Softing AG  / Key word(s): Acquisition

22.05.2014 22:06

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Haar/ Knoxville, May 22nd, 2014

Today Softing North America Holding Inc., a 100% subsidiary of Softing AG,
signed a stock purchase agreement with the owners of Online Development
Inc. (OLDI) in Knoxville, Tennessee (USA) concerning the acquisition of all
of their shares by Softing. The transfer of the shares will be executed on
the completion of remaining conditions which are expected to materialize by
May 31st, 2014.The purchase price ranges between $20 million and $30
million, depending of the future performance of OLDI.

In 2014 OLDI expects to exceed $20 million in revenue. At this point no
estimate about the EBIT-contribution of OLDI to Softing can be made due to
structural fiscal changes, acquisition and integration related expenses and
the remaining need of a purchase price allocation.

For over 20 years OLDI designs and manufactures factory automation products
related to control and communication tasks. OLDI's business almost
perfectly complements Softing's product portfolio in the core business of
Softing's Industrial Automation segment. OLDI is a Rockwell Automation
Global Encompass Partner, a member of the Control Systems Integrators
Association and ODVA and participates in partner programs from IBM,
Microsoft and Oracle. By acquiring OLDI, Softing profits from the dynamic
growth in the US industrial automation market. The acquisition leads to an
almost equal representation of Softing in two of the three biggest
automation markets worldwide, reducing Softing's risk exposure to the
European market.

About Softing AG
Softing is a global management holding company. The companies of the
Softing Group produce and market hardware and software for in the
industrial automation and automotive electronics segments. They develop
high-quality standard technology products and customized solutions in close
cooperation with their customers. Both of Softing's business segments
operate in growth markets. Softing aims at achieving sustainable
profitability with double-digit sales growth annually.

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Language:     English
Company:      Softing AG
              Richard-Reitzner-Allee 6
              85540 Haar
Phone:        +49 (0)89 456 56-333
Fax:          +49 (0)89 456 56-399
ISIN:         DE0005178008
WKN:          517800
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement                             DGAP News-Service