UET United Electronic Technology AG

M&A Activity • Mar 1, 2017

News Details

Ad-hoc | 1 March 2017 08:06

UET United Electronic Technology AG sells business area MANUFACTURING to CCS Group

UET United Electronic Technology AG / Key word(s): Disposal/Miscellaneous

01-March-2017 / 08:06 CET/CEST
Disclosure of an inside information acc. 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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• Sale of substantial assets of Letron Electronic

• Letter of Intent for the acquisition of substantial assets of NewTal
  Elektronik + Systeme

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
announces that it has entered into an agreement with the international CCS
Group (www.ccsedms.com) to acquire substantial assets of Letron Electronic.
Under the terms of the agreement the existing customer relationships and
some of the existing employees are also taken over by the CCS Group.

In addition, UET Group and CCS Group have signed a Letter of Intent, in
which the sale of essential assets of NewTal Elektronik + Systeme was
agreed. The intended transaction involves all existing customer
relationships being taken over by the CCS Group. It is planned to continue
the production site in Neu-Ulm within the CCS Group. Final agreements will
be finalised within the next 4 weeks.

The total value of both transactions amounts to around 4.0 mn EUR. The
planned income is intended primarily to reduce existing trade liabilities
and to ensure the on-going development of the SYSTEMS and SERVICE business.

Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn

Sebastian Schubert
Investor Relations
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com

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01-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
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 Language:    English
 Company:     UET United Electronic Technology AG
              Frankfurter Straße 80-82
              65760 Eschborn
              Germany
 Phone:       +49 (0)6196-7777550
 Fax:         +49 (0)6196-7777559
 E-mail:      investor@uet-group.com
 Internet:    www.uet-group.com
 ISIN:        DE000A0LBKW6
 WKN:         A0LBKW
 Listed:      Regulated Unofficial Market in Berlin, Dusseldorf,
              Stuttgart; Open Market (Basic Board) in Frankfurt



 End of Announcement    DGAP News Service