EANS-News: DEWB sells KSW Microtec

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Company Information

Subtitle: SMARTRAC to acquire Dresden-based RFID specialist

Jena, December 14, 2011 (euro adhoc) - Deutsche Effecten- und
Wechsel-Beteiligungsgesellschaft AG (DEWB) today announced the sale
of its investment holding KSW Microtec Holding AG and its operational
subsidiary, KSW Microtec AG, Dresden. The purchaser is SMARTRAC N.V.,
Amsterdam, Netherlands, a leading developer, manufacturer and
supplier of RFID transponders. SMARTRAC will take over KSW for total
cash consideration of EUR 24 million. The payment will be made in
three tranches. The first tranche, in the amount of EUR 12 million,
will be made upon closing of the transaction. Two additional
tranches, in the amount of EUR 6 million each, are due on August 31,
2012 and December 31, 2013, respectively. Payment of the second and
third tranches is not linked to the achievement of any performance
measures. DEWB has been associated with KSW since 2001, initially
with a 10 percent share in the company. In 2006, as part of a
leveraged buyout, DEWB acquired a share of 100 percent in the
company. KSW currently employs 72 staff in Dresden and is projecting
a turnover of approximately EUR 12 million in the current financial
year.

"Over the past few years, we have worked consistently at developing
KSW, from its position as a mass supplier in the standard inlay
business, to that of an innovator within the RFID industry, supplying
technologically advanced products. Therefore, we have been able to
successfully position KSW on the market. We are delighted to have won
SMARTRAC, the world leader in RFID inlays for ePassports and ePayment
applications, as purchaser", said Falk Nuber, Member of the
Management Board of DEWB AG. "The association of SMARTRAC and KSW,
and the combination of their respective well-established alternative
engineering concepts, will create a unique and comprehensive product
and technology portfolio in the industry.

The sale of KSW is the fourth exit by DEWB in the last six months.
DEWB is planning to close the current financial year with a
significant annual net profit. The outlook regarding the equity per
share for the year-end is above EUR 2.15. Details will be published
in January along with preliminary figures for 2011.

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.

Contact:
Marco Scheidler
DEWB AG

Phone: +49 (0) 3641 573 3600
Fax: +49 (0) 3641 573 3610
E-Mail: ir@dewb-vc.com

www.dewb-vc.com

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 the global market leader 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.

About KSW 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

Further inquiry note:
Marco Scheidler
Tel.: +49 (0) 3641 573-3600
E-Mail: marco.scheidler@dewb-vc.com

end of announcement euro adhoc
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company: Deutsche Effecten- und Wechsel-Beteiligungsges. AG
Leutragraben 1
D-07743 Jena
phone: +49 (0)3641 573 3600
FAX: +49 (0)3641 573 3610
mail: ir@dewb-vc.com
WWW: http://www.dewb-vc.com
sector: Financial & Business Services
ISIN: DE0008041005
indexes:
stockmarkets: free trade: Berlin, Stuttgart, München, Open Market / Entry
Standard: Frankfurt
language: English