technotrans AG / Key word(s): Miscellaneous 20.10.2016 18:33 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. --------------------------------------------------------------------------- Disclosure of inside information in accordance with Article 17 of MAR Ad hoc information from technotrans AG (ISIN: DE000A0XYGA7) technotrans acquires remaining 35 percent in KLH Kältetechnik GmbH, KLH Cooling International Pte. Ltd. and Taicang KLH Cooling Systems Co. Ltd. Sassenberg, October 20, 2016, 6.00 pm - technotrans AG has today increased its shareholdings in each of the companies KLH Kältetechnik GmbH (Bad Doberan), KLH Cooling International Pte. Ltd. (Singapore) and Taicang KLH Cooling Systems Co. Ltd. (PR China) by 35 %, bringing them all up to 100 %. The relevant agreements were signed today. These companies have already been included in consolidation by technotrans AG since the 2013 financial year on the basis of its participating interests to date. The purchase price in the lower single-digit millions is being paid in cash. The complete takeover of the shares in the KLH companies follows the successful integration of the business into the laser cooling area, and the Taicang location moreover offers technotrans scope for the strategically important expansion of China business for the entire technotrans Group. The KLH companies latterly generated revenue of some EUR 20 million and currently have around 125 employees. The full press release is available on the internet at www.technotrans.de Contact: technotrans AG, Investor Relations, Katharina Arens, tel. +49 (0)2 5 83301-1890, email: katharina.arens@technotrans.de End of ad hoc information 20.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: technotrans AG Robert-Linnemann-Str. 17 48336 Sassenberg Germany Phone: +49 (0)2583 - 301 - 1000 Fax: +49 (0)2583 - 301 - 1030 E-mail: info@technotrans.de Internet: http://www.technotrans.de ISIN: DE000A0XYGA7 WKN: A0XYGA Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: technotrans acquires remaining 35 percent in KLH Kältetechnik GmbH, KLH Cooling International Pte. Ltd. and Taicang KLH Cooling Systems Co. Ltd.
| Source: EQS Group AG