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DGAP-Adhoc: Kontron AG intends to transfer Malaysia production to Plexus Corp., USA

05.01.2012
Kontron AG / Key word(s): Strategic Company Decision/Disposal 05.01.2012 04:33 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- - Increased focus on higher-margin business - Improved working capital - One-off effects from transaction will be charged to 2011 annual results Eching near Munich, January 5th, 2012 Kontron AG (FWB:KBC) has signed today a term sheet with Plexus Corp. (NASDAQ:PLXS) in its continued effort of migrating towards higher-margin business of systems and customer-specific solutions. The structure for the contemplated transaction is an asset transaction in which assets of Kontron Design Manufacturing Services (KDMS), a wholly owned Kontron AG subsidiary based in Penang, Malaysia, will be transferred to Plexus Corp. for a purchase price of approximately USD 30 - 35 million. The closing of the transaction is expected in the next few weeks. This transaction will result in an increase of flexible working capital for Kontron. The agreement also allows Kontron to benefit from the purchasing advantage of Plexus Corp. as the company plans to procure, in addition to existing business, around USD 100 million worth of modules per year. One-off expense of approximately six million Euro is expected to be incurred in the fourth quarter of 2011 as part of this transaction. Due to these one-off effects, the planned 8% EBIT margin for 2011 can no longer be achieved. Full-year revenue for 2011 will prospectively be in the range of expectations. Kontron expects from this transaction for 2012 modestly accretive EPS, improved working capital, reduced capital expenditures and significant increased sales per employee. Investor Relations: Gaby Moldan / Jacqueline von Berg Kontron AG Oskar-von-Miller-Straße 1 85386 Eching Phone: +49 8165 / 77-212 or -225 Fax: +49 8165 / 77-222 Email: Gaby.moldan@kontron.com Jacqueline.vonBerg@kontron.com Further Information: Florian Bergmann/ Bettina König Engel & Zimmermann AG Agentur für Wirtschaftskommunikation Schloss Fußberg, Am Schlosspark 15 82131 Gauting Phone: +49 89 / 8935633 Fax: +49 89 / 89398429 Email: f.bergmann@engel-zimmermann.de b.koenig@engel-zimmermann.de 05.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Kontron AG Oskar-von-Miller-Str. 1 85386 Eching Germany Phone: 08165-77-225 Fax: 08165-77-222 E-mail: martin.przybyla@kontron.com Internet: www.kontron.com ISIN: DE0006053952 WKN: 605395 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service =--------------------------------------------------------------------------

Kontron AG / Key word(s): Strategic Company Decision/Disposal 05.01.2012 04:33 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- - Increased focus on higher-margin business - Improved working capital - One-off effects from transaction will be charged to 2011 annual results Eching near Munich, January 5th, 2012 Kontron AG (FWB:KBC) has signed today a term sheet with Plexus Corp. (NASDAQ:PLXS) in its continued effort of migrating towards higher-margin business of systems and customer-specific solutions. The structure for the contemplated transaction is an asset transaction in which assets of Kontron Design Manufacturing Services (KDMS), a wholly owned Kontron AG subsidiary based in Penang, Malaysia, will be transferred to Plexus Corp. for a purchase price of approximately USD 30 - 35 million. The closing of the transaction is expected in the next few weeks. This transaction will result in an increase of flexible working capital for Kontron. The agreement also allows Kontron to benefit from the purchasing advantage of Plexus Corp. as the company plans to procure, in addition to existing business, around USD 100 million worth of modules per year. One-off expense of approximately six million Euro is expected to be incurred in the fourth quarter of 2011 as part of this transaction. Due to these one-off effects, the planned 8% EBIT margin for 2011 can no longer be achieved. Full-year revenue for 2011 will prospectively be in the range of expectations. Kontron expects from this transaction for 2012 modestly accretive EPS, improved working capital, reduced capital expenditures and significant increased sales per employee. Investor Relations: Gaby Moldan / Jacqueline von Berg Kontron AG Oskar-von-Miller-Straße 1 85386 Eching Phone: +49 8165 / 77-212 or -225 Fax: +49 8165 / 77-222 Email: Gaby.moldan@kontron.com Jacqueline.vonBerg@kontron.com Further Information: Florian Bergmann/ Bettina König Engel & Zimmermann AG Agentur für Wirtschaftskommunikation Schloss Fußberg, Am Schlosspark 15 82131 Gauting Phone: +49 89 / 8935633 Fax: +49 89 / 89398429 Email: f.bergmann@engel-zimmermann.de b.koenig@engel-zimmermann.de 05.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Kontron AG Oskar-von-Miller-Str. 1 85386 Eching Germany Phone: 08165-77-225 Fax: 08165-77-222 E-mail: martin.przybyla@kontron.com Internet: www.kontron.com ISIN: DE0006053952 WKN: 605395 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service =--------------------------------------------------------------------------

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