FORTEC Elektronik AG:Take over of assets of AUTRONIC Steuer- und Regeltechnik GmbH & Co. KG
19 Apr 2007, 13:19
FORTEC Elektronik Aktiengesellschaft / Acquisition/Letter of Intent Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- FORTEC Elektronik AG intents to take over the assets of AUTRONIC Steuer- und Regeltechnik GmbH & Co. KG. The taking over contract provides a right of retreat and various deferring conditions till May, 15th 2007. AUTRONIC reached a turnover of 5 Million Euro in the fiscal year 2006 and develops, produces and distributes essentially DC/DC converters for customers specifically. FORTEC Elektronik AG provides 1.5 Million Euro from own resources for the purchase of the assets and to finance the business. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: FORTEC Elektronik AG is a technology group in the field of embedded solutions. Last fiscal year turnover was 45 million Euro. The company is listed at the Prime Standard, has no bank obligations and continues making profit year by year since more than 20 years. DGAP 19.04.2007 ---------------------------------------------------------------------- Language: English Issuer: FORTEC Elektronik Aktiengesellschaft Lechwiesenstrasse 9 86899 Landsberg/Lech Deutschland Phone: +49 (0)8191 91 172-0 Fax: +49 (0)8191 91 172-22 E-mail: aktie@fortecag.de www: www.fortecag.de ISIN: DE0005774103 WKN: 577410 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------