OHB SE — M&A Activity 2011

Feb 10, 2011

News Details

Ad-hoc | 10 February 2011 12:25

OHB Technology AG: OHB Technology acquires Aerotech Peissenberg GmbH & Co. KG

OHB Technology AG / Key word(s): Acquisition

10.02.2011 12:25

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OHB Technology acquires Aerotech Peissenberg GmbH & Co. KG

Bremen, February 10, 2011 - MT Aerospace Holding GmbH, Bremen, a joint
venture established by OHB Technology AG (70%), Bremen, (Prime Standard,
ISIN: DE0005936124) and Apollo Capital Partners GmbH (30%), Munich, has
today signed a contract for the acquisition of Bavarian aircraft engine
components supplier Aerotech Peissenberg GmbH & Co. KG together with its
affiliates in France and the Czech Republic with retroactive effect from
January 1, 2011. The seller is the Drosten Group, Grünwald.

Aerotech Peissenberg produces sensitive components made from heat-resisting
nickel-based alloys and titanium for aircraft engines and industrial gas
turbines.

With staff numbering some 490, Aerotech Peissenberg together with its
affiliates in the Czech Republic and France generated sales of around EUR
46 million in 2010. Order receipts were valued at roughly EUR 86 million at
the end of 2010.

ATP projects total revenues of around EUR 60 million, EBITDA of around EUR
4 million and EBIT of around EUR 2 million for 2011.

With this strategic acquisition, the OHB Group is broadening its business
activities in the aviation sector with the aim of improving its position in
national and international aviation business and to harness new market
potential.

Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: ver@ohb-technology.de

Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: leuthold@ohb-technology.de

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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: ir@ohb-technology.de
Internet: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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