Meyer Burger Technology AG — M&A Activity 2008

Nov 24, 2008

News Details

Corporate | 24 November 2008 11:31

Roth & Rau takes over MUEGGE ELECTRONIC GmbH

Roth & Rau AG / Acquisition

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Roth & Rau takes over MUEGGE ELECTRONIC GmbH

Hohenstein-Ernstthal, 24 November 2008 – Roth & Rau AG is maintaining its
expansion course with a further acquisition. The company is to take over
its longstanding partner and supplier MUEGGE ELECTRONIC GmbH, based in
Reichelsheim, Hessen, at the earliest possible date. The parties have
agreed to maintain confidentiality concerning the purchase price.

Roth & Rau has already cooperated closely with MUEGGE for 16 years now. The
company supplies Roth & Rau with microwave systems technology, one of the
most important core components for the SiNA antireflective coating
facilities. These systems serve to supply energy to the plasma sources
within the SiNA facilities. They were jointly developed by Roth & Rau and
MUEGGE and have been optimised over the years for use in Roth & Rau
facilities. MUEGGE will generate revenues of around EUR 17.0 million in the
2008 financial year, of which around Euro 10.0 million will be accounted
for by the business with Roth & Rau AG.

'We have worked successfully together with MUEGGE for many years now. The
takeover will allow us to extend our expertise in the field of microwave
systems technology, which represents a core element of our SiNA facility',
commented Dr. Dietmar Roth, CEO of Roth & Rau AG. 'The integration of
MUEGGE’s portfolio will help us to achieve the targeted standardisation of
our facilities and production lines. It will enable us to further step up
the profitability growth already shown in recent months', added company CFO
Carsten Bovenschen.

'In Roth & Rau AG, we are pleased to have found a strong partner for the
further growth of our company. We aim to build on the close cooperation
already in place and to press ahead together with our product development.
This will enable us to safeguard proprietary requirements at Roth & Rau AG
and to enhance the conditions for further expanding our leading position in
our core business of microwave and plasma technology,' said Klaus J.
Muegge, Managing Director of MUEGGE ELECTRONIC GmbH.

About Roth & Rau AG:
Roth & Rau AG based in Hohenstein-Ernstthal (ISIN DE000A0JCZ51) is by
market share one of the world’s leading suppliers of plasma process systems
for the photovoltaics industry. Furthermore Roth & Rau supplies components
and process systems based on plasma and ion beam technology for other
sectors. Developed by Roth & Rau, these products are manufactured and
distributed worldwide through the company’s photovoltaic and plasma and ion
beam technology divisions. Roth & Rau’s photovoltaic division focuses on
providing antireflective coating facilities as well as fully automated
manufacturing lines (turnkey production lines) for the production of
crystalline silicon solar cells. Another focus is on the production of
equipment for the coating of thin film solar modules. The plasma and ion
beam technology division, which accounted for 6 percent of total sales in
the 2007 financial year, produces plasma sources and ion beam sources as
well as process systems for plasma and ion beam enhanced thin film and
surface processing methods. Customers served by this division include, in
particular, companies in the semiconductor and automotive industries, R&D
departments in various industries including photovoltaics as well as
research institutes and universities. Roth & Rau AG posted sales of EUR 146
million and EBIT of EUR 14 million pursuant to IFRS for the 2007 financial
year and had an average of 190 employees. Sales in the first nine months of
the year amounted to EUR 197 million, with EBIT coming in at EUR 21
million.

Contact:
Haubrok Investor Relations GmbH
Simone Gorny
Kaistraße 16
40221 Düsseldorf
Tel.: +49 (0) 211/30126-130
Fax: +49 (0)211/30126-5130
E-Mail: s.gorny@haubrok.de

24.11.2008 Financial News transmitted by DGAP

Language: English
Issuer: Roth & Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Deutschland
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: info@roth-rau.de
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf

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