EANS-Adhoc: Miba Aktiengesellschaft / Miba Acquires Producers of Power Electronics Components

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

01.09.2010

Miba Acquires Producers of Power Electronics Components

- Miba continues expansion strategy with move into growth area - energy
    - EBG and DAU will be part of the Miba Group as of September 1, 2010
    - Styria-based companies with annual sales of approximately EUR 30 million
      and staff headcount of around 130

Miba, strategic partner to the international engine and automotive industry,
has acquired EBG and DAU, producers of power electronics components, as of
September 1, 2010. The Styrian group, which generates annual sales of EUR 30
million, has production sites at two locations in Styria (Austria).

EBG and DAU are innovative specialists in passive electronic components such as
resistors and cooling systems for power electronics. The hitherto family-owned
companies employ around 130 people at their Kirchbach and Ligist sites in
Styria.

"In acquiring these companies Miba is continuing with its growth strategy. This
is a move into a new area of technology and products with enormous potential
for the future, and constitutes active investment in a major trend - energy.
High-performance components for power electronics are a key to more efficient
drive systems and the steadily growing use of renewable energy sources such as
wind power," explains Miba CEO Peter Mitterbauer.

EBG is a specialist in passive electronic components. At its Kirchbach site in
south-east Styria it develops and produces precision high-voltage, high-
performance resistors. EBG has operations all around the world, and its client
list includes a number of major power electronics groups. In development and
production, the company focuses on technologically advanced niches and special
applications and is valued by its clients as a high-quality, high-end partner.

DAU is an internationally known development partner and provider of thermal
solutions such as air-cooled and liquid-cooled heat sinks and heat pipes. It
develops high-performance heat sinks for power semiconductors used to control
for example engines and electrical drive systems.

"The Miba vision is 'No power train without Miba technology'. By acquiring EBG
and DAU we're taking another step towards achieving that vision and moving into
an absolute growth area - energy generation, energy utilization and electrical
drive systems. The new companies will broaden Miba's product portfolio and
strengthen its competencies in future-oriented technologies," says Mitterbauer.

EBG and DAU will pursue their technology leadership and, as part of the Miba
Group, will be oriented to profitable growth.

end of ad-hoc-announcement
================================================================================

The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner
to
the international engine and automotive industry. Sintered components,
engine
bearings, friction materials and coatings for motor vehicles, railways,
ships,
aircraft and power stations are produced at twelve sites worldwide.
Miba
products make vehicles more efficient, safer and more environmentally
friendly.
Miba has around 2,700 employees, over half of whom work at the Austrian
sites
in Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year, sales
of

the listed company totaled 311.8 million euros with an operating  result 
(EBIT)
of                    16.4                    million                    
euros.

Further inquiry note:
Mag. Eva Almhofer-Amering
Corporate Communications
Tel.: +43/7613/2541-1117
mailto: [email protected]

Investoren/Analysten
Mag. Hannes Moser
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:[email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer:   Miba Aktiengesellschaft
          Dr.Mitterbauer-Straße 3
          A-4663 Laakirchen
phone:    07613/2541-0
FAX:      07613/2541-1010
mail:     [email protected]
WWW:      www.miba.com
sector:   Industrial Components
ISIN:     AT0000734835
indexes:  Standard Market Auction

stockmarkets: official market: Wien
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print