SMARTRAC N.V. / Key word(s): Mergers & Acquisitions
14.12.2011 16:09
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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Amsterdam and Jena, December 14, 2011 - SMARTRAC N.V., a leading developer,
manufacturer, and supplier of RFID transponders, announced that the company
signed a contract today with Deutsche Effecten- und
Wechsel-Beteiligungsgesellschaft AG, Jena, Germany, regarding the
acquisition of KSW Microtec AG by SMARTRAC N.V. at an amount of EUR 24
million enterprise value. The purchase price is payable in three tranches.
The first tranche in the amount of EUR 12 million is due at closing of the
acquisition, and the two additional tranches in the amount of EUR 6 million
each will become due on August 31, 2012 and December 31, 2013,
respectively. The acquisition is subject to standard closing conditions.
KSW Microtec AG (KSW) and the totality of its 72 employees will continue
their business activity in Dresden under the new ownership.
KSW and SMARTRAC have very similar positions in the global RFID value
chain. Thus, the acquisition will not create any channel conflicts. The
long-term expertise of KSW in the high frequency (HF) and ultra-high
frequency (UHF) RFID inlay production and proprietary know-how of KSW are
expected to contribute to strengthening SMARTRAC's technology base.
Synergies are also expected to result from joint research and development
activities.
Forward-looking statements:
To the extent that this ad hoc release contains forward-looking statements,
such statements are based on assumptions, planning, and forecasts at the
time of publication of this ad hoc release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions, and other factors may
cause the actual results to be materially different from the assumptions,
planning, and forecasts at the time of publication of this ad hoc release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this ad hoc release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this ad hoc release.
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Information and Explaination of the Issuer to this News:
About DEWB:
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB AG, ISIN:
DE0008041005) is a listed private equity house that specialises in young
and established medium-sized companies. The investment focus is on strong
growth companies from the areas of photonics and sensor systems for which
DEWB provides support through shareholders' equity, expertise in corporate
development and its sector network. The regional focus lies in the German
speaking countries (D, A, CH). Since 1997 DEWB has invested more than 360
million Euros in 55 companies and realized more than 465 million Euros
through 42 exits, eight of which were in the form of IPOs. The company is
located in Jena, one of the most successful technology and science regions
in Germany, with a long tradition in the field of optical technologies and
one of the most important European centres for photonics.
About KSW Microtec AG:
KSW Microtec AG, founded in 1994, with its headquarters in Germany, is one
of the world's leading suppliers of contactless components for applications
such as Access Control, eGovernment, ePayment, eTicketing and Asset
Management. KSW combines successfully high-end wafer processing, extremely
efficient assembly and lamination technology and far-reaching expertise in
design. KSW has earned itself a leading position on the market as innovator
and one of the most efficient, and simultaneously most flexible, producers
of RFID components. For more information visit: www.ksw-microtec.de
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad range of applications in all current frequency
standards. The company produces both ready-made and customized transponders
for public transport, access control, RFID-based car immobilizers, animal
identification, libraries, industry, and logistics.
SMARTRAC is one of the global market leaders in high-quality RFID inlays
for electronic passports (e-passports) and contactless credit cards
(e-payment) as well as for RFID transponders for public transportation
applications. SMARTRAC was founded in 2000, went public in July 2006, and
trades as a stock corporation under Dutch law with its registered
headquarters in Amsterdam. The company currently employs some 3,300
employees and maintains a global research and development, production, and
sales network.
Ihre Fragen beantwortet:
Tanja Moehler
SMARTRAC N.V.
Head of Corporate Communications & Marketing
Tel: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com
Internet: www.smartrac-group.com
14.12.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Netherlands
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations@smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: SMARTRAC signs purchase agreement to acquire KSW Microtec AG
| Source: EQS Group AG