DGAP-Ad-hoc: Basler AG / Key word(s): Joint Venture Basler AG: Basler AG enters into joint venture with its Chinese distributor taking over its machine vision business 10-Jul-2018 / 07:33 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Adhoc announcement according to Article 17 MAR Joint Venture Basler AG enters into joint venture with its Chinese distributor taking over its machine vision business Ahrensburg, July 10, 2018 - BASLER AG, the leading global manufacturer of industrial cameras, signs a joint venture agreement with its distributor Beijing Sanbao Xingye (MVLZ) Image Tech. Co. Ltd. ("MVLZ") taking over its machine vision business in China. MVLZ has been Basler AG's distribution partner in China for almost twenty years. MVLZ distributes image processing components and advises Chinese customers in the industrial image processing (machine vision) as well as in the scientific imaging sector. Both companies agree to transfer the MVLZ machine vision division into the newly established Basler Vision Technology (Beijing) Co., Ltd. based in Beijing with branch offices in Shenzhen and Shanghai. The transfer includes the machine vision customer base, approximately one hundred qualified employees, necessary office and business equipment as well as inventories. It is planned to have the new organization fully implemented by January 1, 2019. After that date, the former MVLZ organization will focus solely on its scientific imaging business. Within a capital increase, Beijing Sanbao Xingye (MVLZ) Image Tech. Co. Ltd. obtains minority shares in Basler Vision Technology (Beijing) Co., Ltd, which will successively be repurchased by Basler AG by the end of 2021. The parties have agreed not to disclose the acquisition price. The management of the new entity will be staffed by both companies. With this transaction, Basler AG pursues the further expansion of its market position in China. The future direct market presence in China enables Basler to increase its competitiveness, to streamline the supply chain, and to increase agility in the fastest-growing regional market. For many years, MVLZ and Basler have been working together in the Chinese market on a very trustful and successful basis. This joint venture is to further expand the cooperation and to make it even more powerful. ----------------------------------------------------------------------------------------------------------- Basler is a leading manufacturer of high-quality cameras and camera accessories for industry, medicine, traffic and a variety of other markets. The company's product portfolio encompasses area scan and line scan cameras in compact housing dimensions, camera modules in board level variants for embedded solutions, and 3D cameras. The catalog is rounded off by the user-friendly pylon SDK plus a broad spectrum of accessories, including several developed specially for Basler and optimally harmonized for their cameras. Basler has three decades of experience in computer vision. The company is home to approximately 600 employees, at its headquarters in Ahrensburg, Germany, and at its subsidiaries and sales offices in Europe, Asia, and North America. Contact: Basler AG Verena Fehling Tel. +49 4102 463 101 Email: [email protected] --------------------------------------------------------------------------- 10-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Basler AG An der Strusbek 60-62 22926 Ahrensburg Germany Phone: 04102-463 0 Fax: 04102-463 109 E-mail: [email protected] Internet: www.baslerweb.com ISIN: DE0005102008 WKN: 510200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 702963 10-Jul-2018 CET/CEST