Acquisition

Holders Technology PLC 29 November 2002 Holders Technology plc announces that it has reached agreement with Cimatec GmbH Produkte fur Leiterplatten (Cimatec) to purchase the assets and business of Cimatec's materials division. Cimatec, which is based near Frankfurt, Germany, provides materials to the printed circuit board industry in Germany and other European countries. Commenting on the agreement, Holders Technology Chief Executive, Rudi Weinreich, said: 'The acquisition of the Cimatec materials business will strengthen Holders European coverage to the PCB industry. Cimatec has a strong product range and excellent production facilities that are highly complementary and an excellent strategic fit with the existing Holders Technology business. The PCB industry remains depressed and further consolidation is inevitable. We are alert for additional opportunities and it remains our intention to strengthen our links to the Far East'. Holders has formed a new 100%-owned subsidiary, called HT Cimatec GmbH to acquire the Cimatec materials division. The assets to be acquired consist of fixed assets, stock and the outstanding order book. Total consideration is Euro 1,131,000 (approx £716,000) payable in cash of which 70% is payable on completion and the remainder after three months. In the 9 months to 30 September 2002, Cimatec's materials division had sales of Euro 7.3 million (£4.6 million) from sales of drilling materials, laminate accessories, copper foils, solder masks and lacquers. For further information please contact: Rudi Weinreich, Chief Executive 0208 343 7095 John Wakefield, Rowan Dartington & Co. Limited 0117 933 0020 This information is provided by RNS The company news service from the London Stock Exchange
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