FORTEC Elektronik Aktiengesellschaft: Participation at Data Display GmbH

FORTEC Elektronik Aktiengesellschaft  / Key word(s): Investment/Strategic Company Decision22.09.2014 21:36Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------As per 01.10.2014 FORTEC Elektronik AG will have a 50% participation atData Display GmbH (www.datadisplay-group.de) and the option to take overthe remaining 50% of the Company within the period of 01.01.2016 up to31.12.2020.During last BY 2013 (01.01.-31.12.2013), the Data Display group achieved aturnover of 23.4 million EUR and a net income of 0.8 million EUR. InGermany, Distec GmbH with subsidiaries in Germering near Munich and inEisenach belongs to the Data Display group as well as Display TechnologyLtd., England and Apollo Display Technologies Corp, USA.FORTEC herewith strengthens its market segment of data visualization - inlast BY 2013/14 (1.7.2013-30.06.2014) a turnover of 19.2 million EUR wasachieved accompanied by a relevant annual net income of 0.3 million EUR. Due to the acquisition of Data Display, FORTEC has access to its TFTcontrolling solutions as well as to the newest generation of opticalbonding technique. The professional display systems for industry anddigital signage developed by Data Display ideally complement FORTEC'sexisting product portfolio.---------------------------------------------------------------------------Information and Explaination of the Issuer to this News:FORTEC is a technology company ranging in the fields of industrial powersupplies and data visualization. During last BY 2013/14 it achieved aturnover of 45.4 million EUR at an annual net income of 1.5 million EUR. At balance day 30.06.2014, FORTEC possesses a net equity of 22.1 millionEUR, has no bank obligations and cash-on-hand reserves of 8.7 million EUR.FORTEC is noted at Prima Standard and year by year generates profit withoutinterruptions for 30 years.22.09.2014 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      FORTEC Elektronik Aktiengesellschaft              Lechwiesenstrasse 9              86899 Landsberg/Lech              GermanyPhone:        +49 (0)8191 91 172-0Fax:          +49 (0)8191 91 172-22E-mail:       aktie@fortecag.deInternet:     www.fortecag.deISIN:         DE0005774103WKN:          577410Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------