SMARTRAC N.V. / Key word(s): Mergers & Acquisitions
14.12.2011 16:09

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Amsterdam and Jena, December 14, 2011 - SMARTRAC N.V., a leading developer, manufacturer, and supplier of RFID transponders, announced that the company signed a contract today with Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG, Jena, Germany, regarding the acquisition of KSW Microtec AG by SMARTRAC N.V. at an amount of EUR 24 million enterprise value. The purchase price is payable in three tranches. The first tranche in the amount of EUR 12 million is due at closing of the acquisition, and the two additional tranches in the amount of EUR 6 million each will become due on August 31, 2012 and December 31, 2013, respectively. The acquisition is subject to standard closing conditions.
KSW Microtec AG (KSW) and the totality of its 72 employees will continue their business activity in Dresden under the new ownership.
KSW and SMARTRAC have very similar positions in the global RFID value chain. Thus, the acquisition will not create any channel conflicts. The long-term expertise of KSW in the high frequency (HF) and ultra-high frequency (UHF) RFID inlay production and proprietary know-how of KSW are expected to contribute to strengthening SMARTRAC's technology base. Synergies are also expected to result from joint research and development activities.

Forward-looking statements:
To the extent that this ad hoc release contains forward-looking statements, such statements are based on assumptions, planning, and forecasts at the time of publication of this ad hoc release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions, and other factors may cause the actual results to be materially different from the assumptions, planning, and forecasts at the time of publication of this ad hoc release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this ad hoc release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this ad hoc release.

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Information and Explaination of the Issuer to this News:
About DEWB: 
Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB AG, ISIN: DE0008041005) is a listed private equity house that specialises in young and established medium-sized companies. The investment focus is on strong growth companies from the areas of photonics and sensor systems for which DEWB provides support through shareholders' equity, expertise in corporate development and its sector network. The regional focus lies in the German speaking countries (D, A, CH). Since 1997 DEWB has invested more than 360 million Euros in 55 companies and realized more than 465 million Euros through 42 exits, eight of which were in the form of IPOs. The company is located in Jena, one of the most successful technology and science regions in Germany, with a long tradition in the field of optical technologies and one of the most important European centres for photonics.
About KSW Microtec AG:
KSW Microtec AG, founded in 1994, with its headquarters in Germany, is one of the world's leading suppliers of contactless components for applications such as Access Control, eGovernment, ePayment, eTicketing and Asset Management. KSW combines successfully high-end wafer processing, extremely efficient assembly and lamination technology and far-reaching expertise in design. KSW has earned itself a leading position on the market as innovator and one of the most efficient, and simultaneously most flexible, producers of RFID components. For more information visit: www.ksw-microtec.de
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID components for a broad range of applications in all current frequency standards. The company produces both ready-made and customized transponders for public transport, access control, RFID-based car immobilizers, animal identification, libraries, industry, and logistics.
SMARTRAC is one of the global market leaders in high-quality RFID inlays for electronic passports (e-passports) and contactless credit cards (e-payment) as well as for RFID transponders for public transportation applications. SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs some 3,300 employees and maintains a global research and development, production, and sales network.


Ihre Fragen beantwortet:
Tanja Moehler
SMARTRAC N.V.
Head of Corporate Communications & Marketing
Tel: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com
Internet: www.smartrac-group.com





14.12.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SMARTRAC N.V.
              Strawinskylaan 851
              1077 XX  Amsterdam
              Netherlands
Phone:        +31 20 30 50 157
Fax:          +31 20 30 50 155
E-mail: investor.relations@smartrac-group.com Internet:     www.smartrac-group.com
ISIN:         NL0000186633
WKN:          A0JEHN 
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart  
End of Announcement DGAP News-Service  

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