Regulatory Filings • Jul 26, 2011
Regulatory Filings
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26 July 2011 26 July 2011
Wendel takes note of the closing today of the acquisition of Exceet Group AG, the European Market Leader in Embedded Intelligent Electronic Systems, by Helikos, renamed « Exceet Group SE (« Exceet »), listed on the Frankfurt stock exchange.
Wendel, sponsor of Helikos through Oranje-Nassau Développement, owns 28.4% of the public shares and 30.2% of the voting rights and capital of Exceet This stake could mechanically evolve in the future if Exceet's stock price reaches certain thresholds.
Including €22.3 million invested at the beginning of 2010 at the Helikos launch and €27.8 million of share purchase during this transaction, the overall amount invested by Wendel amounts to €50.1 million. Moreover, Wendel will provide up to €11.3 million of shareholder loans.
Details of the transaction and all regulatory documentation are available at www.helikosgroup.com and www.exceet.ch. Exceet shares (code EXC) and warrants (code EXC1) will be traded on the Frankfurt stock exchange from July 27th, 2011.
With strong German roots and industrial and commercial presence, Exceet is a European market leader in embedded intelligent electronic systems. It designs, develops and produces customised and essential components for blue chip clients, particularly in the fields of medical and healthcare, industrial automation, financial services, security, avionics and transportation.
Its product portfolio ranges from complex electronic modules and systems that are generally integrated in costly devices, smartcards and chips, which are produced in small and medium quantities. Exceet serves its clients' entire value chain from design to after sales and lifecycle management services.
Exceet posted sales of €119.7 million(*) in 2010, an over 50% increase (including organic growth of 20%) compared to the previous year. Its operating income (EBITDA) more than doubled from €7.0 million to €17.7 million over the same period. Exceet achieved a 30% growth of its sales in the first half-year 2011.
Wendel is the Founding Sponsor of the Centre Pompidou-Metz, which has hosted nearly 800,000 visitors since
(*)On a converted Swiss franc to euro basis
Wendel is one of Europe's leading listed investment firms. The Group invests in France and abroad, in companies that are leaders in their businesses: Bureau Veritas, Legrand, Saint-Gobain, Materis, Deutsch and Stahl. Wendel plays an active role as industry shareholder. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.
Through Oranje-Nassau Développement, which gathers growth, diversification and innovative investment opportunities, Wendel is also invested in VGG in the Netherlands, Helikos in Germany and Parcours in France. Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's rating: Long term BB-, stable outlook – Short term B since 19 July 2010.
Christèle Lion: + 33 (0) 1 42 85 91 27 Laurent Marie: +33 (0)1 42 85 91 31
its opening in May 2010.
Press contact Analyst and investor contacts [email protected] [email protected] Olivier Allot: +33 (0)1 42 85 63 73 [email protected]
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