Roth & Rau AG / Key word(s): Miscellaneous

24.05.2011 / 09:30

Roth & Rau AG takes over production assets of Possehl Electronics in China:
- Consistent with 2011 target to further expand service & spare part business in Asia, including creation of resources for the production and procurement of spare parts in China
- Increase presence in growing Chinese market 
- Further milestone within internationalisation strategy
Hohenstein-Ernstthal, 24 May 2011 - Roth & Rau AG has taken over a production site of the Lubeck based Possehl Group (Possehl) in, Shenzhen, China. Alongside production facilities including related equipment, Roth & Rau is also taking over around 145 highly-trained employees. The parties have agreed to maintain confidentiality concerning the purchase price.
With its Electronic Division, Possehl is one of the world's leading manufacturers of lead frames for the semiconductor industry. In addition, Possehl is an important manufacturer of smart cards and a supplier for manufacturers of plug in connectors. Possehl employs some 2,000 staff around the world in it's Electronic Division. At its Shenzhen production site it mainly produces high quality precision tools and parts for the global semiconductor market.

The Roth & Rau Group intends to use the existing infrastructure and available expertise to further expand its spare parts and service business as planned in the dynamically growing photovoltaics market in Asia. 'Maintaining a strong local presence is a precondition for a profitable after-sales business in Asia. Only by having proprietary production on location can we offer our Asian customers an optimal mix of quality, suitable costs and short delivery times', explained Dr. Dietmar Roth, CEO of Roth & Rau AG. With this acquisition, Roth & Rau AG is consistently pressing ahead with its internationalisation strategy.

About Roth & Rau AG
www.roth-rau.com 
Roth & Rau AG, based in Hohenstein-Ernstthal, has been one of the world's leading suppliers of production equipment and innovative production technologies for the photovoltaics industry for more than 10 years. In its photovoltaics segment, Roth & Rau focuses on providing antireflective coating systems and turnkey production lines for use in the manufacture of crystalline silicon solar cells. Further products include thermal processing systems also used in the manufacture of crystalline silicon solar cells, as well as coating systems and turnkey production lines for the manufacture of thin film solar modules. Roth & Rau MicroSystems, a subsidiary located in the Wüstenbrand district, develops and produces process systems for plasma and ion beam enhanced thin film and surface processing methods tailored to customers' specific needs. The customers served by this division particularly include companies in the semiconductor industry, R&D departments in various other industrial sectors, research institutes and universities. The portfolio of the Roth & Rau Group is supplemented by software products in the field of systems management, production monitoring and maintenance and service offerings. Roth & Rau Group employed over 1,200 people as of year-end 2010 and has subsidiaries in Germany, Italy, Netherlands, Switzerland, USA, China, India, Korea, Singapore, Malaysia and Australia. The bearer shares are listed at the German Stock Exchange.

Contact:
Roth & Rau AG
Dr. Silvia Roth
Phone: +49 (0) 3723/6685-333
E-Mail: investor@roth-rau.de

Haubrok Investor Relations GmbH & Co. KG
Simone Cujai
Phone: +49 (0) 211/171835-37
E-Mail: s.cujai@haubrok.de


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Language: English Company: Roth & Rau AG An der Baumschule 6-8 09337 Hohenstein-Ernstthal Deutschland Phone: 03723 6685-0 Fax: 03723 6685-100 E-mail: info@roth-rau.de Internet: www.roth-rau.de ISIN: DE000A0JCZ51 WKN: A0JCZ5 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart  
 
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