DGAP-Adhoc: Softing acquires Online Development Inc. in the

Softing AG / Key word(s): Acquisition 22.05.2014 22:06 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Haar/ Knoxville, May 22nd, 2014 Today Softing North America Holding Inc., a 100% subsidiary of Softing AG, signed a stock purchase agreement with the owners of Online Development Inc. (OLDI) in Knoxville, Tennessee (USA) concerning the acquisition of all of their shares by Softing. The transfer of the shares will be executed on the completion of remaining conditions which are expected to materialize by May 31st, 2014.The purchase price ranges between $20 million and $30 million, depending of the future performance of OLDI. In 2014 OLDI expects to exceed $20 million in revenue. At this point no estimate about the EBIT-contribution of OLDI to Softing can be made due to structural fiscal changes, acquisition and integration related expenses and the remaining need of a purchase price allocation. For over 20 years OLDI designs and manufactures factory automation products related to control and communication tasks. OLDI's business almost perfectly complements Softing's product portfolio in the core business of Softing's Industrial Automation segment. OLDI is a Rockwell Automation Global Encompass Partner, a member of the Control Systems Integrators Association and ODVA and participates in partner programs from IBM, Microsoft and Oracle. By acquiring OLDI, Softing profits from the dynamic growth in the US industrial automation market. The acquisition leads to an almost equal representation of Softing in two of the three biggest automation markets worldwide, reducing Softing's risk exposure to the European market. About Softing AG Softing is a global management holding company. The companies of the Softing Group produce and market hardware and software for in the industrial automation and automotive electronics segments. They develop high-quality standard technology products and customized solutions in close cooperation with their customers. Both of Softing's business segments operate in growth markets. Softing aims at achieving sustainable profitability with double-digit sales growth annually. 22.05.2014 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: Softing AG Richard-Reitzner-Allee 6 85540 Haar Germany Phone: +49 (0)89 456 56-333 Fax: +49 (0)89 456 56-399 E-mail: InvestorRelations@softing.com Internet: www.softing.com ISIN: DE0005178008 WKN: 517800 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------