euro adhoc: HTI - High Tech Industries AG
Mergers - Acquisitions - Takeovers /
HTI FORMALLY CONCLUDES ASSET DEAL AGREEMENT WITH HAT SKINLINE GMBH
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29.01.2008
HTI FORMALLY CONCLUDES ASSET DEAL AGREEMENT WITH HAT SKINLINE GMBH
St. Marien, Austria, January 29, 2008. HTI High Tech Industries AG, a publicly limited company listed on the Prime Market of the Vienna Stock Exchange, announces the formal closing of the asset deal agreement with HAT Skinline GmbH, a Carinthia-based specialist for the development and processing of plastic sheeting. The assets acquired by HTI will be integrated into the newly established company HTP Skinline GmbH, and incorporated into the plastics segment holding HTP High Tech Plastics GmbH. On the basis of this acquisition, HTI plans a further development in the direction of cross-engineering spanning all three core business areas (plastics, metal, mechanical engineering). HTI expects profitable growth from its operations in the automotive, electrical and electronics industries, as well as in the mobile telephony segment through the acquisition of comprehensive technological competencies and the potential to develop new ideas. HTI is currently processing an initial contract to manufacture design keyboards.
For more information, refer to the corporate website of HTI at www.hti-ag.at.
end of announcement euro adhoc
Further inquiry note:
HTI High Tech Industries AG, Nadja Goyer, Investor Relations, Tel: +43 (0) 3862
304-8562, Fax: +43 (0) 3862 304-7598, n.goyer@hti-ag.at
Hochegger Financial Relations GmbH, Dieter Riedlinger, Senior Consultant, Tel:
+43 1 504 69 87, Fax: +43 1 504 69 87 60, d.riedlinger@hochegger.com
Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market