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RNS - technotrans takes over Termotek to develop new key area

Company: technotrans SE Date: 2011-01-06 Language: English Register to download

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 News Details

Ad-hoc | 6 January 2011 07:04

#   

technotrans takes over Termotek to develop new key area

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

06.01.2011 07:04

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 Board of Management of technotrans AG (Sassenberg), a systems supplier
focusing on applications in the printing industry, today resolved, with the
agreement of the Supervisory Board, to exercise the option to purchase a
majority interest in Termotek AG (Baden-Baden), a specialist supplier of
laser cooling systems. The transaction is to take effect retroactively from
January 1, 2011.

The two companies have latterly been working successfully together in the
development, purchasing, production and sales areas. 'We have come to the
conclusion that there is huge scope for synergies,' declared Henry
Brickenkamp, spokesman of the Board of Management of technotrans AG. 'In
moving into the market for laser applications, we are also tapping a
dynamic growth area of the future. In our view, the fact that laser
technology is used in a wide range of industries also nicely complements
the extremely cyclical printing press market. Termotek will play an
important role in our strategy of earning around 30 percent of our revenue
outside the printing industry in three to five years' time.

The Termotek AG product range comprises temperature control units for
lasers in various fields, mainly in the semiconductor industry, medical
devices, laser marking systems and plastic welding. Founder and Board of
Management Chairman Frank Domnick will continue to run the company, which
has 50 employees and posted revenue of around EUR 7 million in 2010. As
part of the technotrans Group, Termotek will be able to use technotrans'
worldwide sales and service network to gain access to international
customer groups. Higher-performance laser solutions and combined
temperature control and filtration systems will also be added to the
product range.

Further information:
http://ttis.technotrans.de/
http://www.termotek-ag.com

Contact: technotrans AG, Investor Relations, Thessa Roderig, Tel. +49 2583
301 1887, e-mail thessa.roderig@technotrans.de


06.01.2011 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:      technotrans AG
              Robert-Linnemann-Str. 17
              48336 Sassenberg
              Deutschland
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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