Manz AG — M&A Activity 2009

Sep 7, 2009

News Details

Corporate | 7 September 2009 08:00

Manz Automation AG plans to fully acquire Intech Machines Co. Ltd.

Manz Automation AG / Acquisition

07.09.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

• Manz aims to acquire the remaining 24.4% of Intech Machines Co. Ltd's
  shares with subsequent delisting in Taiwan
• Anticipated investment volume of around EUR 6 million for interest
  outstanding
• Reinforcement of position on high-growth Asian market
• Inclusion in the TecDAX improves international visibility

Reutlingen, September 7, 2009. Manz Automation AG, one of the world's
leading technology providers for the photovoltaic and LCD industries is
planning to acquire a 100% interest in its subsidiary Intech Machines Co.
Ltd. At present, the Reutlingen-based company holds 75.6% of Intech's
shares. The investment volume for the purchase of the remaining interest is
expected to total around EUR 6 million. The company intends to conclude the
acquisition, which will be based on Taiwanese legislation, by the start of
2010.

The Managing Board believes that the transaction will offer the Manz Group
a large number of opportunities. For example, a later delisting of the
subsidiary will allow administrative costs for the existing stock market
listing to be cut. Moreover, Manz will secure additional income by
increasing its interest. Acquiring the whole of Intech gives the company
the latitude to take decisions that it needs to be able to implement
corporate strategies, sales structures, production processes and product
innovations in a target-oriented manner. It will also bolster the company's
consistent use of the cost advantages that Asia offers. Manz believes that
the acquisition significantly improves its competitive position.

Dieter Manz, Manz Automation AG's CEO, explained the reasons for this
strategic step: 'Acquiring Intech Machines last year gave us access to the
technology used in the production of wet-chemical equipment. Therefore we
are able to cover major production stages for the LCD and solar industries.
Taking over the remaining interest will allow us to secure this expertise
in its entirety. At the same time, it will enable us to improve our
opportunities to further reinforce our position on the high-growth Asian
market.'

Based on the decision of the Arbeitskreis Aktienindizes on September 3,
2009, the company's international visibility is further strengthened.
Accordingly, the shares of Manz Automation AG will be included in the
TecDAX as of September 21, 2009. The index contains the 30 largest
technology companies in terms of the free float market capitalization and
the average trading volume.

Company profile: Manz Automation AG

Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the
world's leading technology providers in terms of market shares for systems
for automation, quality assurance and laser process technology for the
photovoltaic industry and for automation and wet chemicals for the LCD
industry. The Manz Group's core competences are in robotics, image
processing, laser technology, metallization and wet chemicals as well as
control and drive technology. The Manz Group's key strategic divisions are
photovoltaic (systems.solar), LCD (systems.lcd) and OEM systems
(systems.aico) for automation in various industrial sectors and the life
science industry. The Manz Group has sales and service branches in Germany,
Taiwan, the USA, China, South Korea, India and Spain. In addition, the Manz
Group has its own production facilities in Germany, Slovakia, Hungary,
Taiwan and China.

Investor relations contact

cometis AG
Ulrich Wiehle / Dominic Großmann
Tel.: +49 (0)611 - 205855-15
Fax: +49 (0)611 - 205855-66
E-Mail: grossmann@cometis.de

07.09.2009 Financial News transmitted by DGAP

---

Language: English
Company: Manz Automation AG
Steigäckerstr. 5
72768 Reutlingen
Deutschland
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: info@manz-automation.com
Internet: http://www.manz-automation.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

---