DGAP-News: Softing AG / Key word(s): Acquisition Softing acquired Psiber Data 13.12.2013 / 16:10 --------------------------------------------------------------------- Effective as of January 1st, 2014, Softing AG has acquired 100% of the shares of Psiber Data GmbH, headquartered in Krailling, south of Munich. Softing puts into practice its search for companies with a tight strategic fit, as Softing has communicated in recent months. Psiber is a profitable company with a growing product portfolio consisting of Psiber's own products and distribution products. Psiber is a provider of devices for the diagnosis of Ethernet cables (copper and fiber optics) which are used in industrial automation networks, in office networks and in the communication backbones of computer centers. Psiber is a technology leader in this market. It is the only company with devices capable of measuring cables up to the latest CAT 8 specifications. Softing is a leading provider of mobile devices for the diagnosis of networks in the industrial automation sector. Softing's main focus is currently on PROFIBUS networks. Softing does not yet have its own mobile devices for the fast growing market of Ethernet networks in the industrial automation sector. The acquisition of Psiber will not only enable Softing to close its strategic gap of mobile devices for Ethernet networks, it will also give Softing access to the fast growing market of devices to diagnose copper and fiber optic networks in office installations and computer centers. With the acquisition of Psiber, Softing expects to increase its 2014 revenue with devices for the diagnosis of cables and supported networks to a total of approx. EUR 10 million. Due to the initial integration costs it is too early to give numbers for the 2014 EBIT effects of the acquisition. Both parties have agreed to maintain silence about the purchase price. The acquisition is entirely financed with Softing's existing cash position. About Softing: Softing is a global provider of hardware and software for industrial automation and automotive electronics. The company develops high-quality standard technology products in close cooperation with its customers. End of Corporate News --------------------------------------------------------------------- 13.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Softing AG Richard-Reitzner-Allee 6 85540 Haar Germany Phone: +49 (0)89 456 56-333 Fax: +49 (0)89 456 56-399 E-mail: [email protected] Internet: www.softing.com ISIN: DE0005178008 WKN: 517800 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 244769 13.12.2013