ADS System AG
Ad hoc-Service: ADS System AG englisch
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ADS System forges into the Swiss market by making further acquisitions.
Bad Homburg, July 28, 2000. All shares of Swiss company Hofmann +
Boschung AG and HOBO + Partner Elektroingenieure AG are to be taken over
by the ADS System Group retroactively as of January 1, 2000. An purchase
agreement was signed in Basle yesterday evening. It has been arranged to
keep the purchase price secret.
With a joint workforce of about 70 employees, the two Basel companies
command a strong market position in North West Switzerland for passive
components and cabling technology and planning. They are therefore an
ideal addition to the services portfolio of Indata Systems AG which
ADS System took over in June and which focuses more on the active side
(Internet working,messaging, etc.). The three Swiss companies give the
ADS System Group direct access to the two most economically significant
regions of Switzerland -the Zurich district and North West Switzerland.
This provides the ideal basis for penetrating the entire Swiss market
for network services.
After taking over the Swiss Indata Systems AG, Dierikon/Lucerne
and opening a Vienna branch, the ADS System Group has made these new
acquisitions as a further step in the Europe strategy announced by the
parent company ADS System AG at its stock market launch last November
(security code no.514780).
Strategic reorientation
Hofmann + Boschung AG has operated in the Basel district for over 30
years and together with HOBO + Partner Elektroingenieure AG it has a wide
customer base including companies of repute from industry and the
financial and public service sector (e.g. UBS, Messe Basel, Migros,
DG Bank). Both companies make a large proportion of their sales with
services. The strategic reorientation of the two companies will primarily
involve the development of the data cabling business using the know how
of the ADS System Group. Beyond this, all the core competences of the
ADS System Group are to be gradually offered in Switzerland.
ADS System has already begun to expand the sales and service organisation
to focus on key IT markets of the future, such as the integration of
voice and data communication, in Switzerland as well. The ADS System
Group is particularly well known for its pioneering role in translating
voice over IP technology into marketable solutions. The main business of
the three Swiss subsidiaries will therefore very soon be including Voice
over IP/Multiservice, IP over Broadband and Security.
The reorientation of the companies is expected to create extra jobs.
The former management, with its experience and knowledge of the Swiss
market, will be retained by ADS System. From the previous owners and
founders of both companies, Erich Hofmann will move over to the
supervisory board. Fernand Boschung will take on the job of a consultant.
For the year 2000, sales of about DM 9.6m and a pre-tax result of about
DM 213k are anticipated for the two Swiss
companies.
Full range of ADS services in German-speaking European countries
By acquiring the new company locations and completing its portfolio of
services in Switzerland, ADS System is now able to offer internationally
operating customers comprehensive service and the benefits of ADS’ entire
head-to-toe performance system in all German-speaking countries – from the
conception and realisation of complex customised network solutions all the
way through to customer support.
Contact:
ADS System AG
Investor Relations
Kay Fautz
Siemensstrasse 25A
D-61352 Bad Homburg
Tel.+49 (0)6172-288-280
Fax +49 (0)6172-288-403
e-Mail IR@ads.de
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