SUMIDA AG
Vogt Electronic AG english
VOGT electronic strengthens market position by acquisition
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VOGT electronic strengthens market position by acquisition
Electronics Group takes over DeTeWe Produktionsgesellschaft mbH – Demand remains
weak in the electronics industry
Die VOGT electronic AG, based in Erlau, Germany, a leading provider of passive
components, printed circuit boards and electronic systems for the electrical
engineering and electronic industry, has taken a new step in considerably
strengthening its position as a leading manufacturing player. Via its subsidiary
VOGT electronic Witten GmbH, VOGT electronic AG will take over the entire
shares of DeTeWe Produktionsgesellschaft mbH, a subsidiary of DeTeWe Deutsche
Telephonwerke Aktiengesellschaft & Co., headquartered in Berlin, as of June 1,
2002. With this takeover VOGT electronic acquires sales of EUR 40 million during
the ongoing business year, in addition to EUR 80 million in the two following
business years respectively. DeTeWe AG & Co., Berlin was founded as early as
1887. Today, the company ranks among the leading European players in
telecommunication and information technology. In this segment DeTeWe develops
and markets sophisticated solutions for and products for business and private
customers. The portfolio includes ISDN-DECT telephones, terminal adapters and
DSL communication systems for private customers, as well as highly integrated,
customer specific information and communication technology solutions for
business clients. With this recent takeover of DeTeWe Produktionsgesellschaft
mbH, VOGT electronic is continuing to strengthen its position as EMS
manufacturer and system partner. The change in ownership will enable DeTeWe AG &
Co., Berlin, to strengthen its market position and concentrate on its core
competencies in development, marketing and sales. Both parties have agreed to
non-disclosure concerning the details of the takeover. The general economic
situation and demand in the electrical engineering and electronics industry are
lagging behind expectations. As the Association of the Electrotechnical Industry
(ZVEI) recently announced, a market recovery is not in sight before the second
half of 2002. VOGT electronic is well positioned to benefit from the upswing in
the coming business year.
Contact: VOGT electronic AG, Mr. G. Hein, Tel.: 08591/ 937 180, Mail: ir@vogt-
electronic.com
end of ad-hoc-announcement (c)DGAP 06.05.2002
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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
061302 Mai 02
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