DGAP-News: Balda AG acquires joint venture Balda Lumberg Deutschland completely
12.11.2008
Balda AG / Key word(s): Acquisition
12.11.2008 08:29
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Bad Oeynhausen, November 12, 2008 – Balda AG, listed in the Prime Standard
segment of the Frankfurt Stock Exchange, has acquired the entire stake in
the joint venture company Balda Lumberg Deutschland GmbH & Co. KG, Bad
Oeynhausen, from the Lumberg Group, Schalksmühle, effective as of
immediately.
The company, now fully owned by Balda AG, is the holding company of the two
Brazilian Group companies located in Sao Paulo and Manaus. The involved
parties have agreed to observe secrecy with respect to the details of the
purchase agreement.
The Brazilian Group companies represent around 5 per cent of Group sales of
207.1 million euros as of September 30, 2008 (quotal consolidation). Balda
is not likely to invest further in Brazil. Until further notice the two
companies will be consolidated at 100 per cent. With this acquisition Balda
is keeping all options open how to proceed in Brazil.
* * *
Company profile Balda AG
The Balda Group develops and produces highly integrated devices comprising
plastic and electronic components, primarily for the telecommunications
sector. In addition, the company manufactures high-tech components such as
headphones and hands-free sets.
The future is derived from past experience. Balda has developed an active
culture of continuous transformation through the traditions established
within the hundred years of its existence. Since its founding, innovation
and technology have been the significant driving forces of progress and the
guarantors of corporate success. Today, Balda is an internationally
positioned high-tech company with innovative products and a high
performance capacity.
Balda AG, which is registered in the Prime Standard on the German Stock
Exchange, services international brand-name clients in the mobile
telecommunications sector, medical technology and other similar markets.
The Group produces close to its customers’ locations in the expanding
growth markets. With four production facilities, the Group has a strong
position in China and Malaysia. Plants in Brazil and India, as well as the
facility in Germany for Balda Medical, underline the Group’s international
focus. Within the framework of a shareholding in a leading producer of
touch screens in China, Balda is participating in the dynamic development
in the touch-sensitive display sector.
The vision was and is clear: Balda will strengthen its technological
innovations potential and further expand in the promising growth regions of
Asia. Balda will thus achieve the conditions for profitable growth and a
sustainable increase in added value.
* * *
This corporate news includes ‘forward-looking statements’ which are based
on the current expectations of the management of Balda. They are subject to
risks and uncertainty because they relate to events and depend on
circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This corporate news is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities
Act.
If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 69 710456450. Email: croehl@balda.de, Internet:
www.balda.de
12.11.2008 Dissemination of a Corporate News, transmitted by DGAP –
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
E-mail: info@Balda.de
Internet: www.balda.de
ISIN: DE0005215107
WKN: 521510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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