Ad-hoc | 17 July 2001 08:18
JENOPTIK AG
english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Jenoptik’s M+W Zander subsidiary strengthens its U.S. market position through an
acquisition.
M+W Zander US Inc. acquires 100 percent of Knight Advanced Technology, Inc..
M+W Zander, a subsidiary of the Jenoptik technology group (German listing 622
910), is expanding its United States market position considerably. M+W Zander’s
American subsidiary, M+W Zander US Inc., has acquired 100 percent of all shares
of Knight Advanced Technology, Inc., effective July 1st, 2001. The Chicago-based
company specializes in consulting, design and engineering services for
electronics companies and for private and state scientific and research
institutions. In the year 2000, around 160 employees contributed to the
company’s sales of approximately US$ 33 million.
With the acquisition, M+W Zander augmented its expertise on the U.S. market,
particularly in the area of industrial architecture and engineering services.
The capacities of Knight Advanced Technology, Inc. will strengthen the market
position of M+W Zander in the planning and the engineering of production
facilities for the electronics industry.
Knight Advanced Technology’s capabilities and client base will enable M+W Zander
to transfer expertise to additional rapidly growing industries in the United
States as well. The acquisition also will strengthen M+W Zander’s regional
presence throughout the United States. In addition to its Chicago headquarters
Knight Advanced Technology, Inc. is represented in other important American
centers such as Phoenix and San Francisco. M+W Zander will now be able to profit
from closer proximity to its customers and from a stronger presence on the U.S.
market.
For questions please contact:
Steffen Schneider Jörg Hettmann
Jenoptik AG Jenoptik AG
Investor Relations Public Relations
Phone/Fax: ++49-3641-65 2290/57 Phone/Fax: ++49-3641-65 2254/2484
E-Mail: steffen.schneider@jenoptik.com E-Mail: joerg.hettmann@jenoptik
end of ad hoc announcement (c) DGAP 17.07.2001
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WKN: 622910; Index: MDAX
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Bremen,
Düsseldorf, Hamburg, Hannover, München, Stuttgart
170818 Jul 01