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RNS - CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG acquires NewTal Elektronik und Systeme GmbH

Company: UET United Electronic Technology AG Date: 2010-12-22 Language: English Register to download

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 News Details

Corporate | 22 December 2010 09:05

#   

CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG acquires NewTal Elektronik und Systeme GmbH

  

CFC Industriebeteiligungen AG / Key word(s): Acquisition  

CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG acquires NewTal Elektronik und Systeme GmbH  

  

22.12.2010 / 09:05  

**CFC Industriebeteiligungen AG acquires NewTal Elektronik und Systeme GmbH**

– CFC Industriebeteiligungen acquires NewTal Elektronik und Systeme GmbH

– Expansion of the business unit 'Electronic Manufacturing Services – EMS'

Dortmund, December 22, 2010

CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, has signed a purchase agreement to acquire 100% of the shares of NewTal Elektronik und Systeme GmbH. NewTal has been owned by the previous managing partners, who acquired the company through an MBO in 2002. The purchase price of the transaction will not be disclosed. The transaction is subject to closing conditions in favour of CFC, which are expected to be fulfilled in January 2011.

The company, which is headquartered in Neu-Ulm, has established itself as a reliable partner for its customers in Southern Germany. With its 65 employees, NewTal generates sales of roughly EUR 10 million in the fiscal year 2010.

Similar to Letron electronic GmbH, a company already owned by CFC, NewTal Elektronik und Systeme GmbH develops, manufactures, and sells electronic components and systems. The combination of the homogenous product and service portfolios and the complementary distribution structures will result in extensive synergies and growth potential for both companies.

Thus, CFC consequently expands its successfully developed activities in the segment Electronic Manufacturing Services – EMS.

contact:

CFC Industriebeteiligungen AG  

Westfalendamm 9  

44141 Dortmund

Jan Philipp Gieselberg

Phone: + 49 (0) 231 222 40 500  

E-Mail: info@cfc.eu.com

  

  

  

Contact:  

CFC Industriebeteiligungen AG  

Phone: +49 231 222 40 500  

Fax: +49 231 222 40 501  

eMail: info@cfc.eu.com

  

  

End of Corporate News  

  

  

22.12.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.  

The issuer is solely responsible for the content of this announcement.  

  

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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107317  22.12.2010