Meyer Burger Technology AG — M&A Activity 2010

Feb 5, 2010

News Details

Ad-hoc | 5 February 2010 06:18

Roth & Rau AG takes over solar activities of the OTB Group B.V.

Roth & Rau AG / Acquisition

05.02.2010

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

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Roth & Rau AG takes over solar activities of the OTB Group B.V.

Hohenstein-Ernstthal, 05 February 2010 - Roth & Rau AG is to take over from
the OTB Group B.V., Eindhoven, Netherlands, 100% of the shares in that
company's subsidiary OTB Solar B.V. (OTB). OTB's product portfolio consists
of systems and technologies for the solar industry, especially
antireflective coating systems and turnkey production lines for use in the
manufacture of crystalline silicon solar cells. Moreover, OTB's core
competencies also include high-rate PECVD coating processes and industrial
ink-jet printing applications with interesting potential for use in the
production of new, high-efficiency solar cells.

The acquisition will enable Roth & Rau AG to increase its market share as
an equipment supplier for crystalline solar technology and in its turnkey
business. What's more, the company has secured access to new competitive
technologies and is thus pressing further ahead with expanding its product
portfolio.

The purchase price amounts to EUR 35.5 million (including takeover of
financial liabilities). Of this sum, an amount of EUR 30.0 million will be
settled by issuing new Roth & Rau shares by way of a capital increase in
return for non-cash contributions. The capital increase in return for
non-cash contributions will be executed from Authorised Capital II to the
exclusion of subscription rights. The new shares will be subject to a
lockup period of 16 months following issue. The remaining EUR 5.5 million
will be paid in cash. OTB had orders on hand of around EUR 50 million as of
31 January 2010. Accounting for the necessary restructuring charge, Roth &
Rau AG expects to generate synergy effects in terms of costs and to see
positive earnings contributions from OTB from the 2011 financial year
onwards.

05.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 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, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

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