EMTS Technologie AG
EMTS Technologie AG english
EMTS buys a Company in Finland and becomes market leader in Finland
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Salzburg, December 18, 2002
EMTS buys a Company in Finland and becomes market leader in Finland
After entering the Finnish market in 2001, EMTS Technologie AG has purchased the
service unit of the Company Teleheino Oy/Tampere and now obtains the market
leadership in Finland in the field of services for mobile phones. With this
acquisition EMTS also takes over the service agreement already in place between
Teleheino and Nokia.
By end-2002 Teleheino will have serviced approx. 25,000 mobile phones, with
revenues generated expected to amount to EUR 662,000. For the year 2003, the
number of mobile phones to be serviced is anticipated to rise to roughly 32,000
units, with revenues forecast at approx. EUR 815,000.
The purchase price was fixed on the basis of the number of mobile phones
serviced in the period from November 2002 through November 2003: with a service
volume of 25,000 units, the purchase price will amount to EUR 100,000; if the
number of units serviced rises to 25,000-35,000, this will call for an
additional payment of EUR 100,000 to be made, and if the number of units exceeds
35,000 an additional EUR 200,000 will be paid. The maximum purchase price is
EUR 300,000.
The service unit of Teleheino will be consolidated in the Group financial
Statements of EMTS Technologie AG with retrospective effect as of November 1,
2002. The service unit now taken over employs 9 people.
Investor Relations: E-mail: investor.relations@emts.at
Tel.: +43-662-623 391-0
Group Liaison Officer: Karin Keglevich
E-mail: keglevich@spa.co.at
Tel.: +43-1-532 25 45-10
end of ad-hoc-announcement (c)DGAP 18.12.2002
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt und München
181842 Dez 02
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