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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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08.05.2008
- Hönle advances to become the second largest systems supplier on the
growth market for industrial UV technology - EUR 20 million increase
in annualized consolidated revenue to EUR 65 million - Tapping into a
direct access to sheet-fed offset press manufacturers
Dr. Hönle AG acquires all shares in Hamburg-based Eltosch Torsten
Schmidt GmbH from Advanced Photonics Technologies AG and, in so
doing, continues to expand its position as a systems provider on the
industrial UV technology market. After this acquisition Hönle
considers itself to be the second-largest systems provider worldwide
on this fast-growing market.
Eltosch is among the leading companies in drying technology for
printing machines. For more than 30 years now, the company has been
engaged in developing, producing and selling UV, infrared, and
hot-air dryers, which are primarily used in the offset printing
industry. The company generated revenue of more than EUR 20 million
with about 60 employees in the past financial year. The Eltosch
acquisition increases the Hönle Group´s market share in offset
printing considerably. At the same time, it provides Hönle with
direct access to the sheet-fed offset industry. Renowned companies in
the printing industry are among the key customers with whom, in some
instances, long-standing strategic partnerships have developed.
The acquisition is intended to achieve a sustained increase in the
EBIT margin of Eltosch GmbH through synergy effects in the
production, development, sales and administration segments. Hönle
aims at an EBIT margin of approximately 10% for Eltosch GmbH by the
end of financial year 2010/2011.
With revenue of EUR 26.2 million in financial year 2006/2007,
annualised consolidated revenue rises to about EUR 65 million, taking
the acquisitions realised into account (Panacol Group, PrintConcept
GmbH and Eltosch GmbH). The Hönle Group employees just under 300
people worldwide.
end of announcement euro adhoc
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ots Originaltext: Dr. Hönle AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Peter Weinert
Tel.: +49 (0)89 856 08 173
E-Mail: peter.weinert@hoenle.de
Branche: Instrument Engineering
ISIN: DE0005157101
WKN: 515710
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
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