DGAP-Adhoc: Augusta Technologie AG Acquires Canadian Company LMI Technologies Inc.

Augusta Technologie AG  / Key word(s): Acquisition

21.04.2011 07:42

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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AUGUSTA acquires Canadian company LMI Technologies, a leading supplier in
the rapidly growing 3D Vision market

  - Acquisition of 100 percent of the shares  

  - The acquisition makes AUGUSTA one of the top suppliers in the global
    Vision market

  - Entry into the attractive, rapidly growing 3D market

  - Expansion of technology and application-specific know-how in 3D
    measurement

  - Synergies with existing Vision activities


Munich, April 21, 2011. Technology company AUGUSTA Technologie AG (ISIN
DE000A0D6612), specialized in sensors and vision technology, has reached
agreement on acquiring 100 percent of the shares of LMI Technologies Inc.
based in Vancouver, Canada. The takeover deal is expected to be signed in
the coming weeks. LMI Technologies is an innovative provider of 3D sensor
solutions. The company is regarded as one of the world's leading providers
in the field of 3D laser triangulation measurement. At the same time LMI
focuses on a variety of vertical industrial markets such as, for example,
wood industry, glass inspection, tire manufacture and the automotive
industry as well as economic sectors outside of conventional industry
segments such as road construction and agriculture. In all of these
industries, LMI enjoys long-term relationships with major OEM customers and
has established an excellent market position.

In the past 12 months, LMI generated revenues of USD 20 million with an
operating margin (EBITDA) of approx. 20 percent. The company's worldwide
workforce now numbers around 75 employees. The purchase price amounted to
USD 30 million at conclusion of the agreement. In addition to this, there
are earn-out components that are coupled to increased profitability in 2011
and 2012. Based on the current situation, earn-out payments of around USD
10 million are expected. The purchase price will largely be financed
through debt capital.

The CEO of LMI Technologies Inc., Terry Arden, will retain his position
following the acquisition of the company. The acquisition of LMI
Technologies represents a further important step for AUGUSTA in its
buy-and-build strategy in the Vision Technology segment. The acquisition
will enable AUGUSTA to tap into new technological competencies and
relationships with established OEM customers, as well as realize synergies
in the areas of development, operations and sales.



Contact:
AUGUSTA Technologie AG
Stefanie Zimmermann
Head of IR
+49-89-435715519




21.04.2011 DGAP's Distribution Services include Regulatory Announcements, 
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Language:     English
Company:      Augusta Technologie AG
              Willy-Brandt-Platz 3
              81829 München
              Deutschland
Phone:        +49-(0)89-4357155-19
Fax:          +49-(0)89-4357155-56
E-mail:       stefanie.zimmermann@augusta-ag.com
Internet:     www.augusta-ag.com
ISIN:         DE000A0D6612, DE0003705992
WKN:          A0D661, 370599
Indices:      CDAX, PRIMEALL
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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