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OHB SE — M&A Activity 2007
Sep 19, 2007
315_rns_2007-09-19_ca9e5462-960b-4357-be00-fda699353f8c.html
M&A Activity
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News Details
Ad-hoc | 19 September 2007 16:57
OHB Technology AG: OHB Technology made strategic investment in US space technology company SpaceDev Inc.
OHB Technology AG / Strategic Company Decision
Release 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.
OHB Technology made strategic investment in US space technology company
SpaceDev Inc.
- 19 % shareholding in form of common stock sale of approximatelyUSD 4.4
million - US listed SpaceDev Inc. offers direct access to US aerospace market
Bremen, September 19, 2007. Prime Standard listed OHB Technology Group
(ISIN: DE0005936124, Prime Standard) acquired 19% of the US listed SpaceDev
Inc, Poway, CA, USA, (NASDAQ, OTCBB: SPDV). OHB Technology AG and its
subsidiary MT Aerospace AG made this collective investment into the
strategic partner SpaceDev in form of a common stock sale in the amount of
approximately USD 4.4 million (EUR 3.3 million). A mutual high level
management team actively explore manufacturing optimization, systems
development, and future program opportunities in Europe as well as in the
USA.
SpaceDev offers OHB Technology direct access to the US aerospace market
especially to upcoming new US government development programs and
activities. Future US market penetration with OHB components and
introducing SpaceDev products in the European aerospace marketplace will
lead to significant new revenues, mutual manufacturing opportunities and
will offer the collective use of technologies and expertise. SpaceDev will
use cash inflow mainly to expand its research and development activities
and for expansion capital.
OHB Technology see significant upside potential in the future of SpaceDev.
The investment into the new US shareholding will be an excellent long term
association. The companies have already begun exploring multiple
opportunities to work together, particularly as SpaceDev bids on larger,
new and exciting US government and commercial programs. OHB and MT
Aerospace also participated on a number of transatlantic space programs,
including the International Space Station (ISS) and SOFIA, the next
generation airborne observatory.
About SpaceDev Inc.
SpaceDev Inc. (OTCBB:SPDV) is an entrepreneurial space systems company that
develops high performance, innovative components and systems that are
changing how we get to, explore, and use space. Our products range from
spacecraft actuators that power the Mars rovers, to hybrid rocket
technologies that powered the first commercial astronaut to space, and from
microsatellites controlled by the Internet to Dream Chaser™, a winged and
piloted orbital commercial spacecraft. SpaceDev products innovate, enable
and perform.
About OHB Technology AG
OHB Technology AG is the first listed technology and space company in
Germany (ISIN: DE0005936124; Prime Standard). With a total of more than
1,100 employees, its four business units 'Space Systems + Security',
'Payloads + Science', 'Space Transportation + Aerospace Structures' and
'Telematics + Satellite Operations' develop and produce solutions for
national and international customers. Thanks to the successful combination
of space technology and telematics skills backed by just on 25 years of
experience in high-tech engineering, OHB Technology AG holds an excellent
position in Europe.
About MT Aerospace AG
MT Aerospace AG, a Group company of OHB Technology AG, is a
well-established supplier in the aeronautic, aerospace and defence sector;
a partner for antennas, mechatronic systems and related services. In the
field of aerospace they develop and produce components and subsystems for
launchers, satellites and orbital transfer systems. Today MT Aerospace AG
supplies approx. 10% of the hardware for the European launcher ARIANE 5 and
is the most important supplier for this program outside France. The related
operations and maintenance sector on site in Kourou / French Guyana is
responsible for the ARIANE 5 integration and launch facilities.
Contact:
OHB Technology AG
Michael Vér, Investor Relations
Karl-Ferdinand-Braun-Str. 8
28359 Bremen / Germany
Tel.: +49 (0)421 2020-8
Fax: +49 (0)421 2020-613
Internet: http://www.ohb-technology.de
E-Mail: [email protected]
19.09.2007 Financial News transmitted by DGAP
Language: English
Issuer: OHB Technology AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Deutschland
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: [email protected]
Internet: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service