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Kölleda, Germany, Jan 25, 2008 - (ABN Newswire) - Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- - Takeover of public address system specialist Bouyer - Increased market access to new customer groups in transport, retail and industry in France
Kölleda/Montauban, 25 January 2008. Funkwerk AG (ISIN: DE 0005753149) continues to consolidate its position as the leading supplier of information systems for transport companies in Europe. With the takeover of the well-established public address system specialist, Bouyer, Funkwerk improved access to the French market and to new customer groups in retail, industry and the public sector. The acquisition of Bouyer will provide Funkwerk with additional sales potential of some 8 mill. Euro per year. The purchase price has not been disclosed.
"We hope to see our resulting local presence give Traffic & Control Communication new impetus in France. At the same time, it will add to our system competence in the area of acoustic information systems." said Funkwerk CEO Dr. Hans Grundner regarding the acquisition.
Steeped in tradition, Bouyer is a company with a reputation well beyond its own borders. It supplies the market for public address systems with a strong brand portfolio. With own production facilities in Montauban, South France, providing public address systems for buildings and properties. The majority of its customers is involved in trade, industry and the public sector. Around 70 per cent of its sales (2006: 8.5 mill. Euro) are generated in France, the remainder in Southern Europe and the Arab region.
The products of Bouyer expand the range of products in the area of Traffic and Control Communication with public-address systems and components for acoustic information systems.
Further information on Funkwerk AG: Based in Kölleda near Erfurt, Funkwerk AG develops, produces and markets professional communication systems used in vehicles, transport and other companies and institutions. With its three segments Traffic & Control Communication (professional communication and information systems for transport and industry), Automotive Communication (communication equipment for vehicles) and Enterprise Communication (messaging systems and network solutions for companies and institutions), Funkwerk occupies a strategically excellent position in future markets. With over 1,560 employees, Funkwerk generates sales of some 300 mill. Euro.
WKN: 575314; ISIN: DE0005753149; Index: HDAX, MIDCAP, CDAX, Prime All Share, TECH All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Bayerische Börse München,
Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;