Ad-hoc | 16 February 2017 12:00
UET United Electronic Technology AG / Key word(s): Offer/Investment
16-Feb-2017 / 12:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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- Evaluation and Negotiation related to received offers for Letron and
NewTal
- Joint Ventures, Investment or Sale to focus on SYSTEMS Business
- Reduction of Liabilities
Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
announces that is has received multiple offers from strategic partners for
investments or takeovers related to parts or the complete Business Area
MANUFACTURING specifically for Letron electronic and NewTal Elektronik +
Systeme. UET has decided to evaluate those offers and start further
negotiations immediately.
UET plans to take decisions and to sign first agreements within the next
two weeks.
With the planned income from this transaction UET will reduce existing
trade liabilities within the operating business and to secure the on-going
development for the SYSTEMS and SERVICE business.
The business area MANUFACTURING today generates 17,0 mn EUR annual revenues
and employs about 70 people.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Sebastian Schubert
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
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Language: English
Company: UET United Electronic Technology AG
Frankfurter Straße 80-82
65760 Eschborn
Germany
Phone: +49 (0)6196-7777550
Fax: +49 (0)6196-7777559
E-mail: investor@uet-group.com
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News Service