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FORTEC ELEKTRONIK AKTIENGESELLSCHAFT (FRA:FEV) FORTEC Elektronik Aktiengesellschaft: Participation at Data Display GmbH

Directive transparence : information réglementée

22/09/2014 21:36
FORTEC Elektronik Aktiengesellschaft / Key word(s): Investment/Strategic Company Decision 22.09.2014 21:36 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- As per 01.10.2014 FORTEC Elektronik AG will have a 50% participation at Data Display GmbH (www.datadisplay-group.de) and the option to take over the remaining 50% of the Company within the period of 01.01.2016 up to 31.12.2020. During last BY 2013 (01.01.-31.12.2013), the Data Display group achieved a turnover of 23.4 million EUR and a net income of 0.8 million EUR. In Germany, Distec GmbH with subsidiaries in Germering near Munich and in Eisenach belongs to the Data Display group as well as Display Technology Ltd., England and Apollo Display Technologies Corp, USA. FORTEC herewith strengthens its market segment of data visualization - in last BY 2013/14 (1.7.2013-30.06.2014) a turnover of 19.2 million EUR was achieved accompanied by a relevant annual net income of 0.3 million EUR. Due to the acquisition of Data Display, FORTEC has access to its TFT controlling solutions as well as to the newest generation of optical bonding technique. The professional display systems for industry and digital signage developed by Data Display ideally complement FORTEC's existing product portfolio. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: FORTEC is a technology company ranging in the fields of industrial power supplies and data visualization. During last BY 2013/14 it achieved a turnover of 45.4 million EUR at an annual net income of 1.5 million EUR. At balance day 30.06.2014, FORTEC possesses a net equity of 22.1 million EUR, has no bank obligations and cash-on-hand reserves of 8.7 million EUR. FORTEC is noted at Prima Standard and year by year generates profit without interruptions for 30 years. 22.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: FORTEC Elektronik Aktiengesellschaft Lechwiesenstrasse 9 86899 Landsberg/Lech Germany Phone: +49 (0)8191 91 172-0 Fax: +49 (0)8191 91 172-22 E-mail: aktie@fortecag.de Internet: www.fortecag.de ISIN: DE0005774103 WKN: 577410 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------