Scanfil Oyj - Tender offer

SCANFIL EMS OY ACQUIRES SCHALTEX SYSTEMS GmbH

SCANFIL PLC      STOCK EXCHANGE RELEASE     1 April 2014    8.45 A.M.

SCANFIL EMS OY ACQUIRES SCHALTEX SYSTEMS GmbH

Scanfil plc's subsidiary Scanfil EMS Oy has on 31 March 2014 signed an
agreement to acquire the entire shareholding of German contract manufacturer
Schaltex Systems GmbH. The purchase price is about EUR 6.6 million, and Scanfil
EMS Oy will finance the acquisition using its liquid assets. The transaction
comes into effect immediately, and the acquired business will be incorporated
into Scanfil's consolidated financial statements from 1 April 2014. 

This acquisition strengthens Scanfil's position in the German market and widens
its customer base. Founded in 1976, Schaltex Systems GmbH (“Schaltex”) is a
specialized high-mix, low-volume electronics manufacturing services company
based in Germany. It employs a staff of 80 and operates from a production site
in Schenefeld near Hamburg. Schaltex focuses on the value-added assembly of
complex systems and test field operations, primarily serving customers in the
life sciences and analytical instrumentation markets. The company's net sales
of the financial year ended in 2013 were EUR 20.8 million. 

The acquisition is expected to positively impact Scanfil Group's sales and
operating profit from 1 April 2014. Scanfil estimates now that its turnover for
the year 2014 will increase by 11-18% and that the operating profit for the
year will reach EUR 11.0-15.0 million. 

Scanfil earlier estimated that its turnover for 2014 will increase by 4-10% and
that the operating profit for the year will reach EUR 10.0-14.0 million. "Profitable growth is one of our main targets. This acquisition will give a
significant boost to Scanfil's growth strategy by bringing in remarkable new
customers and strengthening our market position in Germany, maybe the most
important market in the EMS industry in Europe. We also see synergy benefits in
process development, sourcing and IT. Schaltex has long-term relationships with
its customers and an established position as a high-mix, low-volume
manufacturer and complex systems integrator. The production capacity of
Scanfil's facilities in Estonia, Finland, Hungary and China will, in turn,
benefit Schaltex's customers.”, says Petteri Jokitalo, CEO of Scanfil. 





SCANFIL PLC

Petteri Jokitalo
CEO



Additional information:
CEO Mr. Petteri Jokitalo
tel +358 8 4882 111



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                           www.scanfil.com





Scanfil Group is engaged in contract manufacturing for international
telecommunications technology and professional electronics manufacturers.
Scanfil has almost 40 years of experience in demanding contract manufacturing.
Scanfil is a systems supplier that offers its products and services to
international telecommunications systems manufacturers and professional
electronics customers. Typical products are equipment systems for mobile and
public switched telephone networks, automation systems, frequency converters,
lift control systems, equipment and systems for electricity production and
transmission, analysers, slot machines and different meteorological
instruments. The company has production facilities in China, Estonia, Hungary
and Finland.