Kontron AG

ots Ad hoc-Service: Kontron embedded computer Kontron acquires Pep Modular Computer GmbH

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    Eching (ots Ad hoc-Service) -      Ad hoc Announcement

    Kontron acquires Pep Modular Computer GmbH

    Kontron Embedded Computers AG, one of the worldwide leading suppliers of miniaturised computers, will acquire, as of 1 September this year, 100 percent of the shares of Pep Modular Computer GmbH, Kaufbeuren. A corresponding contract with the sole shareholder, the Bayerische Landesbank, provides for a purchase price of 28 million DM.

    The Pep Modular Computer GmbH is one of the most established and largest German companies in embedded computer technology. Last year, its staff of 220 generated total sales of approx. 59 million DM. Since 1995, the Venture Capital Group of the Bayerische Landesbank is the sole shareholder of the company, which is specialised in the development and production of embedded computer boards for automation and logistics systems. 60 percent of its sales were generated outside Germany, 25 percent outside the European Union. With subsidiaries in Belgium, Great Britain, France, Poland, Switzerland, Sweden, the USA and Korea, the company has a comprehensive international sales network at its disposal.

    The Kontron board is confident that the new acquisition, Pep will reach break even within the last four months of this year, in contrast to the current light losses and will start to make a profit from 2001.

    For further information: Dr. Udo Nimsdorf, Engel & Zimmermann AG, Agentur für Wirtschaftskommunikation (Business Communication Agency), Schloss Fußberg, Am Schlosspark 15, D-82131 Gauting, Tel: +49-89-8935633, Fax: +49-89-398429, Email: info@engel-zimmermann.de

    Investor relations: Sigrid Seidl, Kontron Embedded Computers AG, Oskar-von-Miller-Str. 1, D-85386 Eching, Tel: +49-8165-8165/77643, Fax +49-8165-8165/77219, Email: sigrid.seidl@kontron.com

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