euro adhoc: Jetter AG
Mergers - Acquisitions - Takeovers
Jetter agrees capital increase and co-operation with Lumberg (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Ludwigsburg, 17.12.2002 - Jetter AG (Neuer Markt: JTT) and Lumberg Automation Components GmbH & Co. KG, a leading supplier of fieldbus and wiring systems in automation, have signed a letter of intent on Monday, with the objective of establishing a joint distribution company and of Lumberg taking over a share in Jetter. Lumberg shall underwrite a capital increase, out of authorised capital, at a share price of EUR 4.50, leading to a share of 9.1%, which shall be further increased in the future.
The management board expects a significantly widened global market penetration through the joint distribution company, especially for JetWeb products, which are meanwhile proven in projects.
For further information, please contact: Jetter AG, Martin Jetter, CEO Tel.: +49 7141-2550-410 Fax.: +49 7141-2550-484 E-Mail: mjetter@jetter.de
end of announcement euro adhoc 17.12.2002
Further inquiry note:
Günter Eckert
Branche: Semiconductors & active components
ISIN: DE0006264005
WKN: 626400
Index: CDAX Gesamtindex, CDAX Technology, Nemax All Share, Nemax Technology
Börsen: Frankfurter Wertpapierbörse / Neuer Markt
Baden-Württembergische Wertpapierbörse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade