Bucher Industries Looking to Acquire Jetter AG

Bucher Industries intends to make the shareholders of Jetter AG a voluntary, public takeover offer via a subsidiary for a price of EUR 7.00 per share. Bucher Industries has held a stake in Jetter AG since 2005, most recently amount to about 30%. Bucher Industries is planning to strengthen the competence of Jetter AG in the area of automation solutions and to expand its market share. The aim of the takeover offer is to acquire all of the shares in Jetter AG. The Supervisory Board and Management Board of Jetter AG support the takeover offer.
Since 2002, Jetter has been a partner of Bucher Industries, not only developing and manufacturing electronic control systems for Emhart Glass, but also supplying the electronics for municipal vehicles manufactured by Bucher Municipal. In the past two financial years, Jetter generated on average around 50% of its turnover with the Bucher Group, with the majority of that turnover being accounted for by the Emhart Glass division. With its operations in a broad-based market and its leading technology, Jetter AG has qualified itself as a suitable partner for Bucher, which is not active in the area of electronic automation.