STRATEC signs agreement to acquire the BioSciences business of Sony DADC

STRATEC Biomedical AG / Key word(s): Takeover/Acquisition
08.06.2016 14:36

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STRATEC signs agreement to acquire the BioSciences business of Sony DADC
Birkenfeld, June 8, 2016

STRATEC Biomedical AG, Birkenfeld, Germany (Frankfurt: SBS; Prime Standard, TecDAX), today signed an agreement with Sony DADC Austria AG ("Sony DADC"), based in Anif/Salzburg, Austria, to acquire all of the shares of its BioSciences business, Sony DADC BioSciences GmbH ("Sony DADC BioSciences"), which is a wholly-owned subsidiary of Sony DADC. The acquisition is expected to be completed by the end of the third quarter 2016.
In the current financial year, ending on March 31, 2017, the company is expected to generate sales of around EUR 17 million with slightly positive earnings contributing to STRATECs EBIT. Based on current planning, the management teams expect a continuously growing EBIT margin to reach the current group's EBIT margin by 2020. The company valuation set in the sale and purchase agreement amounts over EUR 30 million.
Building on Sony DADC's experience in high-precision optical disc manufacturing, Sony DADC induced 6 years ago the formation of its BioSciences business. Sony DADC BioSciences is a leading global OEM supplier of smart consumables for diagnostics, life sciences and medical technology applications. The company has a unique combination of skills and technologies including nano- and microstructuring, coating technologies, polymer sciences, and automated assembly. Its customers include global players in highly regulated markets as well as innovative start-ups. The company currently has around 120 employees.

Information and Explanation of the Issuer to this News:
Conference call and audio webcast
To report on the acquisition of Sony DADC BioSciences we will be holding a conference call in English today, June, 8, 2016 at 4.30 p.m. (CEST).
To take part in the conference call, please use the following dial-in numbers:

Dial-in numbers:
+49-69-2222-29043 (DE)
+44-20-3009-2452 (UK)
+1-855-402-7766 (USA)
+33-1707-50705 (F)

Conference Code:

Participants are requested to dial in ten minutes before the conference call starts.

The conference call can also be watched as an audio webcast at (brief registration required). Please note that no questions can be submitted via audio webcast.
You can also watch and download a slide presentation via audio webcast at (brief registration required).
STRATEC Biomedical AG ( designs and manufactures fully automated analyzer systems for its partners in the fields of clinical diagnostics and biotechnology. These partners market such systems, in general together with their own reagents, as system solutions to laboratories, blood banks and research institutes around the world. The company develops its products on the basis of its own patented technologies.
Shares in the company (ISIN: DE000STRA555) are traded in the Prime Standard segment of the Frankfurt Stock Exchange and are listed in the TecDAX select index of the German Stock Exchange.

About Sony DADC BioSciences GmbH
Building on Sony DADC's experience in high-precision optical disc manufacturing, Sony DADC BioSciences partners with Life Sciences and Diagnostics companies enabling the industrial manufacturing of smart polymer parts.

About Sony DADC
Sony DADC is a leading disc and digital solution provider for the entertainment, education and information industries, offering world-class optical media replication services, digital and physical supply chain solutions and software services. The company's network consists of service offices, optical media production, distribution and digital facilities worldwide.

Further information can be obtained from:

STRATEC Biomedical AG
André Loy, Corporate Communications
Gewerbestr. 37, 75217 Birkenfeld
Tel: +49 7082 7916-190
Fax: +49 7082 7916-999

Sony DADC International
Karin Ploner, Communications
Sonystr. 20, A-5081 Anif/Salzburg
Tel: +43 6246 880 8398

08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      STRATEC Biomedical AG
              Gewerbestr. 37
              75217 Birkenfeld
Phone:        +49 (0)7082 7916 0
Fax:          +49 (0)7082 7916 999
ISIN:         DE000STRA555
WKN:          STRA55
Indices:      TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX  
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