technotrans AG

ots Ad hoc-Service: technotrans AG technotrans intends to acquire Toolex Electroforming Division

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    Sassenberg (ots Ad hoc-Service) -

    technotrans intends to acquire Toolex Electroforming Division Substantial boost to the fastest growing business sector

    technotrans AG, leading system supplier of units for the production of print and optical storage media, signed the "Letter of Understanding" for the purchase of Toolex International's Electroforming Division, its biggest competitor in the CD/DVD sector. Toolex, like technotrans, produces and sells electroforming units for the production of CD's and DVD's. At today's Optical Media Conference in New York the two companies announced their intention to merge their businesses. This would mean for technotrans to double the fastest growing business area to a turnover in 2001 of prospective 20 million Euro and a market share of over 50 percent.

    The purchase price shall be 10 million Euro, with more than 50 percent to be paid in technotrans shares. technotrans will acquire the complete know-how as well as an installed customer base of 300 to 400 systems world-wide, which will subsequently be supported be technotrans. Toolex will completely withdraw its industrial responsibility in this product field and from January 2001 onwards, will be offering their customers technotrans equipment ("modec.line") or Alpha Plating equipment produced by technotrans.

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