Singulus Technologies AG

M&A Activity • Aug 1, 2007

News Details

Corporate | 1 August 2007 07:45

SINGULUS TECHNOLOGIES Acquires Solar Technology Company STANGL

SINGULUS TECHNOLOGIES AG / Acquisition

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Press release

SINGULUS TECHNOLOGIES Acquires Solar Technology Company STANGL

• Instant market access to fast growing solar industry achieved

• Cooperation in thin-film technology targets leading market position as
  machine supplier

• SINGULUS-CEO Baustert: 'STANGL is a highly profitable company, which
  enables us immediate access to the strategically very important market
  of the booming solar industry.'

Kahl am Main, August 1, 2007 - The SINGULUS TECHNOLOGIES AG (SINGULUS),
Kahl, acquires 51 % of the STANGL Semiconductor Equipment AG (STANGL),
Eichenau near Munich. A corresponding agreement was signed Tuesday night.
SINGULUS has an option to buy the remaining shares of STANGL from 2010.
With targeted sales of EUR 30 million in 2007 STANGL is one of the globally
leading suppliers of machines for the wet-chemical processes required in
the areas of the photovoltaics and semi-conductor industries.

'STANGL is the first acquisition beyond our traditional work area of
optical disc production equipment. STANGL is a highly profitable company,
enabling us instant access to the strategically very important market of
the booming solar industry', comments Stefan A. Baustert, Chief Executive
Officer of the SINGULUS TECHNOLOGIES AG.

The purchase price for 51 % of the shares amounts to EUR 43.8 million and
is a combination of a cash and a stock component: The shares will be issued
from the authorized capital, which SINGULUS will use with approximately 25
% for the transaction. The exact data will be available after the expected
closing in September.

STANGL was founded in 1988 as an equipment producer for the semi-conductor
industry and has been producing equipment for the solar cell production for
the past five years. The company manufactures production equipment for
silicon solar cells as well as for thin-film solar cells. Over the years
the company with headquarters in Eichenau near Munich has shown a
continuous growth in sales and earnings through new technologies with its
approximately 100 employees.

SINGULUS itself is now also engaged as an equipment supplier to the solar
industry with this acquisition. SINGULUS already expects the acquisition to
make a significantly positive earnings contribution in 2007. STANGL is
expected to continue its dynamic growth and against this backdrop will hire
up to 50 additional qualified employees this year.

Hans-Jürgen Stangl, Chief Executive Officer of the STANGL Semiconductor
Equipment AG comments: 'With the affiliation to the SINGULUS Group the
growth momentum of STANGL in the market of global solar equipment will even
accelerate. Accordingly, SINGULUS' competence in thin-film technology will
be combined with STANGL’s know-how of wet-chemical processes to further
broaden the production chain for solar cells together. Of course, we also
want to benefit from the advantages of SINGULUS' global sales and service
network.'

SINGULUS will commence a development project in Kahl and thereby produce
its own vacuum coating equipment for solar cells in combination with the
equipment of STANGL by mid-2008. The goal is to advance to a globally
leading position for production lines for solar cells in the next couple of
years.

Stefan A. Baustert notes: 'I'm pleased that Hans-Jürgen and Wolfgang Stangl
have personally committed themselves to our company and that they will be
responsible in leading positions in the new business segment Photovoltaics
in the future as well. This ensures that we will have every opportunity to
jointly take advantage of the solar market achieving above-average growth
with our excellent know-how.'

After the acquisition of STANGL SINGULUS will consistently expand these
activities and develop additional new work areas in the coming months and
years. A large market potential as well as the proximity to SINGULUS’
competencies are the essential factors in examining expansion
opportunities.

SINGULUS’ growth strategy targets higher sales and earnings contributions
through the expansion of SINGULUS' competence in the segment thin-film
technology and through strategic acquisitions. The acquisition of STANGL is
the first step of the implementation of this strategy.

Synergies through complementing competencies

The STANGL Semiconductor Equipment AG employs about 100 people at two
locations. With its products in the solar technology area the company is
present worldwide. More than 80 % of STANGL’s sales are realized with
equipment for the photovoltaics industry.

The remaining share is generated in the semi-conductor, optics and medicine
technology sectors. SINGULUS is the leading supplier of inline production
lines for the manufacturing of optical discs and in addition has growing
semi-conductor activities with its business division Nano Deposition
Technologies. Both companies perfectly complement each other in order to be
able to offer a broad product range of machines and equipment for the
photovoltaics industry in the next couple of years.

While STANGL focuses on wet-chemical processes, SINGULUS’ core competence
is physical coating technology such as sputtering and PECVD as well as the
integration of different processing steps in complete production lines.

End of the press release

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

For further information please contact:

Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 170 920 29 24

Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 170 920 29 24

DGAP 01.08.2007

Language: English
Issuer: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
Phone: +49 (0)6188 440-105
Fax: +49 (0)6188 440-110
E-mail: maren.schuster@singulus.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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