Ad hoc: VOGT electronic AG: VOGT electronic AG strengthens North America business by cooperation
with Sumida
VOGT electronic AG / Contract / Ad hoc: VOGT electronic AG
strengthens North America business by cooperation
with Sumida
Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin. The issuer is solely responsible for the content of this
announcement.
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Obernzell, November 26, 2008
The Management Board of VOGT electronic AG decided to transfer all
shares of its affiliated company in the US, VOGT North America Inc.,
to Sumida SECL. Sumida, a Japanese manufacturer of electronic
components based in Tokyo, is the majority shareholder of VOGT
electronic AG since 2006. After completion of this transaction the
products of VOGT will be distributed by Sumida in North America.
Sumida has many years of experience in the US market and has
established a country wide sales organization. The access to the
market offered by Sumida generates new chances for VOGT in customer
acquisition. The deconsolidation of VOGT North America Inc. will have
a positive impact on the financial results of the Group.in 2008.
VOGT electronic AG
The Management Board, November 26, 2008
For any further information please contact
VOGT electronic AG
Annette Stiefler
VOGT electronic Platz 1
D-94130 Obernzell
Tel.: 08591 / 937 121
Fax: 08591 / 937 103
Mail: ir@vogt-electronic.com
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VOGT electronic AG
VOGT electronic Platz 1 Obernzell Germany
WKN:
765933; ISIN: DE0007659336; Index: CDAX;
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