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TAR - technotrans AG: technotrans acquires majority interest in KLH Kaltetechnik

Company: technotrans SE Date: 2012-12-12 Language: English Register to download

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 News Details

Ad-hoc | 12 December 2012 10:47

#   

technotrans AG: technotrans acquires majority interest in KLH Kältetechnik

**technotrans AG  / Key word(s): Acquisition**

12.12.2012 10:47

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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The technotrans group is building on its core skills in the area of
temperature control technology through the acquisition of 65 % of the
shares of KLH Kältetechnik GmbH with registered office in Bad Doberan as
well as of KLH Cooling International Pte. Ltd., Singapore, and Taicang KLH
Cooling Systems Co. Ltd. (PR China), with effect from January 1, 2013. The
relevant agreements were signed today. Through KLH Kältetechnik, the
technotrans Group is significantly stepping up its activities in the area
of laser applications and developing into a unique full-liner in laser
cooling: its complete product range of cooling systems now includes
equipment in performance categories starting at a few watts offered by
Termotek AG, all the way up to 1 MW systems from KLH, manufactured on both
small and industrial scales. KLH's customers include leading manufacturers
of laser applications, as well as customers from the machine tool and food
industries.

KLH Kältetechnik currently employs around 100 people and will post revenue
of more than EUR 15 million in 2012. The purchase price for the investment,
which comprises a fixed and a variable component, is in the mid-range
single-digit millions. Daniel Selck will remain involved in the company's
successful development as its Managing Director.

The full press release is available at www.technotrans.de, News.

Contact: technotrans AG, Investor Relations, Thessa Roderig, phone +49 (0)
2583 / 301-1887, e-mail thessa.roderig@technotrans.de


12.12.2012 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:      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:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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