Ad-hoc notification in compliance with § 15 German Securities Trading Law (WpHG)
euromicron strengthens international activity and acquires a 90% stake in Qubix S.p.A., Italy
Frankfurt/Main, November 27, 2008 euromicron AG is establishing euromicron international services GmbH and acquiring 90% of the shares in Qubix S.p.A. networking solutions in Padua, Italy (www.qubix.it) through it. As a result, euromicron has taken a major step in expanding internationally to Italy and non-German-speaking countries in Europe.
The existing Managing Director, Mr. Filippo Gnocco, will retain that post at the company and still hold a 10% stake in it. Since 2001, Qubix has established itself successfully in the Italian and Eastern European markets. Its success is based on end-to-end consulting in network and security solutions, as well as assembly and distribution of high-quality network components and systems. Its employees have a high level of technical know-how and keen focus on customers’ needs. As a result of this acquisition, euromicron will be able to tap further expertise and above all develop the sales markets of Italy and Southeastern Europe. It will also create further opportunities to pool procurement, synergies and benefits for its customers across all sales channels.
The company generates sales in the lower double-digit million euros range, while the purchase price is in the mid single-digit million euros range. Acquisition of Qubix means that euromicron AG will expand its business volume to more than €200 million in 2009.
euromicron AG (www.euromicron.com) is one of the leading solution providers of communications systems and security networks and boasts production expertise in the field of fiber optics technology. Its portfolio comprises planning, implementing and maintaining communications and security networks, as well as developing, producing and distributing network components based on copper, fiber optic and wireless technology.
Contact:
euromicron AG
Investor & Public Relations
Speicherstr. 1
60327 Frankfurt am Main
Phone: 0 69 - 63 15 83 - 0
Fax: 0 69 - 63 15 83 - 17
E-Mail:
ISIN DE0005660005
securities identification number 566000


