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OHB SE — M&A Activity 2009
Oct 23, 2009
315_rns_2009-10-23_a9ca16bf-1fec-4f0d-86f3-8495faa5cb57.html
M&A Activity
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Corporate | 23 October 2009 09:06
OHB Technology AG: OHB Group selling KT Automotive GmbH to the Kistler Group
OHB Technology AG / Disposal
23.10.2009
Dissemination 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 Group selling KT Automotive GmbH to the Kistler Group
Bremen/Munich, October 23, 2009. The OHB Technology Group (ISIN:
DE0005936124, Prime Standard) has sold all shares in KT Automotive GmbH,
Munich, to the Kistler Group, which is domiciled in Winterthur,
Switzerland.
KT Automotive develops, fabricates and markets data recording systems for
automotive crash test applications. With a share of around 70% of the
market, it is the world's leading provider of hardware, software and
services in this segment.
The transaction also includes the activities of the subsidiaries in China
and the United States. KT Automotive has 33 employees and generated
revenues of EUR 7.3 million in 2008.
Accordingly, the OHB Technology Group is parting ways with its automotive
crash test business. As a result, the Payloads + Science division will now
be concentrating to a greater extent on projects and developments in the
space segment.
Contact for investors Contact for media representatives:
and analysts:
Michael Vér Steffen Leuthold
Investor Relations Corporate Communications
Tel.: +49 421-2020-727 Tel.: +49 421-2020-620
Fax: +49 421-2020-613 Fax: +49 421-2020-700
E-Mail: [email protected] E-Mail: [email protected]
www.ohb-technology.de
23.10.2009 Financial News transmitted by DGAP
Language: English
Company: 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, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service