DGAP-Adhoc: Augusta Technologie AG acquires VDS Vosskühler GmbH

 | Source: EQS Group AG EQS Group AG 

Augusta Technologie AG  / Key word(s): Mergers & Acquisitions/Acquisition

26.01.2011 12:52

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AUGUSTA Expands Its Vision Technology Segment by Acquiring VDS Vosskühler
GmbH

  - Addition in the field of infrared cameras and OEM business

  - Acquisition of 100 percent by AUGUSTA subsidiary Allied Version
    Technologies GmbH

  - Expansion of the product spectrum and technological expertise with
    infrared cameras and digital cameras for special customer-specific
    applications

  - Expansion of the OEM customer base in the fields of traffic, medical,
    and security technology


Munich, January 26, 2011. Through  its wholly-owned subsidiary Allied
Vision Technologies (AVT), the sensor technology and digital imaging
specialist AUGUSTA Technologie AG (ISIN DE000A0D6612) has acquired VDS
Vosskühler GmbH, a company established in 1985 and focuses on infrared
cameras and digital cameras for special applications. Over the past 25
years, the company has developed important relationships with large
customers in the fields of industrial automation, medical technology,
security, and traffic automation. In the financial year 2010, VDS
Vosskühler generated revenues amounting to more than EUR 6 million, with an
operating profit well above the market average. The company is based in
Osnabrück, Germany, and has around 20 employees. The purchase price for 100
percent of the interests amounts to approximately EUR 11 million, half of
which is financed with capital resources of the AUGUSTA Group and the other
half with debt capital. The acquisition takes place retroactively as of
January 1, 2011.

The operating activities and employees of VDS Vosskühler will be integrated
into the AUGUSTA subsidiary Allied Vision Technologies. The new director of
VDS Vosskühler is Mr. Frank Grube, who will also continue to be in charge
of the AVT Group as President and CEO. The acquisition of VDS Vosskühler
represents another step in AUGUSTA's acquisition strategy in the field of
vision technology and further expands the company's market competence in
the field of digital cameras.


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




26.01.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
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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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