EQS-News

STRATEC SE: STRATEC FURTHER EXPANDS ITS PRESENCE IN USA BY ACQUIRING NATECH PLASTICS

EQS-News: STRATEC SE / Key word(s): Mergers & Acquisitions STRATEC SE: STRATEC FURTHER EXPANDS ITS PRESENCE IN USA BY ACQUIRING NATECH PLASTICS 07.06.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. STRATEC FURTHER EXPANDS ITS PRESENCE IN USA BY ACQUIRING NATECH PLASTICS

• Acquisition of smart polymer-based consumables provider focused on medical applications
• The addition of a local production site will extend STRATEC’s focus on the US market
• Diversification due to high share of recurring sales, extended customer base, and complementary target markets
• Synergies with existing smart consumables business in terms of sales and technology

Birkenfeld, June 7, 2023

STRATEC SE, Birkenfeld, Germany (Frankfurt: SBS; Prime Standard, SDAX) has signed an agreement to acquire Natech Plastics, Inc. (hereinafter: “Natech”), based in Ronkonkoma, NY/USA. Natech designs and manufactures smart polymer-based consumables for customers in medical technology, in-vitro diagnostics, life sciences, consumer goods, and specialist packaging solutions. The company has state-of-the-art production capacities for injection molding and assembly, including clean room production. The transaction price agreed for the company, which has almost no debt, amounts to USD 30.0 million, plus a variable component (earn-out) based on defined performance criteria through to 2025. This will be financed with a newly arranged credit line. Natech generated profitable sales growth in a double-digit percentage range in each of the past three years. In the 2022 financial year, its sales amounted to USD 16.3 million. Accounting for associated financing costs, the acquisition should have a neutral to slightly positive impact on adjusted earnings per share at the STRATEC Group in the 2024 financial year. The completion of the transaction, and thus first-time consolidation, are expected in July 2023.