Catalis SE: Catalis sells its Belgium entity Testronic Lab. Belgium NV for Euro 8.2m

LA Waalre (pta022/30.04.2015/15:50 UTC+2) Ad Hoc News:
Catalis SE sells its Belgium entity Testronic Lab. Belgium NV for Euro 8.2m

La Waalre, April 30, 2015 - Catalis SE, the worldwide service provider to the digital media and entertainment industry, today announces that its wholly owned intermediate holding company Testronic Laboratories SE will sell its wholly owned subsidiary Testronic Laboratories Belgium NV for a total gross consideration of Euro 8.174m.

As previously announced, the board of directors conducted a strategic review of the Group in late 2014. Testronic Laboratories Belgium NV is a specialized testing business and has little interaction or business overlap with the wider Catalis SE Group. In 2014, Testronic Laboratories Belgium NV generated revenues of Euro 7.921m and an operating profit be-fore non-recurring cost of Euro 958k. The sale was agreed on a cash free, debt free basis. Eur1m of the gross proceeds will be held for an agreed period in escrow in support of specific representations and warranties.

Euro 3m of the proceeds from the transaction will be used to reduce the working capital facility with KBC Bank. The remaining proceeds from the transaction will be invested to develop the core operations of the Group.

The Board of Catalis approved and signed the transaction today.

For further information on Catalis SE and its wholly owned subsidiaries, Testronic Labs and Kuju, please refer to www.catalisgroup.com, www.testroniclabs.com and www.kuju.com.

For further questions please contact our Investor Relations team directly:

Catalis SE
Investor Relations Team
t: +31 (0)40-2137735
f: +31 (0)40-2940263
info@catalisgroup.com

About Catalis SE:

Catalis is a worldwide leading outsourcing provider focusing on high-end technical ser-vices relating to the creation of digital content for the film, video games and software in-dustries. Catalis offers both testing and development services. It operates through its wholly-owned subsidiaries Testronic Labs and Kuju from eight locations throughout the US, the UK, Poland, Belgium and the Netherlands.

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Emitter:	Catalis SE Laan van Diepenvoorde 3 5582 LA Waalre Netherlands
Contact Person:	Peter Biewald
Phone:	+31 40 2135930
E-Mail:	peter.biewald@catalisgroup.com
Website:	www.catalisgroup.com
ISIN(s):	NL0010447306 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart