Semcon acquires German product information company

GÖTEBORG, Sweden--(BUSINESS WIRE)-- Regulatory News:

Semcon (STO:SEMC) has acquired the shares in the Comet group of companies in Germany (Comet), active within the area of product information. Through the acquisition, Semcon expands its offer on the German market to include solutions and services within product information. The acquisition of Comet complements Semcon’s existing business in Germany, which today includes around 1,000 people in the engineering services area.

Semcon has acquired the shares in Comet Computer GmbH and Comet Communication GmbH, a Munich-based group of companies in the product information sector. The companies have more than 25 years’ of experience in technical documentation and training for the German information and communication technology industry. Today, Comet has over 40 employees and turnover for 2011 totalled EUR 2.4 million with an EBIT of EUR -0.2 million. The acquisition is expected to have a marginal effect on earnings per share in 2013. The acquisition came into effect on 1 October 2012.

Through the acquisition, Semcon’s business area for solutions and services in product information (Informatic) will expand its presence to also include the German market.

“We can now bring Semcon’s strong offer and track record in product information solutions and services to the German market and use Comet as a platform for rapid growth in Germany,” says Johan Ekener, president of business area Informatic. “In addition, Semcon’s existing partnerships with German customers within engineering services provide an excellent basis for also expanding product information business in Germany.”

“I am very excited about this next step for Comet” says Professor Sissi Closs, founder and one of Comet’s sellers. “It will be very good both for our customers and employees – who will both benefit from Semcon being a strong international partner and a growing environment.”

“Comet has an excellent reputation on the German market. Comet is well-known for its knowledgeable employees and top-quality deliveries, which fit well with Semcon’s priorities and core values,” concludes Johan Ekener.

Semcon is a global company active in the areas of engineering services and product information. The Group has nearly 3,000 employees with extensive experience from many different industries. We develop technologies, products, plants and information solutions along the entire development chain and also provide many services including quality control, training and methodology development. Semcon boosts customers’ sales and competitive strength by providing them with innovative solutions, design and solid engineering solutions. The Group has sales of SEK 2.5 billion and activities at more than 45 sites in Sweden, Germany, the UK, Brazil, Hungary, India, China, Spain and Russia

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Johan Ekener, president of business area Informatic
+46 (0)736 840 683
Semcon AB
Markus Granlund, CEO
+46 (0) 31 721 03 11
Anders Atterling
Investor Relations Manager
+46 (0)704 472 819

Source: SEMCON