DGAP-Adhoc: SMT Scharf AG takes over drive technology specialist


SMT Scharf AG  / Key word(s): Takeover/Strategic Company Decision

25.08.2016 13:47

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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SMT Scharf AG takes over drive technology specialist

Hamm, August 25, 2016 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) based
in Hamm ("SMT Scharf") has acquired 100 percent of the shares in Nowilan
Gesellschaft für Antriebstechnik mbH headquartered in Dinslaken
("Nowilan").

The parties have agreed not to disclose the purchase price. The acquisition
represents the next step in SMT Scharf's stated strategy of developing into
a full-service systems provider in the underground logistics field.

Nowilan is an internationally active provider of drive technology,
logistics solutions and specialist machinery. As a microenterprise, the
company does not have any production sites of its own and instead relies on
external production capacities. Nowilan develops individual customer
solutions on a project-by-project basis. The company has a high level of
technical know-how, an established brand name and a network in the fields
of underground specialist machinery and tunnel logistics - both of which
are attractive for SMT Scharf. In addition, the two companies are also
connected by a long-standing partnership which has proven its value during
collaboration on technically demanding projects.

The cash component of the purchase price is being financed by SMT Scharf
using cash and cash equivalents. In addition, the seller is to receive
treasury shares from SMT Scharf.

< End of the ad-hoc announcement>


Company profile

SMT Scharf Group develops, manufactures and services transport equipment
for underground mines. The main products are captivated railways that are
used all over the world, primarily in black coal mines, but also in mines
for gold, platinum and other metals. These are needed to transport material
and personnel with payloads of up to 45 tons on gradients of up to 30
degrees. Furthermore the company supplies the mining industry with chair
lifts. SMT Scharf Group has subsidiaries in seven countries and agents
worldwide. SMT Scharf generates most of its revenues in growing foreign
markets such as China, Russia, Poland and South Africa. SMT Scharf AG has
been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock
Exchange since April 11, 2007.

Contact

Investor Relations
cometis AG
Maximilian Breuer
Tel: +49(0)611 - 205855-22
Fax: +49(0)611 - 205855-66
e-mail: breuer@cometis.de


25.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      SMT Scharf AG
              Römerstrasse 104
              59075 Hamm
              Germany
Phone:        +49 2381 960-01
Fax:          +49 2381 960-230
E-mail:       info@smtscharf.com
Internet:     www.smtscharf.com
ISIN:         DE0005751986
WKN:          575198  
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart, Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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