Softing AG — M&A Activity 2005

Oct 27, 2005

News Details

Corporate | 27 October 2005 07:57

Softing expands: Investment in fieldbus diagnostics

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Softing expands: Investment in fieldbus diagnostics (Haar/Germany, October 27, 2005). Softing AG, a global provider of industrial automation and automotive electronics hardware software headquartered in Haar near Munich/Germany, today announced a massive expansion of its product range in mobile and stationary fieldbus systems diagnostics. This expansion will strengthen Softing’s position in one of the key segments of the industrial automation market. Softing’s goal is to become the market leader in fieldbus diagnostics. The recent takeover of rights and know-how from a leading manufacturer of diagnostics components enables Softing to accelerate the introduction of new products considerably. The use of fieldbus systems in production processes will continue to increase in the next years. As a result, supplying diagnostics tools to industry in order to improve equipment availability is a profitable growth market. Softing expects the takeover to deliver a significant increase in diagnostics tools sales from mid-2006. This segment will make more than a seven-digit contribution to sales in the future and will position Softing even more prominently as a leading provider of fieldbus products and technology as well as control systems. End of announcement (c)DGAP 27.10.2005 —————————————————————————— WKN: 517800; ISIN: DE0005178008; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 270757 Okt 05