euro adhoc: Polytec Holding AG / Mergers - Acquisitions - Takeovers / Acquisition of PEGUFORM GROUP - "Advancement to the TOP 100 suppliers of the automotive industry" (E)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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29.08.2008

Hörsching, August 29, 2008 (VSE: PYT) - POLYTEC HOLDING AG acquires PEGUFORM
GROUP, one of the leading European Automotive Suppliers, from CERBERUS Capital
Management L.P. With combined sales of 2.2 billion EUR, POLYTEC GROUP advances
to the TOP 100 Suppliers of the Automotive Industry.

POLYTEC GROUP
POLYTEC GROUP, based in Hörsching/Linz (Austria), is one of the well-known
European suppliers of the automotive- and commercial vehicle industry. With
sales of 800 mill EUR (outlook 2008) and a total of 6,500 employees, the company
produces and assembles on 29 sites in Europe, North America and South Africa.
The core products are door panels, headliners, engine parts and exterior parts
for passenger cars, as well as composites parts (SMC) for commercial vehicles
and passenger cars. The main customers are BMW (26%), Mercedes (12%), VW (7%).

PEGUFORM GROUP
PEGUFORM GROUP, based in Bötzingen (Germany), is one of the leading European
Supplier of systems and modules for the interior and exterior of passenger cars.
In the business year 2007 the company achieved sales of 1.4 billion EUR with its
7,000 employees, a total. The group´s main products are bumper systems and
front-end modules as well as cockpits and door panels. The company produces and
assembles on 18 sites in Europe, Brazil and Mexico and runs 3 joint ventures in
Spain, Portugal and China. The core customers are: Seat (22%), Audi (20%), VW
(20%), BMW (10%).
PEGUFORM GROUP is one of the leading producers of bumper systems and front-end
modules as well as door panels in the European market.

STRATEGIC PURPOSE
The acquisition and combination of PEGUFROM GROUP with POLYTEC GROUP is, with
its new sites in Mexico and Brazil, as well as the joint ventures in China,
Portugal and Spain, an important step to a global positioning of the group. Also
the significance to important customers increased and the market position with
respects to core products improved. As a result of the acquisition POLYTEC GROUP
advances to the TOP 100 suppliers of the automotive industry worldwide (approx.
position 60) with combined annual sales of 2.2 billion EUR.

- Wide positioning within the European Automotive industry
- Gaining a significant market position as supplier of door panels to the German
market
- Gaining a significant market position as supplier of bumper systems and
front-end modules to German and Spanish market
- Strengthen the position as a European producer of composite parts to the
automotive and commercial vehicle industry

The purchase price, which is agreed not to disclosed, will be financed with cash
reserves and the existing credit lines. A capital increase is not necessary and
from today´s view also not planned.

For the closing of the acquisition, which is expected for the end of
September/beginning of October 2008, the consent of antitrust authorities is
required.
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Conference call:
On the occasion of the current development, conference calls for media (10:30
CET) as well as for analysts/investors (1pm CET) are scheduled today. Dial in
data and the presentation can be requested via phone (+43 7221 701 292) or
e-mail ([email protected]).

The CEOs of POLYTEC GROUP and PEGUFORM GROUP are available for One-on-Ones after
the conference call. We ask you to inform us (contact details below) in advance
about your interest.

Media information:
Photographic materials for unrestricted use as well as a presentation with
further information about products, customers and production sites is available
via the link below
www.polytec-group.com

Further information about PEGUFORM GROUP - www.peguform.de

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
[email protected]

end of announcement euro adhoc
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emitter: Polytec Holding AG
Linzer Straße 50
A-4063 Hörsching
phone: +43 (0) 7221 / 701-0
FAX: +43 (0) 7221 / 701-0
mail: [email protected]
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wiener Börse AG
language: English

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