SÜSS MicroTec SE

M&A Activity • Jan 17, 2002

News Details

Ad-hoc | 17 January 2002 23:20

Süss Micro Tec AG english

SÜSS MicroTec Strengthens Position in Wafer-Technology with Asset Deal Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Munich, January 17, 2002. SÜSS MicroTec AG, one of the leading producers of packaging and test equipment for the microelectronics industry, announce that they have signed a binding agreement to acquire out of bankruptcy all assets, including order back-log, of B.L.E. Laboratory Equipment GmbH located in Singen (Bodensee), Germany. The total consideration is Euro 3.7 MM. SÜSS MicroTec do not assume any debt or other liabilities through this transaction nor will it result in the creation of goodwill. B.L.E. expect revenues of Euro 5 MM in FYE March 2002 and have a current order backlog of Euro 2 MM. SÜSS MicroTec expects B.L.E. to contribute more than Euro 5 MM in revenues for calendar year 2002 and do not expect the transaction to be earnings dilutive. B.L.E. develop and produce Spin Coaters for laboratory use in the semiconductor industry. Their products are used in the process development phase and will provide SÜSS with an early entry to the R&D programs of their customers. By taking advantage of SÜSS’ worldwide sales organization, B.L.E.’s leading edge products will enjoy access to SÜSS’ blue chip customer base. Consequently SÜSS, being more closely partnered with their clients during the process development phase, will be in an enhanced competitive position as these products move toward production. B.L.E. have a strong research and product development culture demonstrated by the recent introduction of a production tool for wafer mounting. Their patented technology has been specially adapted for the production of thinned wafers. Devices made from such thinned wafers are experiencing a strong growth phase as decreasing chip size continues to drive product design. “By strengthening our product portfolio of laboratory spin coaters, we will increase customer penetration thereby enhancing our role as a partner to our customers”, according to Dr. Richter, CEO of SÜSS MicroTec AG. “As indicated in our press release yesterday, we will be opportunistic in acquiring, under appropriate financial terms, technology and products that extend our market position.” Contact: Süss MicroTec AG, Barbara v. Jan, Investor Relations, Tel.: +40(0)89-32007-314 end of ad-hoc-announcement (c)DGAP 17.01.2002 ——————————————————————————– WKN: 722670; ISIN: DE0007226706; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 172320 Jän 02