10.07.2018
STEMMER IMAGING AG DE000A2G9MZ9
DGAP-Adhoc: STEMMER IMAGING AG acquires ELVITEC S.A.S.
DGAP-Ad-hoc: STEMMER IMAGING AG / Key word(s): Takeover
STEMMER IMAGING AG acquires ELVITEC S.A.S.
10-Jul-2018 / 16:08 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.
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Puchheim, 10th July 2018
STEMMER IMAGING AG acquires ELVITEC S.A.S.
STEMMER IMAGING S.A.S., a wholly owned subsidiary of the publicly traded
STEMMER IMAGING AG (ISIN DE000A2G9MZ9/WKN A2G9MZ), has today acquired 100
per cent of the shares in the French ELVITEC S.A.S. in a share deal. The
acquisition of the former competitor is the continuation of the strategy
announced at the time of the IPO of realising non-organic growth potential.
The French distributor ELVITEC S.A.S. was founded in 2002 and is an
established provider of machine vision products and services in France. Its
customers include mechanical engineering companies (OEMs), system
integrators and industrial groups for companies with machine vision
expertise.
The Management Board of STEMMER IMAGING AG expects the acquisition of the
distributor to result in an anticipated additional revenue contribution of
around EUR 9 million and an EBITDA margin at ELVITEC of around 11 per cent
in the 2018/2019 financial year. The company is consolidated retrospectively
from 1 July 2018. Both parties have initially agreed not to disclose the
purchase price.
Contact:
STEMMER IMAGING AG
Astrid Sommerkamp
Marcom & Events Group Manager
Gutenbergstr. 9-13
82178 Puchheim, Germany
Tel.: +49 89 809020-221
[email protected]
www.stemmer-imaging.de
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10-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: STEMMER IMAGING AG
Gutenbergstr. 9-13
82178 Puchheim
Germany
Phone: +49 (0)89 - 809020
E-mail: [email protected]
Internet: www.stemmer-imaging.com
ISIN: DE000A2G9MZ9
WKN: A2G9MZ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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703117 10-Jul-2018 CET/CEST
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