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CEAG AG Closes FMP Deal

Geschrieben am 07.05.2008 - [Nächster Artikel]


--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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merger, acquisition and takeover/Acquisition

Ostbevern (euro adhoc) - Press Release

CEAG AG Closes FMP Deal - Transfer of mobile telephone chargers
business to Flextronics on May 7, 2008 - Focus on the FPS business
unit in the future

Ostbevern, Germany, May 7, 2008 - CEAG AG, manufacturer of
high-quality FRIWO power supplies and chargers, has closed the sale
of its FRIWO Mobile Power (FMP) business unit to a subsidiary of
Flextronics International Ltd., Singapore. FMP manufactures power
supplies and chargers for mobile telephones. Following approval by
the antitrust authorities and the fulfillment of other requirements,
all FMP operations were transferred to Flextronics effective May 7,
2008. Hence the deal agreed upon on February 7, 2008 was brought to a
close within the first half of the year and therefore within the
agreed period of time.

The provisional purchase price for the FMP business unit totals
around EUR 56 million. The final purchase price will be determined in
accordance with the closing balance sheet of the FMP business unit as
of April 30, 2008.

As previously announced, following the sale of FMP, CEAG AG will
focus resolutely on developing the FRIWO Power Solutions (FPS)
business unit. The Management Board expects FPS´s business
performance to remain positive. FPS supplies the IT and
communications, household appliances and power tools, industrial
applications and medical technology markets with custom-made power
supplies and chargers as well as with standard products.

For further information please contact:
CEAG AG Gudrun Richter Investor Relations
Tel.: +49 - 2532 / 81-158 eMail: richter@friwo.de

CEAG AG CEAG AG, General Standard listed, has its registered office
in Bad Homburg, Germany, and its headquarters in Ostbevern,
Westphalia, Germany. CEAG AG is the holding company of FRIWO Power
Solutions (FPS). FPS manufactures custom-made power supplies and
chargers for the four segments of IT and communications, household
appliances and power tools, industrial applications and medical
technology. CEAG AG/the FRIWO Group is present in all major world
markets, with state-of-the-art development centers, production and
sales in Europe, Asia and North America. FPS´s revenue amounted to
EUR 84.3 million in 2007. CEAG AG´s principal shareholder is DELTON
AG, holding almost 77% of its capital.

DELTON AG DELTON AG is a holding company headquartered in Bad
Homburg, Germany. With its divisions Pharmaceuticals, Household
Products, Logistics and Power Supply, it manages the value-creating
investment and entrepreneurial activities of its sole shareholder
Stefan Quandt. DELTON AG is active in clearly defined markets
offering future growth in which its divisions already hold or are
intending to achieve leading positions on an international scale.
With a workforce of more than 29,000 employees, the DELTON Group
generated sales of around EUR 2.75 billion in fiscal 2007.


end of announcement euro adhoc
--------------------------------------------------------------------------------


ots Originaltext: CEAG AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Gudrun Richter

Investor Relations

Telefon: +49 (0) 2532-81-158

E-Mail: richter@friwo.de

Branche: Semiconductors & active components
ISIN: DE0006201106
WKN: 620110
Index: CDAX
Börsen: Börse Hamburg / free trade
Börse München / free trade
Börse Berlin / regulated dealing
Börse Stuttgart / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Frankfurt / regulated dealing/general standard
 
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