Siemens AG — M&A Activity 2005

Jun 7, 2005

News Details

Ad-hoc | 7 June 2005 08:07

Siemens AG: BenQ to take over mobile phones business

Ad hoc announcement §15 WpHG Strategic company decision Siemens AG: BenQ to take over mobile phones business Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Siemens AG: BenQ to take over mobile phones business Sustainable solution found – Mobile phones to continue under the Siemens brand The Taiwan-based BenQ Group, which also produces mobile phones as well as other consumer electronics products such as digital cameras, scanners and LCD screens, will take over Siemens’ mobile phones business in the course of the fourth quarter of Siemens’ fiscal year 2005. The transaction also includes the rights to the brand and name, which BenQ will be allowed to use for a total of five years. The mobile phones business will be headquartered in Munich (Germany). The two partners have agreed upon these key points, but the agreement is subject to approval of BenQ’s shareholder meeting and the relevant antitrust authorities. BenQ’s and Siemens’ mobile phones business complement one another in excellent way regarding to technology and regional setup. All in all, this transaction will burden Siemens’ results by some EUR 350 million pre-tax. In the course of the transaction, Siemens will acquire new BenQ shares worth EUR 50 million. Based on the current market value of BenQ, this represents roughly 2.5% of the company’s capitalization. Siemens AG Wittelsbacher Platz 2 80333 München Deutschland ISIN: DE0007236101 (DAX) WKN: 723610 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam; Brüssel; London; Paris; New York; Zürich End of ad hoc announcement (c)DGAP 07.06.2005 070807 Jun 05