Ad-hoc | 30 March 2016 17:45

Adval Tech acquires automotive supplier in Germany

Adval Tech acquires automotive supplier in Germany

Niederwangen, March 30, 2016, 17.45 h. ‒ On March 30, 2016 the Adval Tech Group concluded an agreement for the purchase of Fischer IMF GmbH & Co. KG in Endingen am Kaiserstuhl, Germany. With this strategically important acquisition Adval Tech strengthens its market position in metal components and expands its access to OEM partners in the automotive industry.

On March 30, 2016 Adval Tech Holding AG reached an agreement with the owners on the sale of Fischer IMF GmbH & Co. KG in Endingen am Kaiserstuhl, Germany. The transaction is scheduled to be completed within a few weeks. Fischer IMF specializes in press and forming technology for complex metal operations with a focus on the automotive industry. The company currently employs around 280 people and generated sales of approximately EUR 30 million in 2015. Upon completion of the transaction, Fischer IMF will be fully consolidated with the Adval Tech Group. Adval Tech will acquire 100% of shares in Fischer IMF GmbH & Co. KG. Both parties have agreed not to disclose the purchase price. The purchase will be financed through a subordinated shareholder loan from a major shareholder.

The family business, Fischer IMF ( www.fischer-imf.de ) was founded in 1985 by the current owner and managing director Eberhard Fischer and his wife. Fischer IMF develops, engineers and produces press tools and specializes in the production of metal components and the assembly of modules with a focus on the automotive industry. Fischer IMF’s customers include major German auto manufacturers (OEMs) and their direct suppliers (first-tier). A trusting working relationship has existed between Fischer IMF and Adval Tech for many years.

René Rothen, CEO of Adval Tech, is pleased with the strategically important step of acquiring Fischer IMF, emphasizing, “With the purchase of Fischer IMF we strengthen the Adval Tech Group’s strategic position, augment our metal components product portfolio in an ideal way, obtain direct access to the automakers (OEMs) and expand our customer portfolio among their direct suppliers (first-tier). The nearby production site in Germany is a perfect complement to our production site in Switzerland.”

Eberhard Fischer, founder and managing director of Fischer IMF, is convinced: “Fischer IMF and Adval Tech have had a trusting working relationship for years. This is an outstanding foundation for a shared future in business. The merger of our business with Adval Tech will bring important strategic advantages for our company. Our customers and employees will benefit from the Adval Tech Group’s global orientation and thus from the successful further development of our own company.

Contact

Valeria Poretti, Head Corporate HR/Communication, phone +41 31 980 82 66, valeria.poretti@advaltech.com

Markus Reber, CFO, phone +41 31 980 82 70; markus.reber@advaltech.com

Background information about the Adval Tech Group

Adding value through innovation – that’s what Adval Tech stands for. Adval Tech is the partner of choice – for high-volume components manufactured in metal and plastic and for high-performance molds for the production of plastic components. In the components business, Adval Tech focuses on the automotive market and on related applications. Adval Tech’s principal markets in the mold-making segment are consumer and personal care, packaging, medical and automotive. Adval Tech covers the entire value chain as a one-stop-shop, from product development to prototyping, to mold and tool development, and through to component production and assembly.

Agenda

April 15, 2016, 5.45 p.m.: detailed information on 2015 financial results

April 26, 2016: Conference for financial analysts and press conference on annual report 2015

April 26, 2016: Publication of the annual report 2015

May 19, 2016: General meeting of shareholders 2016