DGAP-News Manz AG: sale of shares in Talus Manufacturing Ltd. to finance further growth

Nachrichtenquelle: EQS Group AG
11.11.2020, 09:49  |  130   |   |   

DGAP-News: Manz AG / Key word(s): Disposal
Manz AG: sale of shares in Talus Manufacturing Ltd. to finance further growth

11.11.2020 / 09:49
The issuer is solely responsible for the content of this announcement.


Sale of shares in Talus Manufacturing Ltd. to finance further growth

  • Exercise of the call option: Lam Research Corporation will acquire Manz's 80.5% share in Talus Manufacturing Ltd. 
  • Date of legal validity depends on official approvals
  • Sales proceeds are primarily intended to strengthen the strategic core segments, especially the Energy Storage segment

Reutlingen, November 11, 2020 - U.S. based Lam Research Corporation, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, today informed Manz AG that it will acquire the interest in Talus Manufacturing Ltd. held by Manz Taiwan Ltd. Lam Research Corporation's interest in Talus Manufacturing Ltd. had previously amounted to 19.5%. By exercising the contractually agreed call option, Lam Research will acquire the remaining 80.5%. The exact date from which the acquisition will be legally effective is still subject to regulatory approvals in Taiwan. The agreed selling price is in the mid double-digit million-euro range. Among other things, the proceeds are to be invested in the expansion of the dynamically growing Energy Storage segment, thus strengthening the core business.

Talus Manufacturing started operations in Taiwan in 2016 and has since been managed within the Contract Manufacturing segment. As a "Global Refurbishment Center", the company focuses on the modernization and refurbishment of existing equipment for the production of semiconductors. An average annual growth rate of around 125% since Talus Manufacturing was founded reflects the successful cooperation between Manz and Lam Research.

Martin Drasch, Manz AG's CEO, comments: "With Talus Manufacturing, we can look back on a successful cooperation with Lam Research in Taiwan, which was reflected not only in the company's positive earnings growth. Since its inception in 2016, the value of our share in Talus Manufacturing has increased significantly. The resulting one-off effect on earnings therefore enables us to invest even more heavily in our strategic core business and to exploit existing growth opportunities even more efficiently".

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Manz Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



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DGAP-News Manz AG: sale of shares in Talus Manufacturing Ltd. to finance further growth DGAP-News: Manz AG / Key word(s): Disposal Manz AG: sale of shares in Talus Manufacturing Ltd. to finance further growth 11.11.2020 / 09:49 The issuer is solely responsible for the content of this announcement. Sale of shares in Talus …

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