BAVARIA Industriekapital AG closed the acquisition of Elcoteq Communications Technology GmbH

1/14/2008, 9:00 PM (Source: GlobeNewswire)
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Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
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Munich, 14 January 2008: BAVARIA Industriekapital AG closed the
acquisition of Elcoteq Communications Technology GmbH in Offenburg,
Germany, with the approval of the Federal Cartel Office. Elcoteq's
revenues in 2007 were approximately EUR 120 million. The company
produces communication technology systems for customers such as
Motorola and Ericsson. Seller is the Finnish Elcoteq Group, the
largest European electronics manufacturing services company. The
parties also signed an agreement to ensure the further supply of key
components to Elcoteq group.

Elcoteq SE is a leading electronics manufacturing services (EMS)
company with original design manufacturing (ODM) capabilities in the
communications technology industry. Elcoteq's consolidated net sales
in 2006 were EUR 4.3 billion. The group is listed on Helsinki Stock
Exchange. For more information please visit the Elcoteq website at
www.elcoteq.com.

BAVARIA Industriekapital AG's 2006 revenues were EUR 333 million,
with an EBITDA of EUR 51 million. The company is listed in the Entry
Standard on the Frankfurt Stock Exchange. Headquartered in Munich,
the group invests in companies with strong market positions and a
potential to improve profits.

For further questions, please contact:
BAVARIA Industriekapital AG
Herrn Steffen Görig
steffen.goerig@baikap.de
Tel: +49 (0)89 / 7298 967-0



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BAVARIA Industriekapital AG
Bavariaring 18 München Germany

WKN:
260555; ISIN: DE0002605557;
Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover;
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