DGAP-News: IBS AG excellence, collaboration, manufacturing / Key word(s): Offer IBS AG excellence, collaboration, manufacturing: Public takeover offer for IBS AG: Siemens offers EUR 6.10 in cash per IBS share

08.02.2012 / 07:45

Press Release: IBS AG on takeover intention

Public takeover offer for IBS AG: Siemens offers EUR 6.10 in cash per IBS share

Höhr-Grenzhausen, 8 February 2012 - Yesterday, Siemens published its decision to submit a voluntary public takeover offer to all shareholders of IBS AG excellence, collaboration, manufacturing ('IBS AG') according to § 10 of the Securities Acquisition and Takeover Act (WpÜG).

The management and supervisory boards of IBS AG will evaluate this offer and, after the presentation of the offer document, will publish a statement directed to the shareholders of IBS AG according to § 27 of the Securities Acquisition and Takeover Act (WpÜG). The management board welcomes the offer from Siemens in principle.

Dr. Klaus-Jürgen Schröder, founder, Chief Executive Officer and major shareholder of IBS AG, and members of his family, who directly or indirectly hold some 51 percent of the shares in IBS AG, have signed an agreement with Siemens to sell their shares. The completion of this agreement and the takeover offer is conditional upon certain antitrust approvals and is subject to a minimum acceptance threshold of 75 percent, among other conditions.

Siemens holds almost eight percent of the shares in IBS AG since 2007. The sale of an additional around five percent of IBS-shares to Siemens by members of the management of IBS AG and IBS AG itself - subject to the consummation of the takeover offer - has also been agreed yesterday.

'An intensified cooperation with Siemens offers many advantages for our customers and employees. Both will benefit from the world-leading service of automation solutions and the strong worldwide presence of Siemens,' said Dr. Klaus-Jürgen Schröder and Volker Schwickert, Director of Sales and Marketing. 'And the cash offer of EUR 6.10 looks attractive to us. However, a detailed evaluation of the offer will only be possible after the offer document has been published.' The offer document is expected to be published in mid-March.

The shares of IBS AG are listed in the Prime Standard of the Frankfurt Stock Exchange (WKN 622840).

The management board of IBS AG

Contact: Investor Relations IBS AG c/o MLC Finance GmbH Mussener Weg 7 95213 Münchberg Herr Michael Lang Tel. +49 (0) 9251 440 88 30 Fax +49 (0) 9251 440 88 31 E-Mail: investorrelations@ibs-ag.de

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Language: English
Company: IBS AG excellence, collaboration, manufacturing
Rathausstrasse 56
56203 Hoehr-Grenzhausen
Germany
Phone: 02624/ 9180-424
Fax: 02624/ 9180-966
E-mail: investorrelations@ibs-ag.de
Internet: www.ibs-ag.de
ISIN: DE0006228406
WKN: 622840
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


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