MEYLAN-GRENOBLE, France, Dec. 23 /PRNewswire/ -- Fabmaster S.A.
(Nouveau Marche, SICOVAM: 6327), a leading provider of Computer Integrated
Manufacturing Electronics Assembly, announced that Tecnomatix Technologies
Ltd. (Nasdaq: TCNO), a pioneer and leading provider of Digital Factory
software, will acquire a majority interest in Fabmaster for approximately
$12 million in cash (17 Euros per share).
Under the terms of the agreement, Tecnomatix will acquire approximately
78% of Fabmaster from the company's principal shareholders, the closing being
planned for February 2000. Tecnomatix will launch a public tender offer to
purchase the remaining Fabmaster shares from the public.
John Maton, President of Fabmaster, said, "We are delighted to join
Tecnomatix and its portfolio of industry-leading manufacturing solutions. Our
advanced technology for test, assembly, repair and production optimization is
a perfect complement to Tecnomatix's already strong product line for
electronics manufacturing. By joining forces with Tecnomatix, we will reach
the critical mass required to provide first class software solutions and
customer support."
The acquisition is expected to be completed on February 15, 2000.
Fabmaster S.A. of Grenoble, France is the leading worldwide supplier of
CIM automation software for board assembly optimization, incircuit and
fixtureless test, shop floor documentation and paperless repair. With an
installed base of over 3,000 programming stations operating in Europe, America
and Asia, Fabmaster's global solution is used by over 700 customers in 30
countries; exports represent over 80% of Fabmaster's turnover. Fabmaster S.A.
is listed on the Paris stock market (trading symbol: SICOVAM 6327) and has
subsidiaries in the U.S.A., U.K., Taiwan and China.
Tecnomatix Technologies Ltd. (http://www.tecnomatix.com) is a pioneer and world
leader of Digital Factory software. The Digital Factory is an integrated
computerized environment that enables planning, collaborating and managing
manufacturing processes throughout the global supply chain. The Company's
software solutions help companies meet their manufacturing goals; to
accelerate the introduction of new products, reduce engineering and
manufacturing costs, minimize production downtime, increase productivity and
improve quality. The company reported revenues of $68,334,000 in 1998 and has
over 600 employees in offices throughout North America, Europe, the Pacific
Rim and Israel.
CONTACT: Isabelle Pellerey of Fabmaster, +33-476-418-104,
fax, +33-476-412-824, or Isabelle@fabmaster.com; or
Investors - Laurence Kipfer of ACTUS, +33-1-53-67-36-36, or
lkipfer@actus.fr, for Fabmaster.
SOURCE Fabmaster S. A.
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Related links:
http://www.tecnomatix.com
http://www.fabmaster.com
CONTACT:
Isabelle Pellerey of Fabmaster,
+33-476-418-104, fax, +33-476-412-824, or Isabelle@fabmaster.com;
or Investors - Laurence Kipfer of ACTUS, +33-1-53-67-36-36, or
lkipfer@actus.fr, for Fabmaster
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