ots Ad hoc-Service: Jetter AG <DE0006264005> JETTER - EBELT - Automation Supplier Jetter takes over HMI-Manufacturer Ebelt

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Automation Supplier Jetter
takes over HMI-Manufacturer Ebelt

Jetter AG (Neuer Markt, Frankfurt: JTT), a leading provider of industrial automation products, takes over 100% of Ebelt GmbH, Ostfildern, retro-actively at 1 May 2000. Ebelt GmbH produces HMIs for industrial automation, and with its wide range of attractive machinery-handling and visualisation products has achieved an average growth rate of 22% over the last years. Ebelt GmbH's turnover for 1999 was DM 5.2 Mio. The Jetter group achieved sales of DM 30.6 Mio. in the fiscal year ended 31 March 2000.

In the impending paradigm shift in the automation business -towards Ethernet-based, integrated controllers with open standards -Jetter has positioned itself as technological leader.

Purchasing Ebelt GmbH is an important step within Jetter's acquisition strategy, which aims at the capacity to offer single-handedly the whole range of automation technology. This "one-stop-shop"-opportunity becomes increasingly more important in the new, open-standard environment of machinery and plant controllers.

An important factor in this acquisition is the complementarity of Jetter's and Ebelt's product range and client structure. Jetter's sales organisation opens up the world market for Ebelt products, which have so far been sold mainly on the German market. Furthermore, Ebelt GmbH's clients have a demand for other automation products, which means an additional market- potential for Jetter.

The acquisition of Ebelt GmbH is still subject to the approval by Jetter AG's relevant bodies. For further informations: Jetter AG, Andreas Gatter (CFO) Tel.: +49 7141-2550-465 Fax.: +49 7141-2550-555 E-Mail: agatter@jetter.de

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