euro adhoc: HTI - High Tech Industries AG / Mergers - Acquisitions - Takeovers / HTI AG ACQUIRES THE HITZINGER GROUP

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Company Information/Capital increase

11.06.2008

HTI AG ACQUIRES THE HITZINGER GROUP

HTI AG has acquired a 100% shareholding in Elektromaschinen Bau GmbH
("EMB") and thus a majority stake (80%) in the Hitzinger Group.

St. Marien, Austria, June 12, 2008. The Management Board of HTI High
Tech Industries AG ("HTI AG") announces the acquisition of a majority
shareholding in the Linz-based Hitzinger Group. The acquisition is
subject to the approval of the anti-trust authorities. HTI AG has
acquired a 100% stake in Hitzinger´s parent company Elektromaschinen
Bau GmbH ("EMB") from the previous owners. The transaction is
structured to include the payment of the acquisition price as well as
the issuing of new HTI shares for the previous shareholders of EMB.
In turn, EMB holds an 80% stake in the operational unit Dipl.-Ing.
Hitzinger Gesellschaft mbH ("Hitzinger") based in Linz. The remaining
20% is held by company employees. Hitzinger operates subsidiaries in
Germany and Great Britain.

Hitzinger is an internationally renowned producer of special electric
machinery. This includes alternators for small power plants and
diesel electric locomotives, converters for voltage and frequency
conversion, emergency power equipment, airport equipment designed to
provide electricity for airplanes on the ground as well as
uninterruptible power supplies for data processing centres, hospitals
and industrial applications. In the 2007/08 business year (March 1,
2007 - February 29, 2008), Hitzinger generated total sales of
approximately EUR 58m. At present, Hitzinger employs about 230 people
at its facility in Linz, marketing its products in more than 43
countries around the world.

"With the acquisition of Hitzinger, Mechanical Engineering has
expanded to become the biggest segment of HTI AG in terms of total
sales. As a result, the annual sales of HTI AG will considerably
surpass EUR 300m. The integration of the new companies will further
expand the strategic focus on lightweight construction by adding
energy-related applications. On a technological basis, we are now
optimally equipped to meet the increasing demands of the marketplace
and expand our market position. Accordingly, the acquisition process
initiated within the context of the group´s strategic reorientation
efforts has been concluded", says Peter Glatzmeier, Chairman of the
Management Board of HTI AG. The future management of Hitzinger will
consist of the previous managing directors Hermann Gatterbauer (sales
and marketing) and Helmut Roland (technical development and
production) as well as Herbert Landschützer as the representative of
HTI AG, who will be responsible for commercial operations (e.g.
controlling and finance). After the transaction has been formally
concluded, Hubert Platzer, the previous commercial director, will go
into retirement. "From our point of view, this acquisition represents
a long-term solution with positive future perspectives for the
previous owners, the company and its employees. The acquisition of
Hitzinger by HTI AG is the optimal succession solution which also
secures the continued existence of the production location in Upper
Austria. As an international technology group, HTI AG will be able to
build upon the existing growth potential and efficiently implement
this growth strategy", is the satisfied conclusion of Hitzinger´s top
management.

For more information on HTI AG, refer to its corporate website at
www.hti-ag.at.
For more information on Hitzinger, refer to its corporate website at
www.hitzinger.at.

end of announcement euro adhoc
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ots Originaltext: HTP High Tech Plastics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

HTI High Tech Industries AG, Ms. Nadja Goyer, Investor Relations, Tel: +43 (0)
3862 304-8562, Fax: +43 (0) 3862 304-7598, n.goyer@hti-ag.at

Hochegger Financial Relations GmbH, Mr. Dieter Riedlinger, Tel: +43 (0) 1 504 69
87-44, Fax: +43 (0) 1 504 69 87-60, d.riedlinger@hochegger.com

Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market