DGAP-News: SMARTRAC signs purchase agreement to acquire KSW Microtec AG
(firmenpresse) - DGAP-News: SMARTRAC N.V. / Key word(s): Mergers&Acquisitions
SMARTRAC signs purchase agreement to acquire KSW Microtec AG
14.12.2011 / 16:39
---------------------------------------------------------------------
Amsterdam and Jena, December 14, 2011 - SMARTRAC N.V., a leading developer,
manufacturer, and supplier of RFID transponders, announced that the company
signed a contract today with Deutsche Effecten- und
Wechsel-Beteiligungsgesellschaft AG, Jena, Germany, regarding the
acquisition of KSW Microtec AG by SMARTRAC N.V. at an amount of EUR 24
million enterprise value. The acquisition is subject to standard closing
conditions.
The acquisition of KSW Microtec AG (KSW) will add KSW's proficient team and
renowned technology to SMARTRAC's strong capability and global network of
research and development, production, and sales locations on four
continents.
KSW and SMARTRAC have very similar positions in the global RFID value
chain. Thus, the acquisition will not create any channel conflicts. The
long-term expertise of KSW in the high frequency (HF) and ultra-high
frequency (UHF) RFID inlay production and proprietary know-how of KSW are
expected to contribute to strengthening SMARTRAC's technology base.
Synergies are also expected to result from joint research and development
activities.
'We are very pleased to welcome KSW Microtec AG in our group of companies.
Thomas Hitzer and his team have a very good reputation in the RFID industry
regarding service orientation and product quality', said Dr. Christian
Fischer, CEO of SMARTRAC. 'KSW's product portfolio and technology range
ideally complement our strong intellectual property. We are very confident
that the acquisition will create value for the employees, global customer
base and stakeholders of our companies.'
The acquisition further extends SMARTRAC's market leading position in the
RFID industry in particular in the access control, e-payment, e-Ticketing,
and asset management application fields as well as for high-security
products for government identification documents.
'The combination of our strong product portfolio and manufacturing concept
with SMARTRAC's widely respected and proven capabilities will create a
comprehensive technology platform for our customers, ' said Thomas Hitzer,
CEO of KSW Microtec AG. 'Together we will lead the industry in providing
smart and secure RFID transponders to meet any deployment preference and
highest quality requirements.'
KSW Microtec AG is headquartered in Dresden, Germany, yet its customer list
includes international players in Europe and North America. KSW
manufactures RFID inlays, prelaminates, and components based on etched and
printed antennas deploying advanced wafer processing, assembly, laminating,
and interconnecting technologies.
The acquisition of KSW enlarges SMARTRAC's presence in Germany to three
locations, including the Group's Corporate Service Center in Stuttgart and
the manufacturing facility in Reichshof-Wehnrath. KSW and the totality of
its 72 employees will continue their business activity in Dresden, Germany.
Under the new ownership, KSW's operations will be integrated into
SMARTRAC's business unit organization and global corporate structure. The
location in Dresden shall be fostered and shall serve as a European
competence center for the Business Unit eID and the competence center for
the development of high-security products for government identification
documents.
About DEWB:
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB AG, ISIN:
DE0008041005) is a listed private equity house that specialises in young
and established medium-sized companies. The investment focus is on strong
growth companies from the areas of photonics and sensor systems for which
DEWB provides support through shareholders' equity, expertise in corporate
development and its sector network. The regional focus lies in the German
speaking countries (D, A, CH). Since 1997 DEWB has invested more than 360
million Euros in 55 companies and realized more than 465 million Euros
through 42 exits, eight of which were in the form of IPOs. The company is
located in Jena, one of the most successful technology and science regions
in Germany, with a long tradition in the field of optical technologies and
one of the most important European centres for photonics.
About KSW Microtec AG:
KSW Microtec AG, founded in 1994, with its headquarters in Germany, is one
of the world's leading suppliers of contactless components for applications
such as Access Control, eGovernment, ePayment, eTicketing and Asset
Management. KSW combines successfully high-end wafer processing, extremely
efficient assembly and lamination technology and far-reaching expertise in
design. KSW has earned itself a leading position on the market as innovator
and one of the most efficient, and simultaneously most flexible, producers
of RFID components. For more information visit: www.ksw-microtec.de
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad range of applications in all current frequency
standards. The company produces both ready-made and customized transponders
for public transport, access control, RFID-based car immobilizers, animal
identification, libraries, industry, and logistics.
SMARTRAC is one of the global market leaders in high-quality RFID inlays
for electronic passports (e-passports) and contactless credit cards
(e-payment) as well as for RFID transponders for public transportation
applications. SMARTRAC was founded in 2000, went public in July 2006, and
trades as a stock corporation under Dutch law with its registered
headquarters in Amsterdam. The company currently employs some 3,300
employees and maintains a global research and development, production, and
sales network.
Forward-looking statements:
To the extent that this ad hoc release contains forward-looking statements,
such statements are based on assumptions, planning, and forecasts at the
time of publication of this ad hoc release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions, and other factors may
cause the actual results to be materially different from the assumptions,
planning, and forecasts at the time of publication of this ad hoc release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this ad hoc release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this ad hoc release.
If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications&Marketing
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler(at)smartrac-group.com
Internet: www.smartrac-group.com
End of Corporate News
---------------------------------------------------------------------
14.12.2011 Dissemination of a Corporate News, 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
---------------------------------------------------------------------
Language: English
Company: SMARTRAC N.V.
Strawinskylaan 8511077 XX Amsterdam
Netherlands
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations(at)smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
149628 14.12.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Aroway Energy Inc. surpasses 2011 production target
Datum: 14.12.2011 - 16:39 Uhr
Sprache: Deutsch
News-ID 97078
Anzahl Zeichen: 7512
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 232 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: SMARTRAC signs purchase agreement to acquire KSW Microtec AG"
steht unter der journalistisch-redaktionellen Verantwortung von
SMARTRAC N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
