CeoTronics AG

M&A Activity • Jan 3, 2002

News Details

Ad-hoc | 3 January 2002 08:27

CeoTronics AG english

CeoTronics acquires 75% of AACOM / Extension of distribution in Poland Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The Neuer Markt-listed CeoTronics AG Audio Video Data Communication (WKN 540 740) takes over the majority of shares = 75% of AACOM Acoustics & Communication Ltd., Lodz/Poland. 25% of the company shares will remain with the former and future Managing Director Jaroslaw Pilarski. The responsibility for operations and the legitimacy of dividends for CeoTronics will already begin from January 1, 2002 onwards. As additional Managing Director of AACOM will be appointed Thomas H. Guenther. Since seven years AACOM works successfully as a distribution company for CeoTronics in Poland and concentrated mainly on the client group “authorities”. The two companies have agreed not to disclose AACOM’s sales figures or the selling price. end of ad-hoc-announcement (c)DGAP 03.01.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: This strategic acquisition is not a new beginning for CeoTronics in Poland but a transition from a successful distribution cooperation to a complete market penetration as a full CeoTronics company. With this prolonging of the value adding chain CeoTronics will now be able to use its marketing and sales expertise to further develop sales of CeoTronics products in Poland. Despite the given maxim “profitability goes before growth” CeoTronics invests moderately to increase its market leader position to be prepared for the time after the world wide synchronization of the economic downswing. CeoTronics confirms the forecasts of a sales increase of about 13% and a positive net-income for the current business year, explains CeoTronics Chairman and CEO Hans-Dieter Guenther. The report for the first two quarters of the current business year as of November 30, 2001 will be published on January 21, 2002. Further information: CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Str. 6 D-63322 Rödermark (Germany) Tel: +49-(0)6074-8751-722 Fax: +49-(0)6074-8751-720 E-mail: chairman@ceotronics.com Internet: http://www.ceotronics.com ——————————————————————————– WKN: 540740; ISIN: DE0005407407; Index: Listed: Neuer Markt Frankfurt Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 030827 Jän 02