DGAP-Adhoc: ISRA VISION AG: New acquisition: Expansion of the technology portfolio and strengthening of

ISRA VISION AG / Key word(s): Acquisition

02.05.2013 09:55

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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ISRA VISION AG: Strategic Buy of Machine Vision Expertise for the
Photovoltaic and Electronics Industry

New acquisition: Expansion of the technology portfolio and strengthening of
Asian sales force

ISRA VISION AG (ISIN: DE 0005488100), one of the world's leading companies
in industrial image processing (Machine Vision), the global market leader
for surface inspection systems, and one of the leading 3D Machine Vision
providers, has acquired GP Solar GmbH in Constance and its subsidiary GP
Inspect GmbH in Munich. The objective of the acquisition is the expansion
of the technological base to further open up customer markets in
electronics as well as semiconductors and, at the same time, the
positioning of ISRA as one of the leading global providers of quality
inspection systems in the photovoltaic production.

GP Inspect team started its business with a strong focus on the
semiconductor industry, and later successfully utilized its know-how
together with GP Solar - a centrotherm company - for applications in the
photovoltaic industry. With Machine Vision systems GP established a leading
position in automation and quality control in the photovoltaic production.

With the acquisition, ISRA will be strengthened by a team in Munich with
roughly 20 years of experience in Machine Vision in the photovoltaic and
electronics industry. In addition, ISRA integrates an Asian sales
organization - especially in China and Taiwan - that also integrates many
years of market expertise in the photovoltaic and semiconductor industry.
Further business development in Asia will significantly benefit from the
strong installed base of approx. 1,000 systems at leading manufacturers in
these markets.

For ISRA the 'energy' market is one of the sustainable growth markets and
here photovoltaic will continue to play a significant role in the future.
In this market, the company's focus is systems for automation in production
and quality control which helps the customers to reduce the production
costs and increase efficiency. Especially in challenging market phases
these features are important for the customers competitiveness. With GP,
ISRA is strategically positioning itself as a global leading company for
the expected positive market development in the coming years.

In addition ISRA will combine with GP and 3D Shape, an acquisition in 2012,
its forces for product development in the electronics and semiconductor
industry and utilize the newly gained expertise to take further specific
steps in these new markets.

For the current financial year of GP (calendar year) revenues of over 3
million euros are expected. The two companies will be taken over by ISRA as
of May 1st, 2013. The purchase price contains a fixed price component in
the amount of approx. 50 percent of the expected GP revenues for 2013 as
well as an earn-out component based on sales units. As the first step in
the integration process immediate and consequent cost optimization measures
will be taken. The cash taken over which amounts to approx. 3 million
euros, will be used for these activities without effecting the yearend
financial performance of ISRA in 2012/2013. For the finalization of the
integration activities ISRA is planning two quarters. As a first step of
integration in Asia ISRA and GP will present at the important international
photovoltaic trade fair SNEC 2013, Shanghai starting May 14th, 2013.

With the acquisition of GP, ISRA once again shows its consistent strategy
of investing in attractive opportunities in future-oriented markets. For
ISRA the photovoltaic industry offers a significant potential despite the
current market weakness. Integrating GP, the company specifically positions
itself as a global leader for automation and inspection applications and
will benefit in a strong way from the expected photovoltaic market recovery
in the following years.

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Language: English
Company: ISRA VISION AG
Industriestr. 14
64297 Darmstadt
Germany
Phone: +49 (0)6151 9 48-0
Fax: +49 (0)6151 9 48-140
E-mail: investor@isravision.com
Internet: www.isravision.com
ISIN: DE0005488100
WKN: 548810
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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