Kontron AG

ots Ad hoc-Service: Kontron embedded computer Kontron acquires majority shareholding in Taiwanese TMC

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    Munic (ots Ad hoc-Service) - Kontron Embedded Computers AG, one of the world's leading suppliers of miniaturised computers, has acquired a majority stake in the South-East Asian embedded computer company Taiwan Mycomp Corp. (TMC) in Taipeh. According to the Board, the previous shareholding of 8 % (2 million shares) has risen to 55 % through the acquisition of a further 26.5 million shares with a total value of 31.8 million DM. Of these, 24 million shares were obtained as a result of an increase in capital while 2.4 million shares were acquired from shareholders. For Kontron, this increased involvement first of all represents an increase in production capacity at lower costs, but it above all means that they have now conducted a successful entry into an attractive, prospering Asian market.

    TMC was founded in the early 1980s and specialises in the development and production of embedded computer boards for use in logistics, transport and automation systems. In the last year, the company achieved a total turnover of about 100 million DM. Approximately 20 percent of the turnover originates from Japan and 22 percent from China.

    TMC has until now exclusively produced basic technology with low margins. But Kontron's strategic integration concept is aiming to achieve improved value creation levels by implementing more complex applications technology at this location in future. Now that, according to the Kontron board, the restructuring measures introduced in TMC to improve performance results have already reached break even point, a total turnover for the year 2001, again of 100 million DM is expected, with a net result of about 5 % of turnover. In the current business year 2000, Kontron's majority shareholding in TMC will result in a further consolidated growth in turnover of approximately 11 million DM.

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