Miba Aktiengesellschaft

EANS-Adhoc: Miba Aktiengesellschaft
Miba Acquires Producers of Power Electronics Components

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Company Information

01.09.2010

Miba Acquires Producers of Power Electronics Components

- Miba continues expansion strategy with move into growth area - energy
    - EBG and DAU will be part of the Miba Group as of September 1, 2010
    - Styria-based companies with annual sales of approximately EUR 30 million
      and staff headcount of around 130 

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010. The Styrian group, which generates annual sales of EUR 30 million, has production sites at two locations in Styria (Austria).

EBG and DAU are innovative specialists in passive electronic components such as resistors and cooling systems for power electronics. The hitherto family-owned companies employ around 130 people at their Kirchbach and Ligist sites in Styria.

"In acquiring these companies Miba is continuing with its growth strategy. This is a move into a new area of technology and products with enormous potential for the future, and constitutes active investment in a major trend - energy. High-performance components for power electronics are a key to more efficient drive systems and the steadily growing use of renewable energy sources such as wind power," explains Miba CEO Peter Mitterbauer.

EBG is a specialist in passive electronic components. At its Kirchbach site in south-east Styria it develops and produces precision high-voltage, high- performance resistors. EBG has operations all around the world, and its client list includes a number of major power electronics groups. In development and production, the company focuses on technologically advanced niches and special applications and is valued by its clients as a high-quality, high-end partner.

DAU is an internationally known development partner and provider of thermal solutions such as air-cooled and liquid-cooled heat sinks and heat pipes. It develops high-performance heat sinks for power semiconductors used to control for example engines and electrical drive systems.

"The Miba vision is 'No power train without Miba technology'. By acquiring EBG and DAU we're taking another step towards achieving that vision and moving into an absolute growth area - energy generation, energy utilization and electrical drive systems. The new companies will broaden Miba's product portfolio and strengthen its competencies in future-oriented technologies," says Mitterbauer.

EBG and DAU will pursue their technology leadership and, as part of the Miba Group, will be oriented to profitable growth.

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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to the international engine and automotive industry. Sintered components, engine bearings, friction materials and coatings for motor vehicles, railways, ships, aircraft and power stations are produced at twelve sites worldwide. Miba products make vehicles more efficient, safer and more environmentally friendly. Miba has around 2,700 employees, over half of whom work at the Austrian sites in Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year, sales of the listed company totaled 311.8 million euros with an operating result (EBIT) of 16.4 million euros.

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Further inquiry note:

Mag. Eva Almhofer-Amering
Corporate Communications
Tel.: +43/7613/2541-1117
mailto: eva.almhofer@miba.com

Investoren/Analysten
Mag. Hannes Moser
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wien / official market

Original-Content von: Miba Aktiengesellschaft, übermittelt durch news aktuell

Weitere Meldungen: Miba Aktiengesellschaft

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