euro adhoc: CHRIST WATER TECHNOLOGY AG / Mergers - Acquisitions - Takeovers / Takeover of a majority of zeta Group

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Company Information

07.09.2007

Christ Water Technology is expanding its Pharma and Life Science
segment and acquiring a controlling interest of 76% in the zeta
Group, which is based in Tobelbad, near Graz, Austria. As agreed
today, zeta will be integrated into the CHRIST Group with immediate
effect. The signing of the deal is expected until the end of
September.

zeta is a leading supplier of process systems for the biotech and
pharmaceutical industry: it has three business units, Bio and Process
Technology, Sterile Plant Construction, and Automation, 240 highly
qualified employees and annual sales of around EUR 40 million.

"With zeta, CHRIST will become a genuine turnkey supplier and can now
supply the entire process chain for the biopharmaceutical industry.
The engineering expertise, the product competence and the excellent
reputation of zeta in combination with the water technology expertise
and global production and sales network of CHRIST open up extensive
synergies and new growth opportunities", according to CHRIST CEO, Dr.
Karl Michael Millauer.

Founded in 1987, zeta is today a supplier for process technology
primarily established in Central Europe, with branches and
subsidiaries in Austria, Switzerland, Germany, France and the Czech
Republic. The particular strengths of the group are its high level of
technical competency and wide product range in the fields of
application systems, bioreactors, stirring and mixing technology,
filtration, refrigeration and defrosting systems and
biopharmaceutical plant construction with corresponding automation
solutions.

Managing directors of zeta, Hermann Grundnig und Gerhard Zehetner,
comment on this as follows: "CHRIST will confer on zeta exciting
opportunities for development and represents a successful and stable
future for our employees, partners and customers." The defining
feature of 2007 so far has been restructuring and zeta is expected to
provide a positive contribution to CHRIST´s earnings as early as
2008. The initial consolidation is expected to take place in
September 2007.

end of announcement euro adhoc 07.09.2007 13:30:00
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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christ Water Technology Group
Ralf Burchert
ralf.burchert@christ-water.com
P.: +43 6232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market