGUFORM GROUP are available for 
One-on-Ones after the conference call. We ask you to inform us 
(contact details below) in advance about your interest.
Media information: Photographic materials for unrestricted use as 
well as a presentation with further information about products, 
customers and production sites is available via the link below 
www.polytec-group.com
Further information about PEGUFORM GROUP - www.peguform.de
end of announcement                               euro adhoc

Further inquiry note:

Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wiener Börse AG / official market

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