euro adhoc: HTI - High Tech Industries AG / Mergers - Acquisitions - Takeovers / HTI ACQUIRES TECHNOPLAST (E)

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16.04.2008

HTI ACQUIRES TECHNOPLAST

HTI AG expands its Mechanical Engineering segment by acquiring a
100%shareholding of the Technoplast Group, a global provider of extrusion
equipment.

St. Marien, Austria, April 16, 2008 - The publicly listed Austrian industrial
holding company HTI High Tech Industries AG announces the acquisition of the
Technoplast Group. The mechanical engineering company Technoplast is
headquartered in Micheldorf, Upper Austria, its affiliated company Austrotool is
based in Ottsdorf, Upper Austria, and worldwide sales offices are located in the
U.S.A., Russia, China and Turkey. Technoplast is considered to be a leading
specialist in the development, production and sale of extrusion equipment. Due
to its distinctive know-how in profile extrusion technology, Technoplast has
emerged as an internationally recognized expert for manufacturing tooling
systems, downstream lines and turn-key plants designed to produce window
profiles by means of extrusion (plastic and wood extrusion). With a work force
of approximately 200 employees, Technoplast generated total sales of about EUR
21 million in the first three quarters of the 2007/08 business year (as at the
end of March 2008). The Technoplast Group has invested in the European market in
recent years in order to expand its market position. For this reason, the
company is in the midst of a restructuring process. It has not yet fully
succeeded in achieving a turnaround, but this is realistically foreseeable.

The acquisition concluded by HTI AG enables the long-term safeguarding of
Technoplast´s future viability as a company. Within the context of the
transaction, HTI AG has placed 1,000,000 new shares at an issue price of EUR
4.00 per share, excluding subscription rights. HTI AG considers this acquisition
to be an optimal extension of its corporate portfolio. Technoplast and Theysohn
both manufacture complementary products and supply different markets. Synergy
effects and corresponding productivity increases combined with a strengthening
of its technological competence in the field of mechanical engineering underlie
the expected continuation of the entire HTI Group´s profitable growth course. In
addition, rising demand on the Western European window market promises to
increase sales volume and simultaneously raise profitability. HTI AG is also
expanding the Technoplast management team by appointing Mr. Werner Haidenthaler
as Speaker of the Management Board of the Technoplast Group, with responsibility
for managing the company together with Mr. Werner Kampichler and Mr. Sven Wolf.

More information is available on the company´s website at: www.hti-ag.at.

Further inquiry note:
HTI High Tech Industries AG, Ms. Nadja Goyer, Investor Relations, Tel: +43 (0)
3862 304-8562, Fax: +43 (0) 3862 304-7598, [email protected]
Hochegger Financial Relations GmbH, Mr. Dieter Riedlinger, Senior Consultant,
Tel: +43 1 504 69 87, Fax: +43 1 504 69 87 60, [email protected]

end of announcement euro adhoc
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emitter: HTI - High Tech Industries AG
Gruber & Kaja Straße 1
A-4502 St. Marien bei Neuhofen
phone: +43(0)3862/304-8562
FAX: +43(0)3862/304-7598
mail: [email protected]
WWW: http://www.hti-ag.at
sector: Holding companies
ISIN: AT0000764626
indexes: WBI
stockmarkets: official market: Wiener Börse AG
language: English

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