AT&S Austria Technologie & Systemtechnik AG

M&A Activity • Jan 8, 2003

News Details

Ad-hoc | 8 January 2003 08:49

AT&S AG english

Offer to Acquire PCB Business of AIK (Asset Deal) Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Leoben, Austria, January 8, 2003: AT&S Austria Technologie & Systemtechnik AG has submitted an offer to take over all of the PCB-related assets of AIK Electronics Austria, which recently became insolvent. According to the offer the take-over would become effective February 1, 2003. In the next fiscal year 2003/2004 this transaction would be expected to generate revenues of around EUR 14 million while not affecting net income. This step has the following strategic implications: -Diversify customer base -Better fulfil customers’ desire for one-stop-shopping -Further improve specialization of production facilities -Labour-intense manufacturing in Hungary -Serve local markets (particularly in the automotive and the industrial electronics segments) with highest possible flexibility -Specialized single-sided PCB-products with high-tech features If you have any inquiries please contact Manfred Weierer, Investor Relations, Tel: +43-664-4616348, E-Mail: m.weierer@ats.net. end of ad-hoc-announcement (c)DGAP 08.01.2003 ——————————————————————————– WKN: 922 230; ISIN: AT0000969985; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 080849 Jän 03