Süss MicroTec AG / Disposal
28.01.2010
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SUSS MicroTec AG sells Test Systems Division
Garching near Munich, Germany, January 28, 2010 - SUSS MicroTec AG
(business address: Schleissheimer Strasse 90, 85748 Garching, Germany;
ISIN: DE0007226706), which is listed in the Prime Standard of Deutsche
Börse AG, today announced the sale of its Test Systems Division, which is
located in Sacka near Dresden, Germany, plus other related assets. The
Company was sold to Cascade Microtech, Inc. (NASDAQ: CSCD), a worldwide
leader in the precise electrical measurement and test of integrated
circuits.
The purchase price for the SUSS MicroTec Test Systems GmbH, which is
subject to a post-closing purchase price adjustment, is cash and debt free
and consists of a fixed amount and an amount placed in escrow. The fixed
component amounts to EUR 4.5 million of which EUR 2.0 million was paid in
cash and EUR 2.5 million was paid in shares of Cascade Microtech common
stock. In addition, an amount of EUR 2.5 million has been placed in escrow
and will be released to the seller upon meeting certain post-sale
conditions.
SUSS MicroTec Test Systems is a leading global supplier of measurement and
test systems for the semiconductor industry. It employs approximately 120
staff at its Sacka site and its international subsidiaries. In the 2008
fiscal year sales was EUR 25.0 million and EUR 10.6 million for the nine
months ended September 30, 2009.
With the divestment of the SUSS MicroTec Test Systems GmbH and the recent
acquisition of HamaTech APE, SUSS MicroTec will focus on its core
competency of microstructuring for microelectronics applications.
SUSS MicroTec's comprehensive product portfolio of exposure, cleaning,
coating, developing and bonding equipment offers complete high performance
solutions for advanced semiconductor packaging and 3D integration as well
as the manufacturing of MEMS and LEDs.
End of the ad hoc announcement
SÃSS MicroTec AG
Julia Hartmann
Investor Relations / PR
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007 336
Email: julia.hartmann@suss.com
28.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Süss MicroTec AG
Schleissheimer Strasse 90
85748 Garching b. München
Deutschland
Phone: +49 (0)89 32007-161
Fax: +49 (0)89 32007-336
E-mail: ir@suss.com
Internet: www.suss.com
ISIN: DE0007226706
WKN: 722670
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Süss MicroTec AG sells Test Systems Division
| Source: EQS Group AG