euro adhoc: Catalis N.V.
Mergers - Acquisitions - Takeovers
Catalis N.V.:
Acquisition of IQC Inc., Los Angeles
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
06.10.2005
Eindhoven, October 6, 2005 - Catalis N.V. announces the successful acquisition of IQC Inc. (IQC stands for "International Quality Control"), Los Angeles, a former direct competitor in the area of DVD Home Entertainment. Through the acquisition Catalis gets access to a broader range of clients and strengthens its position in upcoming technologies like Blu-Ray and HD-DVD. Furthermore the acquisition triggers accelerated growth in certain new services (i.e. emulation), where IQC builds on a stable client base and employs a substantial number of well qualified staff.
Consideration for 100% of the shares of IQC consists of a cash payment amounting to euro 1.7 million and 1,000,000 new shares in Catalis to be issued against contribution in kind. The new shares will be held by the former owner of IQC, who will join Catalis in a senior role for at least 4 years.
Following this transaction Catalis confirms its revenue target of between euro 9 million and euro 11 million and its profit target of between euro 2.5 million and euro 3.5 million for the fiscal year 2006. Catalis believes that it has achieved a further milestone in growing profitably, broadening and diversifying its client base and positioning the company in promising areas.
end of announcement euro adhoc 06.10.2005 15:45:41
Further inquiry note:
Sarah McTweed
Catalis N.V. (UK Office)
Eastside Complex
Pinewood Studios
Pinewood Road
Iver, Buckinghamshire
UK
SLO 0NH
Tel Nr.: + 44 (0)1753 783330
Fax Nr.: + 44 (0)1753 783332
Branche: Semiconductors & active components
ISIN: NL0000233625
WKN: 927093
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade