3S Industries AG
3S Industries successfully acquires Somont
3S Industries AG / Acquisition/Corporate Action Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- 3S Industries successfully acquires Somont Lyss, 4 August 2008. 3S Industries AG, worldwide technological leader in laminating lines and testers for solar module products, has completed the acquisition of the producer of automated soldering systems Somont GmbH, based in Umkirch, Germany. With the acquisition, the Group, together with its subsidiaries 3S Swiss Solar Systems AG (manufacturer of laminating lines) and Pasan SA (manufacturer of testers) now encompasses all leading key technology in the area of solar module production. 'We are pleased to successfully complete the acquisition and to take this important strategic step,' stated CEO Dr. Patrick Hofer-Noser. 'It strengthens our market position and competitiveness, as 3S Industries now brings all key technology in module production together under one roof. This allows us to move into new business areas.' The purchase price for Somont GmbH was mainly paid through the issue of 3,794,262 new 3S Industries shares, which will be transferred to the previous owner of Somont. This increases the company’s share capital to CHF 13,857,178. The new shares that have been issued have a lock-up period of between 12 and 24 months. In order to pay the cash part of the purchase price, a part of the revenue from the capital increase completed on 11 July was used. Somont GmbH will be fully consolidated from August 2008. 3S Industries is entitled to the revenue obtained in 2008 up to the time of first-time consolidation and it will be consolidated in 3S Industries’ equity capital. Management assumes that 3S Group sales in 2008 will almost double from CHF 60 million to around CHF 110 million due to the contributions to sales to be taken into consideration from the acquisition as of August, as well as the continued dynamism in the acquired business. 3S Industries AG 3S Industries AG (former 3S Swiss Solar Systems AG) brings the three key technologies in the areas of solar module production, strings, laminators and testers together under one roof. Through the acquisition of Somont, the Group continues its expansion strategy and adds the missing link in the value chain for solar module production in the field of string soldering machines. In the laminating area, 3S Swiss Solar Systems has been a technological world market leader for many years. Having taken over the leading manufacturer of module testers, Pasan SA, in August 2007, 3S Industries acquired its first additional key technology. The three firms operate independently from one another, each focussing on one of the three key technologies. Moreover, 3S Industries integrates this production equipment into turnkey semi-automated production lines; it is also a manufacturer of solar modules and plans and develops building-integrated solar systems. For further information, please contact: Investor Relations Antje Greiner Telephone: +41 (0) 32 391 11 35 Fax: +41 (0) 32 391 11 12 E-mail: aktie@3-s.ch Contact: 3S Industries AG Antje Greiner Tel. +41(0)32 391 11 35 Fax. +41(0)32 391 11 12 aktie@3-s.ch www.3-s.ch Schachenweg 24 CH-3250 Lyss 04.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: 3S Industries AG Schachenweg 24 CH-3250 Lyss Schweiz Phone: +41 (0)32 391 11 11 Fax: +41 (0)32 391 11 12 E-mail: aktie@3-s.ch Internet: http://www.3-s.ch ISIN: CH0042821089 WKN: A0Q48P Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt; Foreign Exchange(s) BX End of News DGAP News-Service ---------------------------------------------------------------------------
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