Singulus Technologies AG

M&A Activity • Aug 1, 2007

News Details

Ad-hoc | 1 August 2007 07:33

SINGULUS TECHNOLOGIES Acquires Solar Technology Company STANGL

SINGULUS TECHNOLOGIES AG / Merger

Release 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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Ad hoc announcement pursuant to § 15 WpHG

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

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. Growth rates
of 40 – 50 % p.a. are projected for the next couple of years.

'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
still hire up to 50 additional qualified employees this year.

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.

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. The acquisition is part of SINGULUS’ growth strategy, which
targets increasing sales and earnings contribution through the expansion of
SINGULUS' competence in the segment thin-film technology and through
strategic acquisitions.

End of the ad hoc 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
DGAP 01.08.2007

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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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