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Manz AG — M&A Activity 2008
Feb 1, 2008
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M&A Activity
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Corporate | 1 February 2008 08:31
Manz Automation AG doubles capacity via an acquisition in Slovakia
Manz Automation AG / Acquisition
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
• Acquisition of 90% interest in Böhm Electronic Systems Slowakei s.r.o.
for around EUR 4.3 million
Reutlingen, February 1, 2008. 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 a
90% interest in Böhm Electronic Systems Slowakei s.r.o. The company has
been acquired as of February 1, 2008 for a purchase price of EUR 4.3
million. Acquiring this Slovakian engineering company has doubled Manz
Automation's production and warehouse capacity, enabling it to produce
entire systems in Slovakia, a low-cost location.
The company based in Nove Mesto nad Vahom (Slovakia) is a former Steag
Hamatech AG production facility and currently has 270 employees. In the
past, the production program focused on CD and DVD equipment for the former
parent company, as well as job-order production for Manz Automation and
additional international customers from the semi-conductor industry. Böhm
recorded revenues of more than EUR 45 million in fiscal year 2007. After
the completion of the acquisition the Slovakian company will take over
parts of the significantly grown production for Manz Automation. This
includes the production and processing of complete systems, including
procuring the components and taking the systems into operation. The
acquisition of Böhm Electronic Systems Slowakie s.r.o. means that the Manz
Group has an additional 11,400 m² of assembly and warehouse space, of which
around 1,300 m² is for cleanroom assembly, with an additional 3,800 m² of
office space.
Dieter Manz, Manz Automation's CEO, is very pleased with the successful
transaction: 'After our acquisition of Christian Majer GmbH & Co. KG in
December 2007, this is the second successful acquisition in our company's
recent history. We are thus fulfilling the conditions required to implement
our ambitious plans for growth – as we now have additional production and
warehouse capacity as well as access to more than 200 experienced,
excellently trained specialist employees, technicians and engineers.'
Further acquisitions to expand technology and capacity are planned for the
current fiscal year in view of the surging order intake.
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. The total revenues of the Manz
group after nine month in fiscal year 2007 rose to approximately EUR 46.8
million, up almost 50% year-on-year. More than 60% of revenues are recorded
abroad, in particular in Asia.
Contact
Manz Automation AG
Birte-Christina Benecke
Tel.: +49 (0)7121 – 9000-21
Fax: +49 (0)7121 – 9000-99
e-mail: [email protected]
Investor Relations
cometis AG
Ulrich Wiehle
Tel: +49 (0)611 – 205855-11
Fax: +49 (0)611 – 205855-66
e-mail: [email protected]