Augusta Technologie AG: Changes in the Managing Board
(firmenpresse) - (DGAP-Media / 07.08.2012 / 17:59)
Changes in the Managing Board at AUGUSTA Technologie AG
- After the successful acquisition offer of the TKH Group, Chairman of
the Managing Board Amnon F. Harman and Managing Board Member Arno
Pätzold are to leave the company
- The company will, in future, be managed by Berth Hausmann as sole
Managing Board Member
- Chairman of the Supervisory Board, Adi Seffer: 'Amnon Harman has
reshaped Augusta over the last six years to become a successful
technology company.'
Munich, August 7th, 2012. Digital image processing company AUGUSTA
Technologie AG (ISIN DE000A0D6612) will see some changes in its Managing
Board. Due to the successful completion of the takeover offer from TKH
Group N.V. for a majority share in Augusta Technologie AG, Chairman of the
Managing Board Amnon F. Harman asked the Supervisory Board to release him
from his contract. He will leave the company on August 31, 2012.
Over the last six years, Amnon Harman, who has headed the Managing Board
since September 18, 2006, has managed to resolve the company's debt
problems and strategically reposition AUGUSTA, taking it from a
heterogeneous holding company to a focused vision technology business.
After the completion of the acquisition process which saw TKH Group take a
majority share in the company, Mr. Harman has decided to pursue new roles
and challenges.
'Over the last six years Amnon Harman has played a major role in shaping
the strategy of AUGUSTA Technologie AG. He presided over an operational
strengthening of the businesses as well as the successful
internationalization, transforming the company into a leading vision
technology company. Today Augusta is a promising technology group that is
financially sound and once again respected on the capital market, which is
testament to the success of this transformation. The Supervisory Board
therefore regrets Mr. Harman's decision to leave the company, but
understands his reasons for taking this step, given the new situation the
company finds itself in', explained Adi Seffer, Chairman of the Supervisory
Board at AUGUSTA Technologie AG.
Following the successful completion of the acquisition offer from the TKH
Group Arno Pätzold - Chief Development Officer - also asked the Supervisory
Board to release him from his contract prematurely. This request was
accepted by the Supervisory Board and Mr. Pätzold left the Managing Board
as of July 10, 2012. Mr. Pätzold's area of responsibility included M&A
transactions at Augusta Technologie AG. In this role, he was able to
complete six transactions since 2010 and has thus helped to speed up
progress in the restructuring of Augusta into a vision company.
From September 1, 2012, the company will be managed by the current Chief
Financial Officer, Berth Hausmann, as sole member of the Managing Board.
The Supervisory Board would like to thank Mr. Harman and Mr. Pätzold for
their outstanding commitment and wishes both of them every success for the
future and all the best in their personal lives.
AUGUSTA Technologie AG
Dr. Falco Federmann
Investor Relations&Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel: +49 - (0)89 - 43 57 155 - 17
Fax: +49 - (0)89 - 43 57 155 - 57
E-mail: investor-relations(at)augusta-ag.com
The company
AUGUSTA Technologie AG is an integrated technology company with a focus on
niche markets in digital image processing and optical sensors.
Through its core Vision Technology segment, the company supplies digital
cameras and optical sensor systems for enhancing quality, safety and
efficiency. It develops and produces both standard products and
customer-specific systems for a broad range of uses in a number of sectors
including manufacturing, medical technology, multimedia, transport and
security technology. In its other divisions, AUGUSTA develops and sells
products for the power electronics and mobile measuring technology
segments. AUGUSTA is characterized by an international presence and
excellent customer service.
AUGUSTA generated consolidated sales revenues of EUR 101.3 million and
earnings before interest, taxes, depreciation and amortization (EBITDA) of
EUR 17.9 million in the 2011 fiscal year.
End of Media Release
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Issuer: Augusta Technologie AG
Key word(s): Enterprise
07.08.2012 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Germany
Phone: +49-(0)89-4357155-25
Fax: +49-(0)89-4357155-65
E-mail: charlotte.kiehne(at)augusta-ag.com
Internet: www.augusta-ag.com
ISIN: DE000A0D6612, DE0003705992
WKN: A0D661, 370599
Indices: CDAX, PRIMEALL
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP-Media
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180787 07.08.2012
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