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- OTE0001
euro adhoc: Catalis N.V. / Mergers - Acquisitions - Takeovers / Catalis N.V.: Catalis N.V. signs "LoI" to acquire competitor in Poland (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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17.04.2005
Eindhoven, April 18, 2005 - On April 15, 2005 Catalis N.V. has signed
a Letter of Intent to acquire 100% of the shares of competitor Check
Disc Europe, Warsaw, Poland. It is targeted to close the transaction
within two months.
As part of the transaction Testronic Laboratories Ltd., London, a
100% subsidiary of Catalis N.V., will assume operating responsibility
for Check Disc Europe from today, 18th of April, 2005. Therefore
Check Disc Europe’s entire activity will positively contribute to
Catalis N.V.’s´ group results with immediate effect.
Through the transaction Catalis N.V. will increase its capacity in
Europe by more than 25% and in parallel benefit from significant cost
advantages. Catalis N.V. does not rule out to transfer production
partly from London to Poland in the medium term and expects cost
benefits to materialize as early as 2005.
Parties have agreed not to disclose the purchase price. Catalis N.V.
is financing the acquisition from operating cash flows.
Further inquiry note:
Sarah McTweed
Catalis N.V. (UK Office)
Eastside Complex
Pinewood Studios
Pinewood Road
Iver, Buckinghamshire
UK
SL0 0NH
Tel No:+ 44 (0)1753 783330
Fax No: + 44 (0)1753 783332
end of announcement euro adhoc 18.04.2005 07:30:00
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emitter: Catalis N.V.
Aalsterweg 181a
D-NL-5644 Eindhoven
ISIN: NL0000233625
indexes:
stockmarkets:
sector: Semiconductors & active components
language: English
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