First Sensor AG

M&A Activity • Sep 29, 2011

News Details

Ad-hoc | 29 September 2011 20:31

First Sensor AG: First Sensor aquires Augusta Technologie AG’s entire Sensortechnics group, becoming one of the largest global suppliers of specialized sensor solutions

First Sensor AG / Key word(s): Acquisition

29.09.2011 20:31

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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September 29, 2011

First Sensor acquires Augusta Technologie AG's entire Sensortechnics group,
becoming one of the largest global suppliers of specialized sensor
solutions

First Sensor AG reached an agreement today with Augusta Technologie AG
regarding the purchase of 100% of the shares in the Sensortechnics Group,
which is made up of Sensortechnics GmbH (Puchheim, Germany), Elbau GmbH
(Berlin, Germany), Elbau Singapore Pte. Ltd., Klay Instruments BV
(Netherlands), Pressure & Flow Ltd. (England), Sensortechnics Inc. (USA),
Sensortechnics Corp. (Canada), as well as Sensortechnics Scandinavia AB
(Sweden). The purchase price, which was divided into several, partially
performance-related installments, amounted to several tens of millions.

The Sensortechnics Group will add more than EUR60 million to sales for
First Sensor AG, which will therefore more than double its group sales next
year. With expected total sales for 2012 estimated at least EUR115 million,
more than 750 employees and over 4,000 customers worldwide, First Sensor AG
has become a leading global developer and manufacturer of high-quality
sensor solutions. According to initial projections, First Sensor AG is
planning an operating result (EBITA) of approximately EUR14 million for
2012.

With the acquisition of the Sensortechnics Group, First Sensor AG
strengthened its market position and solution competence in the field of
Life Science and significantly supplemented its existing, industry-specific
product portfolio focusing on the areas of Mobility, Industrial and
Security.

In the past, the Sensortechnics Group acted as an independent sub-group of
Augusta Technologie AG and was always profitable. The management members of
both companies had already cooperated closely and confidently on a series
of mutual projects in the past. They formally welcome the merger between
First Sensor AG and Sensortechnics Group and look forward to the future
joint collaboration.

Synergies in the seven-figure range are expected to be realized in the
coming years due to the merger.

Aside from taking on a long-term bank loan, a capital increase from
authorized company capital will be undertaken to finance the transaction.
This will take place with the issue of 3,312 million new First Sensor AG
shares. The capital increase was resolved today by the First Sensor AG
executive board and approved by the Supervisory Board. Shareholders are
granted subscription rights in a 2:1 ratio and the option of additional
subscription. The subscription offer is expected to be released on October
6, 2011. The subscription period is expected to begin on October 7, 2011
and end on 21 October, 2011. The subscription price for the new shares will
be EUR10.00 per share. The subscription offer is aimed exclusively at First
Sensor AG shareholders; there will be no trading of subscription rights.
The capital increase will be managed by M.M. Warburg & CO.

Funds advised by the DPE Deutsche Private Equity GmbH ('DPE') have
guaranteed the capital increase of First Sensor AG significantly, subject
to the shareholder's subscription right, and therefore are ensuring the
successful execution of the capital measure by exercising their respective
subscription and multiple subscription rights. In the course of this PIPE
transaction (Private Investment in Public Equity), DPE will become an
additional significant anchor shareholder of First Sensor AG with the
intention of supervising and encouraging further strong growth of the group
in the long term.

For more information on the company, please visit www.first-sensor.com or
call us on
Tel.: +49 30 6399 23-710.

First Sensor AG
Executive Board

Information and stipulations of the issuers of this notification

First Sensor AG will offer a telephone conference with Dr. Hans-Georg
Giering (CEO) and Dr. Ingo Stein (CFO) regarding the content of this ad-hoc
notice on September 30, 2011 at 11:00 am CEST for analysts and journalists.
To receive dial-up details for participation, register with First Sensor AG
using the following telephone number: +49 30 6399 23 710 or via e-mail to
ir@first-sensor.com.

About First Sensor

First Sensor AG is a leading supplier of custom sensor solutions for highly
sophisticated requirements in the Life Science, Industrial, Mobility,
Security and Aerospace sectors. In 2010 First Sensor achieved annual sales
of EUR45.2 million, employing more than 400 people worldwide. Founded 1991
in Berlin, Germany, First Sensor has been listed on the Frankfurt Stock
Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN DE0007201907 Ι
SIS].

About Sensortechnics

The Sensortechnics group specializes in the development and distribution of
high-quality sensor solutions, including in the medical engineering sector.
Furthermore, Sensortechnics GmbH owns Elbau GmbH, developer and
manufacturer of sensor modules, and Klay B.V., which specializes in
industrial solutions.

About DPE

DPE Deutsche Private Equity GmbH is an independent German investment
company which uses funds advised by it to make expansion capital available
to companies from sectors with long-term, fundamentally sound growth
prospects. The Parcom Deutschland I fund is endowed with a committed equity
of EUR250 million.

Additional information about DPE can be found at www.pdpe.de

29.09.2011 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: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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