Kahl am Main, November 6, 2005 – The SINGULUS TECHNOLOGIES AG (SINGULUS) concluded an agreement with the main shareholder SES-Beteiligungs GmbH (SES) to acquire 66.28 percent of the shares of competitor STEAG HamaTech AG. Today, the Supervisory Board and the Executive Board of SINGULUS made the respective decisions. The purchase price will be paid in cash with liquid funds available to SINGULUS and totals € 10.1 million at maximum, which corresponds to an amount of € 0.51 per share. This amount is significantly below the proportionate nominal value of € 1 per share and also below the proportionate equity of STEAG HamaTech AG. In addition, a shareholder loan of € 2.2 million will be transferred from SES to SINGULUS. SINGULUS intends to acquire a majority of at least 75 % of the shares of STEAG HamaTech AG.
SINGULUS, as the world’s largest manufacturer of production machines for optical storage media, increases its market position in the recordable segment through this acquisition. SINGULUS expects that the combined pro-forma sales of the two companies will be in the area of about € 350 million in 2005.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main
ISIN: DE0007238909 / WKN: 723890