Manz AG — M&A Activity 2007

Dec 19, 2007

News Details

Corporate | 19 December 2007 09:00

Manz Automation AG acquires the engineering company Christian Majer GmbH & Co. KG in Tübingen

Manz Automation AG / Acquisition

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Manz Automation AG acquires the engineering company Christian Majer GmbH &
Co. KG in Tübingen

Acquisition opens up additional capacity to realize growth

Reutlingen, December 19, 2007. Manz Automation AG, one of the world's
leading producers of automation, quality assurance and laser process
technology systems for the photovoltaic and LCD industry, has acquired
Christian Majer GmbH & Co. KG. The companies agreed not to disclose the
purchase price. This acquisition gives Manz access to additional capacity
which will allow it to successfully realize its dynamic growth.

Christian Majer GmbH & Co. KG currently has almost 80 employees, of which
more than 50 are involved in the production and installation of machines.
To date the company has concentrated on engineering for processing paper,
films and packaging. After the acquisition, the production product range is
to be expanded, step by step, to include the production of components and
machinery for Manz Automation. In addition to the manufacture of mechanical
parts, the company also has additional warehouse and assembly halls
available with a total area of around 5,200 m². As the company already
assembles component groups for Manz on a job-order basis and is located
less than 10 kilometers from Manz AG's headquarters in Reutlingen, the
Managing Board believes that expanding the production range will progress
rapidly.

Dieter Manz, Manz Automation's CEO commented on the reasons for the
acquisition: 'This acquisition adds 80 excellently trained employees to our
staff rising the number of people up to more than 400 employees worldwide.
This will make a key contribution to combating our capacity bottlenecks –
which have increased as a result of the rapid increase in our order book
over the past few months. The acquisition also lays the foundations for
continued strong growth.'

Christian Majer GmbH & Co. KG was sold due to the lack of a suitable
successor. The acquisition is effective as of January 1, 2008.

Company profile

Manz Automation AG develops and manufactures systems and components for
automation, quality assurance and laser process technology. The company's
core competences are to be found in robotics, image processing, laser
technology and control technology. Manz Automation AG thus unites bundled
expertise from elementary technology areas to achieve optimum results for
its customers. The company has three divisions: photovoltaic
(systems.solar), LCD (systems.lcd) and components and OEM systems
(systems.aico) for automation in various sectors of industry. In addition,
Manz Automation AG is planning to equip laboratory systems in the
pharmaceuticals and life science sector with its technology (systems.lab).
Reutlingen-based Manz Automation AG was formed in 1987 and has branches in
the USA, Taiwan, Korea, China and Hungary. In fiscal year 2006 the Manz
group recorded total operating revenue totaling around EUR 44 million, up
almost 50% year-on-year. More than 60% of revenues are recorded abroad, in
particular in Asia.

Manz Automation AG
Birte-Christina Benecke
Tel.: +49 (0)7121 – 9000-21
Fax: +49 (0)7121 – 9000-99
e-mail: bbenecke@manz-automation.com

Investor Relations
cometis AG
Ulrich Wiehle
Tel: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
e-mail: wiehle@cometis.de

19.12.2007 Financial News transmitted by DGAP