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News Title: STEAG HamaTech acquires the Slovakian sister company STEAG Electronic
Published on: 07/04/2005
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Category: Companies
Description: STEAG HamaTech AG (Prime Standard, ISIN DE0007309007), manufacturer of equipment for the production of optical storage media and Advanced Process Equipment (APE) for the semiconductor industry, has completed the acquisition of STEAG Electronic Systems spol. s.r.o., Nove Mesto, Slovakia. With this acquisition, STEAG HamaTech has taken over the former sister company from its parent company STEAG Electronic Systems AG, Essen, effective as of 1st July 2005. In recent years, the acquired company has developed as the primary production location for optical disc equipment for STEAG HamaTech.

Since 1996, STEAG Electronic Systems spol. s.r.o. has been producing equipment and modules not only for STEAG HamaTech, but for third-party customers as well, primarily from the semiconductor industry. In addition, the company has high quality manufacturing and clean room facilities at its disposal at its Nove Mesto location, ca. 100 km north of Bratislava. The company has also been certified according to ISO 9001 since 2003. The excellent infrastructure, together with highly skilled personnel, has enabled the company to acquire two renowned European producers of semiconductor equipment as major customers in the past 12 months.

STEAG HamaTech aims to expand the Nove Mesto location to an independent provider of engineering, supply chain management and assembly services for highly technological, sophisticated equipment and products within the Group for a broad customer base. For STEAG HamaTech, the acquisition therefore represents an additional step towards continuously reducing its dependence on the cyclical optical disc business, which still accounts for more than 80 % of revenues. CEO Dr. Stefan Reineck is very confident of the further development of the Slovakian company: "The Nove Mesto location will increase in importance within the STEAG HamaTech Group and its strategy for the future. This not only refers to our cost situation, but to the ongoing diversification of the Group as well." Anton Kapeller, Managing Director of STEAG Electronic Systems spol. s.r.o., sees this step as a confirmation of his expansion strategy, which was initiated two years ago: "We are able to offer a complete service package to both STEAG HamaTech and all other customers which spans from production and cost-optimized implementation of the product concept through a local sourcing of the parts to sophisticated series production. In addition to the current optical disc and semiconductor activities, our company is able to expand in other fields of application in order to compensate for the volatility of individual sectors."

STEAG Electronic Systems spol. s.r.o. generated revenues of EUR 13.1 million in the past year. In the first five months of the current year, revenues of EUR 6.7 million were generated, with a total of 308 employees. Nearly 40 % of revenues are attributable to customers outside of STEAG HamaTech Group. By the end of the current year, the revenue share with third-party customers should cover more than 50 % of total revenues. The parties involved have agreed to give no details of the purchase price, which is an amount in the lower single-digit million euros.
Contact Info: www.STEAG-HamaTech.com
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