Corporate | 22 December 2010 22:30
ELMOS Semiconductor AG / Key word(s): Strategic Company
Decision/Disposal
ELMOS Semiconductor AG: Sale of packaging business in the Netherlands
22.12.2010 / 22:30
Sale of packaging business in the Netherlands
Focus on core business
Dortmund, December 22, 2010: ELMOS Semiconductor AG (FSE: ELG) sells the
special packaging business of its subsidiary ELMOS Advanced Packaging B.V.,
Nijmegen, the Netherlands, to an investment company owned by Dutch
financial investor 'Nimbus Hands-On Investors'. The sale is carried out
within an asset deal framework.
Over the last years, ELMOS Advanced Packaging has reached a technological
leadership position in the development and manufacturing of special
packages for semiconductors and sensors. Third-party sales of the sold
business unit will be below 10 million Euro in 2010, generated with about
70 employees. The purchase price is a low single-digit million Euro amount;
in addition, a profit-related component has been agreed. Closing is
expected by year-end 2010.
'By this sale, ELMOS strengthens its core business, namely developing,
manufacturing and selling system solutions based on semiconductors and
sensors', says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG.
'This step is beneficial to all parties concerned. Nimbus is focussed on
investments in companies with potential for further development. Nimbus
will continue to expand the functional packaging business and tap new
customer potential. By positioning the company as an independent supplier
and partner for packaging solutions, we are convinced the packaging
activities will grow in the years to come', comments Gert Jan Hubers,
Partner of Nimbus.
In order to guarantee the continued development and supply of ELMOS, a
cooperation agreement for the development and manufacture of special
packages has been forged.
End of Corporate News
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Language: English
Company: ELMOS Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Deutschland
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest@elmos.de
Internet: http://www.elmos.de
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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107480 22.12.2010