DGAP-Adhoc: Basler AG acquires mycable GmbH

Insider information according to §15 WpHG
Company acquisition

Basler AG acquires mycable GmbH

Ahrensburg, June 1, 2017 - BASLER AG, the leading manufacturer of industrial cameras is acquiring with immediate effect 100 % of the shares of mycable GmbH based in Neumünster. Basler AG has concluded a share purchase and transfer agreement with Mr. Carstens-Behrens, founder and managing director of mycable GmbH, and its holding company tecraise GmbH as seller. 20 % of the purchase price will be paid in Basler shares and 80 % will be paid in cash. The parties have agreed not to disclose information on the purchase price. Mr. Carstens-Behrens will continue to work for mycable GmbH and Basler AG in the future.

Basler is market leader for high quality digital cameras for computer vision applications in factory automation, medicine, and traffic. OEM customers integrate Basler cameras in machines and equipment. Basler cameras offer easy integration, compact size, excellent image quality, and a very strong price performance ratio. Basler has more than 25 years of experience in computer vision. The company employs more than 500 employees at its headquarters in Ahrensburg, as well as in subsidiaries and offices in Europe, Asia, and North-America.

Mycable GmbH is a highly specialized consultancy in the area of embedded computing systems. Founded in 2001, the 13 employees of mycable GmbH support their customers in selecting embedded computing architectures. According to customer requirements, prototypes and series products are developed. If required, mycable also coordinates the production of prototypes and small batches. The customers are mainly operating in the automotive sector and the computer vision industry. In 2016, sales amounted to approximately Euro 2.6 million.

"For mycable the vision market is already the strongest market segment. Due to being a part of the Basler group, we can use the global market access of the strong Basler brand to offer our knowledge, and thus achieve optimum growth in the embedded vision market", says Michael Carstens-Behrens.

Basler AG relies on the embedded vision trend, and assumes the dominant PC architecture of today's vision systems to be noticeably substituted by embedded processor architectures in the long term. Furthermore, embedded vision systems provide the opportunity to open up new application fields for computer vision due to very compact designs and low costs. In order to do so, the integration effort for embedded vision technologies has to be considerably reduced compared to today. "Against this background, mycable's technological knowledge excellently supplements our competency profile, and will significantly support us to develop embedded vision technology for a broader group of users", says Arndt Bake, Chief Marketing Officer.

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Basler is a leading global manufacturer of digital cameras for industrial applications, medical devices, and traffic systems. Product designs are driven by industry requirements and offer easy integration, compact size, excellent image quality, and a very strong price/performance ratio. Basler has more than 25 years of experience in vision technologies. The company employs 500 people at its headquarters in Ahrensburg, Germany, as well as in international subsidiaries and offices in Europe, Asia, and the Americas.

Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 - 62, 22926 Ahrensburg, Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008