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OHB SE M&A Activity 2008

Jan 30, 2008

315_rns_2008-01-30_8220f95e-184b-4832-9fcf-33bd7ee34401.html

M&A Activity

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News Details

Corporate | 30 January 2008 11:15

OHB Technology acquires strategic interest of 50% in RST GmbH

OHB Technology AG / Acquisition

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.


OHB Technology acquires strategic interest of 50% in RST Raumfahrt
Systemtechnik GmbH

  • Partnership with high-tech company secures long-term access to future
    radar technologies

  • Joint development of the next generation of SAR-Lupe satellites

Bremen, January 30, 2008. Today the group OHB Technology AG (ISIN:
DE0005936124, Prime Standard) has acquired 50% of the interest in RST
Raumfahrt Systemtechnik GmbH, Salem, from the company’s founder and owner,
Prof. Dr. Hans Martin Braun.

RST has been a radar partner of OHB-System AG in the joint project SAR-Lupe
(satellite-based reconnaissance system) of many years, assuming project
responsibility for the radar conceptual design and SAR processing (image
processing on ground level) in particular. RST specializes in imaging radar
technology and has core competencies in the field of Synthetic Aperture
Radar (SAR), radar altimeters for use in aircraft, as well as broadband
radar applications for use on ground (GPR).
RST opens a sustainable path of access to radar technologies for OHB
Technology, especially within the framework of the concepts for spaceborne
reconnaissance on the basis of SAR-Lupe. Currently, within the project
SARah, OHB and RST are developing the future technologies through studies
for the second generation of SAR-Lupe, scheduled for deployment in 2017.

The company, founded in 1992, achieved sales of roughly EUR 1.2 million in
the year 2007 and generated a net income of TEUR 80 with ten employees. It
has been agreed to maintain silence about the purchase price.

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]

30.01.2008 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart

End of News DGAP News-Service