- Evaluation and Negotiation related to received offers for Letron and NewTal
- Joint Ventures, Investment or Sale to focus on SYSTEMS Business
- Reduction of Liabilities
Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces that is has received multiple offers from strategic partners for investments or takeovers related to parts or the complete Business Area MANUFACTURING specifically for Letron electronic and NewTal Elektronik + Systeme. UET has decided to evaluate those offers and start further negotiations immediately.
UET plans to take decisions and to sign first agreements within the next two weeks.
With the planned income from this transaction UET will reduce existing trade liabilities within the operating business and to secure the on-going development for the SYSTEMS and SERVICE business.
The business area MANUFACTURING today generates 17,0 mn EUR annual revenues and employs about 70 people.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Sebastian Schubert
Investor Relations
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com