Ad-hoc | 2 May 2013 14:25
Funkwerk AG / Key word(s): Disposal
02.05.2013 14:25
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc release pursuant to Section 15 of the German Securities Trading Act
(WpHG)
2 May 2013
Funkwerk AG sells Microsyst Systemelectronic GmbH
Further step in focusing on core business
Kölleda, 2 May 2013 - Funkwerk AG, Kölleda, has sold its 100 per cent share
in subsidiary Microsyst Systemelectronic GmbH (Microsyst GmbH),
Weiden/Bavaria, in a management buyout to the company's authorised
signatory. The purchasing contract signed today is subject to the condition
precedent of approval by the external financing partners of Funkwerk. The
transfer of the shares will be backdated to 1 January 2013. Details of the
purchase price have not been disclosed.
The main segment of Microsyst GmbH, a manufacturer and supplier of display
systems for industrial applications, is focused on large-format displays
used for processes such as assembly lines in the automobile industry.
Generating revenues of around EUR 7m with a workforce of some 40 staff in
2012, the Bavarian company also specialises in solutions for paperless
order picking.
Over the last two years, Funkwerk AG has implemented a comprehensive
restructuring programme designed to increase its efficiency and in the
process has shed several peripheral sectors which are not considered part
of its core business. As a result, Funkwerk now focuses entirely on its two
strategic segments Traffic & Control Communication (TCC) and Security
Communication (SC), enabling the company to use its resources more
strategically and effectively. At the same time, the sale will further
consolidate the financial situation in the group.
For further information please contact:
Funkwerk AG
Im Funkwerk 5
99625 Kölleda/Thuringia
Germany
Kerstin Schreiber
Tel: 03635 458 500
Fax: 03635 458 399
E-mail: ir@funkwerk.com
02.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Funkwerk AG
Im Funkwerk 5
99625 Kölleda
Germany
Phone: +49 (0)3635 600 0
Fax: +49 (0)3635 600 507
E-mail: info@funkwerk.com
Internet: www.funkwerk.com
ISIN: DE0005753149
WKN: 575314
Listed: Regulierter Markt in München; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market
End of Announcement DGAP News-Service
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