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ots Ad hoc-Service: TePla AG <DE0007461006> TePla announces plans for US-Takeover

München (ots Ad hoc-Service) -

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announcement.
The TePla AG, Kirchheim near Munich has announced plans to acquire
100 per cent of the shares of MetroLine Industries, Inc. located in
Corona, California. As indicated by the company in Kirchheim, a
corresponding letter of intent has been signed.
Since 1971, MetroLine Industries develops and markets innovative
plasma-systems primarily for the US-market. The merger is expected to
almost double company turnover of the TePla group, which had sold
plasma technology worth DM 18.4 million in 1999. For the financial
year 2000, combined revenues are expected to exceed DM 45 Million,
raising the planned revenues of TePla by over 70 per cent. Main
source of revenues of MetroLine Industries is North America, in which
the company gained scarcely 90 per cent of its turnover in the recent
years. Hence the US-market, in which TePla has been generating only
up to 5 per cent of its past r evenues, is expected to to become the
region with the largest turnover for the TePla AG.
The MetroLine Industries has specialized in applications in the
growing market of surface technology. The turnover of the TePla Group
in its Surface Technology division is expected to rise almost
fivefold, due to the merger withthe Californian plasma-company. Thus,
the enterprise is complementing the existing business fields of the
TePla AG almost perfectly and extends the business unit Surface
Technology, in which TePla gained scarcely 15 per cent of its 1999
revenues, to become the second large core business area of the TePla
AG.
MetroLine Industries has been operating profitable for 29 of the
30 years since it was established in 1971. Both companies have agreed
not to comment on the purchase price until the final termination of
the negotiations.
End
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