DGAP-News

Manz AG is gearing itself up for the future by making an acquisition in the Battery division

DGAP-News: Manz AG / Key word(s): Acquisition
Manz AG is gearing itself up for the future by making an acquisition
in the Battery division

03.04.2014 / 15:01

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Manz AG is gearing itself up for the future by making an acquisition in the
Battery division

- Manz acquires mechanical engineering division of KEMET (formerly
Arcotronics) in Bologna in Italy

- Enlargement of own technology portfolio by winding technology for
manufacturing lithium-ion batteries

- Opening up market access to attractive new customers in Europe and Asia

- Positive momentum from consumer electronics, e-mobility and stationary
energy storage expected in 2014

Reutlingen, April 3, 2014 - Manz AG, one of the world's leading high-tech
engineering companies with an extensive technology portfolio covering the
three strategic divisions of "Display", "Solar" and "Battery", acquires the
mechanical engineering division of the Italian technology company Kemet
Electronic Italy, a subsidiary of the American KEMET Corporation. With the
consent of the Italian trades union and the supervisory bodies of both
companies, Manz AG and KEMET have agreed on the acquisition of the
engineering division in the Batteries segment as part of an asset deal.
This gives Manz access to patents and property rights as well as the
expertise of Arcotronics, which was acquired by KEMET in 2007. Arcotronics
is an engineering pioneer in battery manufacture with long-standing
business relationships with the leading battery producers worldwide. As a
result of the deal, 83 employees will be transferred to Manz AG. At the
same time, the acquisition enables Manz AG to add proven expertise in
winding technology to its portfolio in the Battery division. Beside the
technology for stacking of electrodes, which is already established at
Manz, this is one of the leading technologies in the manufacture of
lithium-ion batteries for e-mobility, stationary energy storage and in the
consumer electronics field. As a fully consolidated company in the Group,
the subsidiary is expected to contribute around EUR 15 million to Manz AG's
annual revenues with positive effect on net profit in the current 2014
fiscal year. The acquisition is being financed by funds from the capital
increase, which was successfully carried out in November 2013. The parties
have agreed not to disclose the purchase price.

"The acquisition enables us to continue to intensify our commitment to the