SUMIDA AG
Vogt Electronic AG english
VOGT electronic acquires majority holding of printed circuit board manufacturer
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VOGT electronic AG, Erlau, Germany, continues to expand its market position as a
leading manufacturer in the global electrical engineering and electronics
industry. Via the subsidiary VOGT electronic FUBA GmbH, based in Gittelde,
Germany, VOGT electronic AG has now increased its shares in the printed circuit
board manufacturer FUBA Printed Circuits Tunisie S.A in Tunisia from 13.75% to
51.0% and has also assumed operational management. The agreements were signed on
May 14, 2002 in Tunisia – subject to pending approval of the respective
Tunisian boards and committees. The Tunisian company was founded in 1991 and is
located in Bizerte, approximately 60 kilometers north of Tunis. Spreading out
over a manufacturing area of some 4,600 square meters, the plant produces
double-face, through-hole plated printed circuit boards. The facility is
certified according to DIN ISO 9002/QS 9000 as well as DIN ISO 14001 and
generated EUR 14 million sales during the past business year with a workforce of
300 employees. Both parties agreed to non-disclosure with regard to the terms
and conditions of the acquisition of shares.
VOGT electronic AG:
VOGT electronic AG manufactures components, printed circuit boards, assemblies
and systems for the world markets of the electrical engineering and electronics
industry. During the past 2000/2001 business year the enterprise generated sales
of EUR 716.0 million. The electronics Group currently employs over 5,200
members of staff at 14 manufacturing locations in Europe, North America and
Asia.
The subsidiary VOGT electronic FUBA GmbH employs a workforce of just under
1,200 staff and is maintaining manufacturing facilities at locations in Gittelde
and Dresden in Germany, as well as in Tunisia and India. During the past
business year the company contributed EUR 160.0 million to Group sales. In
addition to the main business area involving printed circuit boards, VOGT
electronic FUBA GmbH is also active in the related areas of “component insertion
and equipment building” as well as the innovative and forward looking fields of
“3D technology” and “recycling technology.”
Contact: VOGT electronic AG, Mr. G. Hein, Tel.: +49 – (0)8591/ 937 180, Mail:
ir@vogt-electronic.com
end of ad-hoc-announcement (c)DGAP 15.05.2002
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WKN: 765 933; ISIN: DE0007659336; Index: SDax
Listed: Amtlicher Handel in München und Frankfurt (SMAX); Freiverkehr in Berlin,
Düsseldorf, Hamburg und Stuttgart
150831 Mai 02
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