Kölleda, 23 February 2007. In its latest efforts to access new customer groups and development competences in the area of information systems for industrial applications, Funkwerk AG (ISIN: DE 0005753149) has acquired 100 per cent of shares of microSYST Systemelectronic GmbH, Weiden, dated 1 January 2007. This 3.25 million Euro investment will provide the specialist in professional communication systems with additional sales potential of over 5 mill. Euro in the current financial year.
Due to its innovative, customised product developments and flexible productions, microSYST has been able to achieve two-digit margins and will make a correspondingly positive contribution to the group results of Funkwerk as early as by the end of this year. Over the next few years, microSYST is expected to grow steadily in the two-digit range in both sales and earnings.
Headquartered in the Upper Palatinate town of Weiden, the company has planned, developed and produced electronic components and systems for special requirements in industry and logistics for over 20 years. Its efforts are focused on display systems for industrial applications and electronic solutions for voucherless goods picking for warehousing and logistics. The customers of microSYST include companies from different sectors of the industry, predominantly the automobile industry, along with mechanical engineering, automatic machine manufacturers and mail order businesses.
On account of its high innovative ability, microSYST is leading in special industrial fields of application such as displays for production lines, goods picking systems and electronic controls for automatic machines. Funkwerk will use this acquisition to complement its market competences in the area of information systems for transport companies and increase the product range in its Traffic & Control Communication segment. At the same time, this move will produce synergy effects in both product development and sales.
For further information contact:
Funkwerk AG Im Funkwerk 5 99625 Kölleda/Thuringia Germany Katrin Schwarz Investor Relations Telephone: 0 36 35/6 00 -3 35 Fax: 0 36 35/6 00 -507 [email protected]