RoodMicrotec strengthens equity position with almost EUR 2.0 million
(Thomson Reuters ONE) -
RoodMicrotec N.V. has successfully secured mezzanine capital of ? 1.994 million
without repayment obligation, providing a long-term strengthening of the
company's equity position.
As part of the transaction, the company has placed pension commitments of an
equivalent amount with a German pension fund. Thus, this fund has taken over the
annual pension payments to pensioners of approximately ? 205,000. RoodMicrotec
will pay 11.7% annual interest on this mezzanine capital (equity component), or
? 233,000.
'This amount of ? 2.0 million is a significant improvement of our equity
position, while at the same time improving our credit rating, which in turn will
positively impact future debt interest rates,' Philip Nijenhuis, RoodMicrotec
CEO stated.
The Luxembourg-based PLENTUM-Gruppe, which supervised the placement, has been
successful in financing and outsourcing pension commitments since 2008. 'We are
a specialised financing partner for medium-sized companies. With our financial
resources, RoodMicrotec will be able in the next few years to focus on expanding
its worldwide operations, and has at the same time secured consistent and long-
term financing of the obligations arising from existing pension commitments,'
Jörg Flohr, chairman of the board of PLENTUM-Gruppe, added.
RoodMicrotec aims to grow further over the next few years, both in terms of
sales and result, while ensuring healthy balance sheet ratios.
About RoodMicrotec
With 40 years' experience as an independent value-added microelectronics and
optoelectronics service provider, RoodMicrotec offers a one-stop shopping
proposition to fabless companies, OEMs and other business partners.
RoodMicrotec has built up a strong position in Europe with its powerful
solutions. Its services comply with the highest industrial and quality
requirements demanded by the high-reliability/aerospace, automotive,
telecommunications, medical, IT and electronics sectors.
'Certified by RoodMicrotec' concerns certification of products inter alia to the
stringent ISO/TS 16949 standard for suppliers to the automotive industry. The
company has an accredited laboratory for testing and calibration activities in
accordance with the ISO/IEC 17025 standard.
The value-added services include failure & technology analysis, qualification &
monitoring burn-in, test- & product engineering, production test (including
device programming and end-of-line service), ESD/ESDFOS assessment & training,
quality & reliability consulting, supply chain management and total
manufacturing solutions with partners.
RoodMicrotec has facilities in Germany (Dresden, Nördlingen, Stuttgart) and in
the Netherlands (Zwolle).
For further information:
Philip Nijenhuis, CEO
Telephone: + 31 (0)38 4215216
Email: investor-relations(at)roodmicrotec.com
Website: www.roodmicrotec.com
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: RoodMicrotec N.V. via Thomson Reuters ONE
[HUG#1474440]
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2010 - 08:56 Uhr
Sprache: Deutsch
News-ID 49927
Anzahl Zeichen: 3750
contact information:
Town:
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Kategorie:
Business News
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