Masterflex SE — M&A Activity 2005

Feb 18, 2005

News Details

Corporate | 18 February 2005 14:47

Masterflex AG acquires remaining shares of two of it’s subsidiaries

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— P R E S S R E L E A S E Masterflex AG acquires remaining shares in DICOTA GmbH and Novoplast Schlauchtechnik GmbH Gelsenkirchen, February 18, 2005. Gelsenkirchen-based Masterflex AG (ISIN DE 0005492938) has exercised its call option and acquired the remaining 49.98% in DICOTA GmbH, Bietigheim-Bissingen, and the remaining 30% in Novoplast Schlauchtechnik GmbH, Halberstadt. The parties to the transactions agreed not to disclose the purchase price in both cases. DICOTA GmbH, which has been part of the Masterflex Group since August 2001, is one of the top suppliers worldwide in the mobile office segment, i.e. mobile computing equipment. Since then, DICOTA has developed extremely successfully, with annual double-digit revenue and earnings growth. The mobile office segment is set to expand in the future: studies show that in 2004, the market for computers and notebooks grew by 11.8%. The Board of Masterflex AG therefore sees substantial growth potential for the further successful development of its subsidiary. Masterflex AG has acquired the 30% interest in Novoplast Schlauchtechnik GmbH from the company’s long-standing managing directors, one of whom is retiring. Novoplast Schlauchtechnik GmbH is the oldest subsidiary in the Masterflex Group, having joined in 1991. It is a successful producer of high-tech hose systems. The medical technology area was expanded substantially over recent years. Medical hoses and components are produced on one of Europe’s most advanced micro-extrusion systems. Masterflex Board member Detlef Herzog comments: “We see substantial growth potential in Novoplast Schlauchtechnik GmbH as well, as the material used, polyurethane, can be used not only in industrial, but also in medical technology applications, where it meets the trend towards materials that are free from plasticizers.” For additional information, please contact: Masterflex AG Stephanie Kniep Investor Relations Willy-Brandt-Allee 300 45891 Gelsenkirchen Germany kniep@masterflex.de Tel. +49 209-9707744, Fax +49 209-9707720 www.masterflex.de www.dicota.de www.schlauchtechnik.de end of message, (c)DGAP 18.02.2005 —————————————————————————— WKN: 549 293; ISIN: DE0005492938; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 181447 Feb 05