Ad-hoc | 13 March 2006 11:38
STRATEC takes over Sanguin International
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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STRATEC takes over Sanguin International
Birkenfeld, March 13, 2006
STRATEC Biomedical Systems AG has today taken over Sanguin International
Limited (http://www.sanguin.com), Barton under Needwood, UK, including its
75% shareholding in Sanguin International Incorporation, Hamden, CT, USA.
The acquisition price, which is partly dependent on the earnings generated
by Sanguin for the 2005/2006 financial year and on the progress made with a
software integration project at the company thereby taken over, will
largely be settled in cash. STRATEC will pay the other part of the
acquisition price with a total of 18,206 new shares to be created from the
authorized capital of STRATEC Biomedical Systems AG. These shares will be
subject to a lock-up period. The parties have agreed to maintain
confidentiality as to the acquisition price.
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Informationen und Erläuterungen des Emittenten zu dieser Ad-Hoc-Mitteilung:
STRATEC expects the takeover to generate savings of more than EUR 3 million
in the implementation of analyzer system families in the development and
planning stages. In particular, the combination of Sanguin software with
STRATEC technology will enable both companies to participate with a
complementary product portfolio for the clinical diagnostic laboratory.
Sanguin is currently one of the few companies to offer FDA-approved
software solutions capable of deployment in networks by diagnostics
companies around the world, especially in the field of blood bank
applications. In the blood bank field, for example, Sanguin is the global
market leader, with more than 3,000 software packages.
‘One of our customers, who is at the same time also a customer of Sanguin,
mentioned to me some time ago that Sanguin already defines the standards
today, and will continue to define them in future. The extensive
functionality of the software solutions offered by Sanguin cannot be
matched by any other company in the market’, commented Hermann Leistner,
Chairman of the Board of Management of STRATEC Biomedical Systems AG.
Sanguin maintains active business relationships with several of the world’s
largest diagnostics companies. With customer structures which complement
each other ideally, the STRATEC Group now has business relationships with
seven of the world’s ten largest diagnostics companies in terms of sales.
The wholly-owned subsidiary STRATEC Biomedical Inc., Aliquippa, PA, USA,
which was established by STRATEC in 1996, will relocate its business
operations in the coming months to Hamden, CT, USA, where Sanguin
International Inc. is also based. This measure will spare STRATEC the
time-consuming and costly process of expanding its representation in the
USA.
The previous managing directors of the two Sanguin companies will be fully
available to the STRATEC on an operational level and will assist in
pressing ahead with the further strategic expansion of the Group.
The parties to the agreement expect Sanguin to generate consolidated
operating earnings of more than GBP 500,000 in the 2005/2006 financial
year.
Telephone conference – Marcus Wolfinger, CFO of STRATEC Biomedical Systems
AG, will be available to provide further information in connection with
this ad-hoc announcement in a telephone conference to be held today,
Monday, March 13, 2006 at 3 p.m. (conference language: German). The dial-in
number is: +49 (0) 69 58 999 0808.
About STRATEC
STRATEC Biomedical Systems AG (http://www.stratec-biomedical.de) designs
and manufactures fully automated systems for its partners in the fields of
clinical diagnostics and biotechnology. These partners market such systems,
in general together with their own reagents, to laboratories and research
institutes around the world. The company develops its products on the basis
of its own patented technologies. Shares in the company (WKN: 728900 /
ISIN: DE0007289001) are traded in the Prime Standard segment of the
Frankfurt Stock Exchange, in the Gate-M trading segment of the Stuttgart
Stock Exchange and on other exchanges.
The STRATEC Group comprises the listed holding company ‘STRATEC Biomedical
Systems AG’, as well as the wholly-owned subsidiaries ‘STRATEC NewGen GmbH’
and ‘Robion AG’.
Further information can be obtained from:
STRATEC Biomedical Systems AG
André Loy, Investor Relations
Gewerbestrasse 37, 75217 Birkenfeld
Germany
Tel: +49 (0)7082 7916 190
Fax: +49 (0)7082 7916 999
E-mail: ir@stratec-biomedical.de
(c)DGAP 13.03.2006
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language: English
emitter: STRATEC Biomedical Systems AG
Gewerbestraße 37
75217 Birkenfeld Deutschland
phone: +49 (0)7082 7916 0
fax: +49 (0)7082 7916 999
email: info@stratec-biomedical.de
WWW: www.stratec-biomedical.de
ISIN: DE0007289001
WKN: 728900
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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