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OHB SE — M&A Activity 2007
Jun 21, 2007
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M&A Activity
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Ad-hoc | 21 June 2007 12:36
OHB Technology AG: OHB Technology AG acquires Kayser-Threde GmbH, Munich
OHB Technology AG / Acquisition
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 AG acquires Kayser-Threde GmbH, Munich
Bremen/Munich, June 21, 2007. Today, OHB Technology AG (ISIN:
DE0005936124), listed on the Prime Standard, has signed a contract sale for
the purchase of the entire interest in KT Beteiligungsgesellschaft mbH &
Co. KG, which in turn holds a 100 percent of the shares in Kayser-Threde
GmbH, Munich. The purchase price amounts to EUR 5.95 million. The
performance of the sale contract is subject to various conditions whose
occurrence is expected for the next weeks.
Kayser-Threde GmbH ranks among the three largest space companies in Germany
and specializes in the development and implementation of payloads,
scientific devices, and equipment for aerospace, science, and the industry.
Kayser-Threde GmbH provides support over the complete life cycle of a
scientific device for manned and unmanned spaceflight missions, from
feasibility study and the development of hardware and software up to
mission support and data interpretation. The business segments Automotive
and Process Control Systems include the test data recording and data
management of crash tests as well as process control systems and
telecontrol engineering for railway power supply. With more than 200
employees, the company had total revenues of about EUR 38 million in the
year 2006.
With this step, OHB Technology AG is expanding its product portfolio by the
segments science and payloads and will thus be positioned on an even
broader base with altogether four business divisions in the future. The OHB
Group’s market position and customer access are significantly strengthened
by this transaction, improving the realization of further potential for
development.
Information and Explaination of the Issuer to this News:
About Kayser-Threde:
Founded in 1967, Kayser-Threde GmbH has a global customer base, including
the industry, space agencies, national governments, and scientific
institutions. Kayser-Threde offers the complete realization of a project to
its customers. The scope ranges from studies, analyses, and system design
to special developments, test procedures, production, implementation, and
operation and support. Because of the rigorous requirements in aerospace,
Kayser-Threde GmbH has established the highest quality standards, reflected
in the reliability of its products, system solutions, and processes.
Further information about the company can be found at:
www.kayser-threde.de
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]
DGAP 21.06.2007
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
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service