Deutsche Effecten- und Wechsel-Beteiligungsges. AG
EANS-News: DEWB sells KSW Microtec
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Subtitle: SMARTRAC to acquire Dresden-based RFID specialist Jena, December 14, 2011 (euro adhoc) - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB) today announced the sale of its investment holding KSW Microtec Holding AG and its operational subsidiary, KSW Microtec AG, Dresden. The purchaser is SMARTRAC N.V., Amsterdam, Netherlands, a leading developer, manufacturer and supplier of RFID transponders. SMARTRAC will take over KSW for total cash consideration of EUR 24 million. The payment will be made in three tranches. The first tranche, in the amount of EUR 12 million, will be made upon closing of the transaction. Two additional tranches, in the amount of EUR 6 million each, are due on August 31, 2012 and December 31, 2013, respectively. Payment of the second and third tranches is not linked to the achievement of any performance measures. DEWB has been associated with KSW since 2001, initially with a 10 percent share in the company. In 2006, as part of a leveraged buyout, DEWB acquired a share of 100 percent in the company. KSW currently employs 72 staff in Dresden and is projecting a turnover of approximately EUR 12 million in the current financial year. "Over the past few years, we have worked consistently at developing KSW, from its position as a mass supplier in the standard inlay business, to that of an innovator within the RFID industry, supplying technologically advanced products. Therefore, we have been able to successfully position KSW on the market. We are delighted to have won SMARTRAC, the world leader in RFID inlays for ePassports and ePayment applications, as purchaser", said Falk Nuber, Member of the Management Board of DEWB AG. "The association of SMARTRAC and KSW, and the combination of their respective well-established alternative engineering concepts, will create a unique and comprehensive product and technology portfolio in the industry. The sale of KSW is the fourth exit by DEWB in the last six months. DEWB is planning to close the current financial year with a significant annual net profit. The outlook regarding the equity per share for the year-end is above EUR 2.15. Details will be published in January along with preliminary figures for 2011. 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. Contact: Marco Scheidler DEWB AG Phone: +49 (0) 3641 573 3600 Fax: +49 (0) 3641 573 3610 E-Mail: ir@dewb-vc.com www.dewb-vc.com 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 the global market leader 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. About KSW 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 Further inquiry note: Marco Scheidler Tel.: +49 (0) 3641 573-3600 E-Mail: marco.scheidler@dewb-vc.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Deutsche Effecten- und Wechsel-Beteiligungsges. AG Leutragraben 1 D-07743 Jena phone: +49 (0)3641 573 3600 FAX: +49 (0)3641 573 3610 mail: ir@dewb-vc.com WWW: http://www.dewb-vc.com sector: Financial & Business Services ISIN: DE0008041005 indexes: stockmarkets: free trade: Berlin, Stuttgart, München, Open Market / Entry Standard: Frankfurt language: English