Manz AG — M&A Activity 2011

Nov 15, 2011

News Details

Ad-hoc | 15 November 2011 07:33

Manz AG: Manz AG: Planned takeover of Würth Solar’s CIGS innovation line in Schwäbisch Hall

Manz AG / Key word(s): Strategic Company Decision

15.11.2011 07:33

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Reutlingen, November 15, 2011 - Manz AG is planning to acquire the CIGS
production line located at Schwäbisch Hall from Würth Solar GmbH & Co. KG.
This production line is planned to be first converted into an innovation
line for the further development of CIGS production and process technology.
A total of 116 Würth Solar employees are to be integrated into the Manz
Group as part of the acquisition of the entire CIGS technology. The new
innovation factory is primarily intended to serve research and development
with the focus being on accelerating further technological development, and
the related reduction of production costs and boosting of module
efficiencies.

Along with the production site, Manz is also acquiring licences and
know-how from Würth Solar, including from the research co-operation venture
with the Centre for Solar Energy and Hydrogen Research Baden-Württemberg
(ZSW), and without further one-off costs. The know-how licensing and
co-operation agreement that was concluded in 2010 will be replaced when the
new agreement is concluded. This will dispense with the second tranche that
was agreed in the original contract, which would have been due when the
first CIGSfab was sold. To offset this, Manz will adopt most of the ongoing
costs for the innovation line. The takeover should be concluded by early
2012.

This planned step allows both co-operation partners to successfully
continue their collaboration of many years, with Manz focusing on the
further technological development of the CIGS technology. Würth Solar will
continue to be responsible for future sales of the CIGS modules that are
produced on the innovation line, thereby concentrating clearly on its core
competence of marketing photovoltaic modules and solutions.

Additional information:

ISIN: DE000A0JQ5U3
German Securities Identification Number (WKN) of the shares: A0JQ5U
Trading symbol: M5Z
Trading segment: Regulated market (Prime Standard) of the Frankfurt Stock
Exchange

Manz AG
Steigäckerstraße 5
72768 Reutlingen
Germany

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

Public relations contact:

Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-Mail: abartmann@manz.com

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

End of Announcement DGAP News-Service

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