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

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    München (ots Ad hoc-Service) -      

    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.

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Original-Content von: PVA TePla AG, übermittelt durch news aktuell

Weitere Meldungen: PVA TePla AG

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