Gigaset AG

M&A Activity • Aug 1, 2008

News Details

Ad-hoc | 1 August 2008 07:34

ARQUES to acquire 80.2% of Siemens Home and Office Communication Devices

ARQUES Industries AG / Acquisition

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ARQUES to acquire 80.2% of Siemens Home and Office Communication Devices

Starnberg, August 1, 2008 - ARQUES Industries AG (ISIN DE0005156004) has
signed an agreement with Siemens AG to acquire an 80.2% stake in Siemens
Home and Office Communication Devices GmbH & Co. KG (SHC). Closing of the
transaction is planned for October 1, 2008. Regulatory approval is pending.

In the cordless market, SHC is No. 1 supplier in Europe and is also active
in broadband business and trading home entertainment devices. The company
is headquartered in Munich and its revenues in fiscal 2007 totaled €792
million. Two-thirds of the company’s sales are generated by Gigaset
cordless phones. With 2,100 employees, the company has locations in 17
countries and sells its products in around 70 countries. With 1,400
employees, SHC’s advanced production facility in Bocholt, Germany is its
largest location.

Under ARQUES management, SHC is expected to expand its position as best in
class and market leader in the premium price segment. In this connection,
the company’s product portfolio will be focused on high-margin business. A
large number of product innovations – in the area of Voice over IP, for
example – and an expansion of the company’s international business are
expected to generate targeted growth. ARQUES also intends to intensify R&D
investment at research locations in Germany and Poland. To continue placing
innovative SHC products successfully on the market, ARQUES can continue to
use the Siemens brand name for the next two years.

Following the reorganization within the group and the primary focus being
on the three Sectors Energy, Industry and Healthcare, Siemens is selling
this business as it is not core business anymore.

ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: luedemann@arques.de
Public Relations
Christian Schneider
Email: schneider@arques.de
Tel.: +49 (0) 8151/ 651 0

01.08.2008 Financial News transmitted by DGAP

Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: luedemann@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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