ots Ad hoc-Service: TePla AG Agreement signed with MetroLine

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    Muenchen (ots Ad hoc-Service) -      
    TePla AG, Kirchheim near Munich agreed to the one-hundred-percent
acquisition of MetroLine Industries Inc. of Corona, California. TePla
AG, listed on the Neuer Markt, will gain access to the American
market and significantly enhance its market position as a worldwide
operating plasma system producer. Whereas TePla AG achieved approx.
56% or DM 10.4 million of its sales in Europe and another 39% or DM
7.1 million in Asia, MetroLine posted approx. 88% of its sales in the
US market alone. It was particularly in the field of surface
technology (DM 13.0 million in 1999) that MetroLine demonstrated its
powerful position within its domestic market. The merger of these two
companies will enable them to nearly double its revenues. Robert J.
Dykhouse, who as owner of MetroLine, will from now on assume a seat
on the executive board of TePla and so the market's call to expand
the executive board has been answered. According to TePla, settlement
of the DM 20 million purchase price will be made through a stock
trade and in cash.

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

Weitere Meldungen: PVA TePla AG

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