Techem AG
Techem Expands in the Netherlands
Techem AG / Acquisition 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. ---------------------------------------------------------------------- Eschborn, 11 April 2007 – Techem has taken over Dutch heat measurement service provider Zwaans Concept Warmtemeting B.V. The company, which is seated in Heerhugowaard, services 88,000 devices and achieved revenue of just under 1.7 million euros and an EBIT margin of over 20 percent in 2006. By means of the purchase, Techem has significantly increased its market share and revenue in the Netherlands and will now service about 530,000 devices with more than 30 employees. The acquisition opens the way for Techem to enter the Amsterdam conurbation. The former owner of Zwaans Concept Warmtemeting, Marcel Zwaans, will become head of sales at Techem Energy Services B.V. Techem’s headquarters in the Netherlands will remain in Breda. It was agreed that the purchase price would not be disclosed. 'The purchase means that we will strengthen our position in the Netherlands and acquire an excellent head of sales who will advance our growth further,' said Horst Enzelmüller, the chairman of the Techem Board of Directors. Investor Relations contact: Curd-Hasso von Flemming Tel. + 49 6196 522 2838 c.flemming@techem.de Press contact: Stefan Lutz Tel. + 49 6196 522 2990 stefan.lutz@techem.de DGAP 11.04.2007 ---------------------------------------------------------------------- Language: English Issuer: Techem AG Hauptstr. 89 65760 Eschborn Deutschland Phone: +49 (0)6196 522-0 Fax: +49 (0)6196 522-3000 E-mail: investor@techem.de www: www.techem.de ISIN: DE0005471601 WKN: 547160 Indices: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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