DGAP-News: First Sensor AG: First Sensor starts consolidation program 'ONE FIRST SENSOR'
(firmenpresse) - DGAP-News: First Sensor AG / Key word(s): Strategic Company Decision
First Sensor AG: First Sensor starts consolidation program 'ONE FIRST
SENSOR'
02.07.2012 / 17:04
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July 2, 2012
First Sensor starts consolidation program 'ONE FIRST SENSOR'
With the approval of the Supervisory Board, the Executive Board of First
Sensor AG has decided to make long-term savings of EUR4 million in staff
costs and other costs over the next 12 months. The consolidation program
'ONE FIRST SENSOR' is aimed at establishing more efficient,
long-term-oriented management of all business processes in order to make
the company better equipped for the future.
As a first step towards ensuring a uniform market presence, delivering
further improvements through the use of synergies and simplifying internal
organizational processes, a merger agreement between First Sensor AG and
Sensortechnics GmbH (Puchheim) and Silicon Projects GmbH (Berlin) has been
signed with retrospective effect from January 1, 2012. The merger
agreements are likely to come into legal effect at the end of August 2012.
'We have had to work very hard in the last few weeks to pave the way for
making essential decisions on the future of First Sensor AG. The
consolidation program 'ONE FIRST SENSOR' will lead us to improve our
operating profitability, and forms the basis for further growth. I expect
our figures to improve by several million euros on a long-term basis,
starting as early as 2013' said Dr. Hans-Georg Giering, Chief Executive
Officer of First Sensor AG. In the future, individual sensor solutions for
optical sensors, pressure sensors, flow sensors, level sensors and special
sensors will be developed, produced and sold from one source at First
Sensor.
Only the names of the companies involved will change as a result of the
merger. All business processes will remain unchanged for the time being.
First Sensor AG is regarded as the legal successor for all existing
contracts of Sensortechnics GmbH and Silicon Projects GmbH.
There will be no changes in terms of collaboration with our customers. The
known contacts will also be available in future, and the locations will
continue to be used as industrial premises as before.
For more information on the company, please visit www.first-sensor.com or
call us on Tel.: +49 30 6399 23-710.
First Sensor AG
Executive Board
About First Sensor
First Sensor AG is a leading provider of high-quality, customer-specific
sensor solutions in the life science, industrial, mobility, security and
aerospace industries. With more than 700 employees around the world, First
Sensor is forecasting annual sales of around EUR120 million for 2012. First
Sensor was formed in Berlin 20 years ago and has been listed on the
Frankfurt Stock Exchange since 1999 [Prime Standard?WKN (German
Securities Code Number): 720190?ISIN: DE0007201907?SIS]. Further
information on First Sensor can be found on the Internet at
www.first-sensor.com.
End of Corporate News
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Language: English
Company: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-710
Fax: +49 (0)30 63 99 23-719
E-mail: ir(at)first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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