First Sensor AG

M&A Activity • Dec 21, 2001

News Details

Ad-hoc | 21 December 2001 08:25

Silicon Sensor Int. AG english

Solventis AG take over 36 per cent shares of Pacific Silicon Sensor Inc. USA Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Solventis Beteiligungen AG take over 36 per cent shares of Pacific Silicon Sensor Inc. USA Silicon Sensor International AG has signed an agreement with Solventis Beteiligungen AG providing for the acquisition by Solventis of a 36% interest in SSI’s U.S. subsidiary Pacific Silicon Sensor Inc. The investment underlines the good prospects for the SSI Group’s subsidiary which is scheduled to more than double its turnover in 2001 compared with the previous year. Despite difficult market conditions in the U.S., Pacific Silicon Sensor Inc. will seek 100% growth and reach the break-even point in 2002. Through its subsidiary, the Silicon Sensor Group expects to raise the share of the U.S. market in its consolidated sales, from just under 4% in 2001 to 8% in 2002 and 12% in 2003. While optical high-end sensors from Silicon Sensor have greatly helped customers to make innovative products, it normally takes some time to build the necessary close and trusting ties, which is exactly what the subsidiary has been doing over the past 24 months. In view of commercial links established in the meantime, the executive board sees good future potential for the development of Pacific Silicon Sensor Inc.. Berlin, 12-21-01 Silicon Sensor International AG Board of Directors end of ad-hoc-announcement (c)DGAP 21.12.2001 ——————————————————————————– WKN: 720190; ISIN: DE0007201907; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 210825 Dez 01