Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten: Solar-Fabrik AG takes over Centrosolar’s fab 2 in Wismar
Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Key word(s): Acquisition 08.07.2014 18:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Solar-Fabrik AG (ISIN: DE0006614712) will take over fab 2 of Centrosolar's insolvent Sonnenstromfabrik GmbH in Wismar on August 1, 2014, and will continue module production using the existing equipment of the company. Concurrently 143 employees of the insolvent company will find a new employment. The Wismar operation of Solar-Fabrik AG will be hosted by a 100% daughter company, established with 25,000.00 euros equity. The daughter company is managed by Joern Wirth, VP Finance at Solar-Fabrik AG and will be joined on August 1, 2014, by Ralf Hennigs, the long term Managing Director of Centrosolar's Sonnenstromfabrik GmbH. Solar-Fabrik's daughter company today signed rent and lease agreements with the investors who acquire all tangible assets of Sonnenstromfabrik GmbH, allowing the continuation of production in the fab 2 premises as is. Also, Solar-Fabrik's daughter company today signed a purchase agreement with Sonnenstromfabrik's insolvency administrator Gideon Boehm to take over 143 employees as well as the then current inventory on the transition date August 1, 2014, as part of an asset deal. The envisaged transaction allows a smooth transition of fab 2 in Wismar from insolvency back to normal operation, including processing of orders at hand. With an initial investment of approximately 300,000 euros plus the then current inventory on August 1, 2014, Solar-Fabrik AG increases its production capacity combined in Freiburg and Wismar to more than 300 MW per year and acquires the right to manufacture all Centrosolar's original module types. 08.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten Munzinger Str. 10 79111 Freiburg Germany Phone: +49 (0)761 - 4000-0 Fax: +49 (0)761 - 4000-199 E-mail: info@solar-fabrik.de Internet: www.solar-fabrik.de ISIN: DE0006614712 WKN: 661471 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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