Ad-hoc | 9 November 2007 15:36
CFC Industriebeteiligungen GmbH & Co. KGaA / Acquisition
Release 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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++ CFC Industriebeteiligungen acquires VOGT electonic Letron GmbH
++ Expansion of the business unit 'Electronic Manufacturing Services –
EMS'
CFC Zwischenholding GmbH, Dortmund, a 100% subsidiary of CFC
Industriebeteiligungen GmbH & Co. KGaA, has acquired 100% of the shares of
VOGT electronic Letron GmbH from VOGT electronic EMS GmbH, a subsidiary of
VOGT electronic AG. Price and conditions of the transaction will not be
disclosed. The transaction is subject to closing conditions in favour of
CFC, which are expected to be fulfilled during next week.
VOGT electronic Letron GmbH, develops, manufactures and sells electronic
subsystems and products for the security, communication and medicine
industry. The debt-free company headquartered in Osterode, Germany, will
generate EUR 12 million in revenues this year. The company employs 80
people. The VOGT group decided to sell its subsidiary as it was no longer
declared being core business. After a short transition period, the company
will be renamed in 'Letron electronic GmbH'.
Letron electronic will be developed into a leading supplier in the
Electronic Manufacturing Services (EMS) market. In the future, Letron
electronic will accompany customers along the complete value chain from
development over prototype manufacturing to volume production. Structured
as a sister company to ELCON Systemtechnik GmbH, already owned by CFC, both
companies will join to benefit from synergies and opportunities in the
future to improve performance and financial results.
Contact:
CFC Industriebeteiligungen GmbH & Co. KGaA
Dr. Frank Nellißen
Chief Financial Officer
Tel: +49 231 95 25 373
eMail: fn@cfc.eu.com
09.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: CFC Industriebeteiligungen GmbH & Co. KGaA
Ruhrallee 9
44139 Dortmund
Deutschland
Phone: +49 (0)231-95 25 373
Fax: +49 (0)231-95 25 45
E-mail: info@cfc-eu.com
Internet: www.cfc-eu.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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