UET United Electronic Technology AG / Key word(s): Acquisition/Miscellaneous 02.03.2015 10:30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - UET acquires 100% of ALBIS Technologies, Zürich, Switzerland - Investment in Development for Business Area SYSTEMS UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces the acquisition of all outstanding shares of telecommunication systems supplier ALBIS Technologies AG, Zürich, Switzerland. ALBIS is an international and leading supplier of Broadband Access Systems and Multimedia systems for TV and video. ALBIS has been incorporated in 2008 through a spin-off from Siemens Switzerland. The acquisition is structured as a combined cash purchase in the amount of 1.0 mn EUR and share acquisition. Part of the price will be paid in 1.000.000 newly issued UET AG shares with a nominal value of EUR 1,00 through a capital increase of UET. After the transaction the existing ALBIS shareholders will hold a combined stake of 11% at UET. ALBIS employs about 80 employees. The expected news sales contribution of ALBIS will be about 25.0 mn EUR for 2015. The products, customers and markets are a perfect complimentary fit to UET's existing portfolio in the business area SYSTEMS. The presence in Europe will be strengthened and new markets in Europe and South America will be added. With the new combined product portfolio the UET Group will offer a very comprehensive and powerful portfolio in the area of Carrier Ethernet, Multimedia, IP network migration and energy supply for telecommunication service providers. This will enable new and additional future growth. The expertise and experience of ALBIS Engineering in Research and Development will also contribute to offer engineering services to customers in the business area MANUFACTURING. The transaction is scheduled to be finalised by July 2015. Effective Date is January 1st, 2015. Contact: UET United Electronic Technology AG Frankfurter StraÃe 80-82 D-65760 Eschborn Sebastian Schubert Tel: + 49 (0) 6196 777755-0 E-Mail: investor@uet-group.com 02.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: UET United Electronic Technology AG Frankfurter StraÃe 80-82 65760 Eschborn Germany Phone: +49 (0)6196-7777550 Fax: +49 (0)6196-7777559 E-mail: investor@uet-group.com Internet: www.uet-group.com ISIN: DE000A0LBKW6 WKN: A0LBKW Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: UET United Electronic Technology AG announces the acquisition of telecommunications supplier ALBIS Technologies
| Source: EQS Group AG