Ad-hoc | 16 March 2004 10:40
Eckert & Ziegler to Acquire Radiation Product Business of HEK GmbH
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
Eckert & Ziegler to Acquire Radiation Product Business of HEK GmbH
Berlin, 16.03.2004. Eckert & Ziegler AG (ISIN DE 0005659700), a specialist for
brachytherapy products used in the treatment of cancer, has acquired the radia-
tion product business of HEK GmbH, Lübeck. The transaction includes production
facilities in Lübeck and Braunschweig with about 30 employees, and HEK’s
European business for patient fixation devices. Main revenue generator of HEK’s
radiation product business have been high dose rate afterloaders for the
treatment of cancer, and blood irradiation devices. As consideration for the
business Eckert & Ziegler paid a mixture of cash and stocks valued in the lower
single digit million range. In addition, the seller is entitled to an Earn-Out.
Including the acquisition, and under the assumption that the EUR/Dollar ex-
change rate remains stable, Eckert & Ziegler AG for 2004 anticipates revenues to
grow about 20% to 36 mm EUR and a result of approximately 0.40 EUR per share.
The Executive Board
For further questions please contact:
Eckert & Ziegler AG, Karolin Riehle, Investor Relations
Robert-Rössle-Str. 10, 13125 Berlin, Germany
Phone: +49 (0) 30 / 94 10 84-138
http://www.ezag.de
end of ad-hoc-announcement (c)DGAP 16.03.2004
——————————————————————————–
WKN: 565970; ISIN: DE0005659700; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
161040 Mär 04