euro adhoc: A-TEC Industries AG / Mergers - Acquisitions - Takeovers / A-TEC Industries AG acquires German plant engineering company Lentjes

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02.05.2007

Vienna based international industrial group A-TEC Industries
AG (ISIN AT00000ATEC9) today signed an agreement to acquire 99%
of the German plant engineering company Lentjes GmbH from the
listed GEA Group AG. After completion of the transaction, which
requires clearance from the competition authorities concerned, the
company will be included in A-TEC's Plant Construction Division.

A-TEC is acquiring Lentjes for one euro, and will strengthen its
capital base by injecting an amount in the lower double digit
million euro range. For its part the seller will assume the risks
arising from existing projects that have reached an advanced stage
of completion. Following an intensive due diligence review and the
seller's agreement to provide additional securities, A-TEC has
agreed to assume the opportunities and risks of projects at early
stages of completion.

Lentjes, based in Ratingen, Germany, is the plant engineering
subsidiary of Germany's GEA Group AG - an MDAX listed
company. The firm designs and constructs turnkey plants, focusing
on processes, technologies and components for the fossil fuel
fired industrial boilers, biomass fired power plants and waste
incinerators. The Company and its subsidiaries have around 320
employees, and in 2006 generated revenue of some EUR 270m.

For A-TEC Industries the takeover of Lentjes and its integration in
its largest division - Plant Construction - represents a
complementary acquisition. It will extend the product portfolio of
the group's energy business and provide new resources to
underpin continued growth. With the acquisition of the German
plant engineering company - which has an excellent reputation
in the international power plant construction industry and
employs outstanding engineers - A-TEC Industries will strengthen
human resources in the Plant Construction Division and open up
new markets for the group.

end of announcement euro adhoc 02.05.2007 18:18:28
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / regulated dealing/prime standard