euro adhoc: CHRIST WATER TECHNOLOGY AG / Mergers - Acquisitions - Takeovers / CHRIST takes over Hungarian INNOTERV Rt

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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27.09.2006

With the takeover of 100% of wastewater treatment technology company
INNOTERV of Hungary, CHRIST subsidiary Aqua Engineering GmbH,
Mondsee, steps up its municipal water business in Central and Eastern
Europe. "The acquisition of INNOTERV improves our growth perspectives
in Hungary as we take advantage of the imminent catching-up in sewage
disposal", comments Aqua Engineering managing director Dr. Hannes
Laimer.

The Budapest based company focuses on the local Hungarian market with
a staff of roughly 80 people and sales of around EUR 8mn in 2005. The
order backlog amounted to EUR 16mn at June 30, 2006. Planned to break
even this year, INNOTERV should be earnings enhancing as of 2007 for
CHRIST.

Originally operative in the construction of the Hungarian gas
distribution system, the company entered the wastewater technology
market in 1995 designing and constructing local sewage water plants
including operation. In doing so, INNOTERV established excellent,
long-term contacts to municipalities and gained experience in
operating wastewater and drinking water works which will be valuable
assets for Aqua Engineering.

Hungary plans to continue its sewage water system in mid to small
sized municipalities in particular over the next years providing
further growth opportunities for INNOTERV/Aqua Engineering. Moreover,
the acquisition represents an excellent platform for additional water
business in neighbouring regions.

end of announcement euro adhoc 27.09.2006 07:30:00
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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
Tel.: +43 6232 5011-1113

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


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