Main Parsytec shareholder sells share package
Aachen (euro adhoc) -
Strong synergies for customers, technology and shareholders Leading international supplier of surface inspection formed
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companies/Change of main shareholder
23 July 2007. Parsytec AG - the world´s leading supplier of surface and web inspection systems for strip products - announces that Falk Kuebler, its previous main shareholder, today sold his shares of approximately 48% of the share capital to ISRA VISION AG, Darmstadt.
Falk Kuebler explains, "After my departure from Parsytec one year ago, I looked for the best way to help the company I founded 22 years ago to establish a strong strategic management again. Here the Supervisory Board of former Parsytec top executives played an extraordinarily valuable and qualified role for which I would like to thank them expressly. In a complex situation with various interests, the Supervisory Board made first-class alternatives possible, both in the sense of the shareholders and also for customers and employees. With care, expert knowledge and the use of its network, it enabled new strategic management and perspectives for the company. I am happy that on this basis I could decide to transfer my share package to ISRA VISION AG. In my view this results in an internationally very strong, but still medium-sized German provider of machine vision technology and applications right up to yield management. I wish the acquirer the luck which typically follows proficiency!"
Parsytec AG is the world´s largest vendor of surface inspection systems: today, 10 of the Top 10 steel producers and 15 of the Top 20 paper producers apply Parsytec products. With more than 450 installations worldwide, espresso by Parsytec is the most advanced surface inspection system providing customers in the Steel, Aluminum and Paper industry with reliable and comprehensive information about the relevant surface defects at all production steps. The innovative software platform parsytec 5i enables customers to easily create individual surface quality yield management applications and integrates surface quality data with process data. Parsytec is headquartered in Aachen, Germany, and maintains subsidiaries in North America, Korea, and China.
end of announcement euro adhoc 23.07.2007 20:20:08
Further inquiry note:
Investor Relations
Tel.: +49 (0)241-9696-200
Fax.: +49 (0)241-9696-500
E-Mail: ir@parsytec.de
Branche: Software
ISIN: DE000A0JQ4J9
WKN: A0JQ4J
Index: Prime All Share, Technologie All Share, CDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade