Balda AG / Disposal/Restructure of Company
13.05.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Impact on liquidity in the high single-digit million euros range in line
with expectations
- HanseIK had acquired former Balda entities Balda-Heinze, HeRo und SMK in
early 2007 already
Bad Oeynhausen, May 13, 2008. Balda AG has sold the European infocom
business that was reacquired earlier this year via an asset deal
transaction, effective as of May 1, 2008. Buyer is Heinze Solutions GmbH,
which belongs to Hanse Industriekapital-Beteiligungs-GmbH (HanseIK),
Hamburg. Subject of the sale is the operation of Balda Solutions
Deutschland GmbH in Bad Oeynhausen (North Rhine-Westphalia). The operation
of Balda Werkzeugbau GmbH in Bad Oeynhausen is simultaneously being sold to
Heinze Werkzeugbau GmbH. HanseIK, which operates in comparable segments via
Heinze Kunststofftechnik in Herford (North Rhine-Westphalia), intends to
strengthen and continue its activities in the region. The contractual
partners have agreed to maintain silence with respect to the purchase price
and other details of the agreement. The impact on liquidity for Balda in
the high single-digit million euros range in compensation for its business
segment in deficit is in line with expectations.
HanseIK is well positioned in the plastics processing and surface
technology. The company had early 2007 already bought from Balda the
Balda-Heinze GmbH & Co. KG and HeRo Galvanotechnik GmbH, both based in
Herford (North Rhine-Westphalia) as well as the Sächsische Metall- und
Kunststoffveredelungs GmbH (SMK) in Oberlungwitz (Saxony).
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Information and Explaination of the Issuer to this News:
***
Company profile Balda AG
The internationally operating Balda Group develops and produces highly
integrated devices comprising plastic, metal and electronic components as
well as touch sensors. Among the customers of the SDAX listed company are
international brand-names from the mobile telephony industry, medical
technology and various related markets.
The integration of plastic and touch screen technologies creates completely
new customer benefits. Only Balda currently offers both technologies from
one source on a global scale. The group has a strong position in the
important growth markets China and India and owns four production
facilities in the region. Plants in Brazil and in Malaysia, as well as the
facility in Germany for Balda Medical, underline the global competitiveness
of the group of companies.
***
This ad hoc-announcement includes 'forward-looking statements' which are
based on the current expectations of the management of Balda. They are
subject to risks and uncertainty because they relate to events and depend
on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This ad hoc-announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the 'Shares') may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the 'Securities Act')) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities
Act.
***
If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 5734 922 2691, Mail: croehl@balda.de, Internet:
www.balda.de
DGAP 13.05.2008
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Language: English
Issuer: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Deutschland
Phone: +49-(0)5734-922-0
Fax: +49-(0)5734-922-2747
E-mail: info@balda.de
Internet: www.balda.de
ISIN: DE0005215107
WKN: 521510
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Balda has sold the European infocom activities to Hanse Industrie Kapital
| Source: EQS Group AG