Funkwerk AG
Funkwerk AG sells Microsyst Systemelectronic GmbH
Funkwerk AG / Key word(s): Disposal 02.05.2013 14:25 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc release pursuant to Section 15 of the German Securities Trading Act (WpHG) 2 May 2013 Funkwerk AG sells Microsyst Systemelectronic GmbH Further step in focusing on core business Kölleda, 2 May 2013 - Funkwerk AG, Kölleda, has sold its 100 per cent share in subsidiary Microsyst Systemelectronic GmbH (Microsyst GmbH), Weiden/Bavaria, in a management buyout to the company's authorised signatory. The purchasing contract signed today is subject to the condition precedent of approval by the external financing partners of Funkwerk. The transfer of the shares will be backdated to 1 January 2013. Details of the purchase price have not been disclosed. The main segment of Microsyst GmbH, a manufacturer and supplier of display systems for industrial applications, is focused on large-format displays used for processes such as assembly lines in the automobile industry. Generating revenues of around EUR 7m with a workforce of some 40 staff in 2012, the Bavarian company also specialises in solutions for paperless order picking. Over the last two years, Funkwerk AG has implemented a comprehensive restructuring programme designed to increase its efficiency and in the process has shed several peripheral sectors which are not considered part of its core business. As a result, Funkwerk now focuses entirely on its two strategic segments Traffic & Control Communication (TCC) and Security Communication (SC), enabling the company to use its resources more strategically and effectively. At the same time, the sale will further consolidate the financial situation in the group. For further information please contact: Funkwerk AG Im Funkwerk 5 99625 Kölleda/Thuringia Germany Kerstin Schreiber Tel: 03635 458 500 Fax: 03635 458 399 E-mail: ir@funkwerk.com 02.05.2013 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: Funkwerk AG Im Funkwerk 5 99625 Kölleda Germany Phone: +49 (0)3635 600 0 Fax: +49 (0)3635 600 507 E-mail: info@funkwerk.com Internet: www.funkwerk.com ISIN: DE0005753149 WKN: 575314 Listed: Regulierter Markt in München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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