Luxembourg-based sensing specialist IEE says it has finalised the acquisition of All Circuits, an electronics manufacturing service company with with plants in Europe and North Africa.

IEE has made the acquisition with three co-investors. As the managing shareholder IEE,
together with All Circuits' management, will set the direction of the company.

"All Circuits has made a name for itself in the global market as a provider of
electronic manufacturing services (EMS) and is ranked seventh in the top ten European EMS
companies," said IEE president and CEO, Michel Witte.

"This makes them a good strategic fit with IEE. With All Circuits on board, IEE will be well positioned to develop our expertise in the automotive safety electronic production process and will have direct access to electronic manufacturing.

"This acquisition will also enable us to enlarge our product portfolio"

Show the press release

IEE S.A. • ZAE Weiergewan • 11, rue Edmond Reuter • L-5326 Contern • Luxembourg • www.iee.lu Page 1 of 3 IEE S.A. announces new acquisition Luxembourg July 1 st , 2015 – Luxembourg-based sensing specialist IEE today announced that it has finalized the acquisition of ALL CIRCUITS – a leader in the electronics manufacturing service field, with plants in Europe and North Africa. IEE has made this acquisition along with three co-investors. As the Managing Shareholder IEE, together with ALL CIRCUITS’ management, will set the direction of the company. Michel Witte, IEE’s President and CEO says that the acquisition is a positive step for both companies. “ALL CIRCUITS has made a name for itself in the global market as a leading provider of Electronic Manufacturing Services (EMS) and is ranked seventh in the top 10 European EMS companies,” he says. “This makes them a good strategic fit with IEE. “With ALL CIRCUITS on board, IEE will be well positioned to develop our expertise in the automotive safety electronic production process and will have direct access to electronic manufacturing excellence. This acquisition will also enable us to enlarge our product portfolio, particularly in the non-automotive market, and offer enhanced products, functions and services to our customers worldwide.” Bruno Racault, CEO of ALL CIRCUITS says that the partnership with the new shareholder is a wonderful opportunity to continue the company´s growth. “ALL CIRCUITS will benefit from IEE’s design capabilities, as we will now be able to offer this expertise to our customers,” he says. “We will also be closer to the German market and, with IEE´s support, will have the opportunity to expand our footprint beyond the European border. Moreover, the fact that we have the same roots as IEE and a shared language gives us a great deal of potential for future development both for our employees and in the opportunities we can provide to our customers.” Mr. Witte says that both ALL CIRCUITS and IEE will remain independent. “ALL CIRCUITS and IEE have different strengths and competencies and this will support the simultaneous development of both companies,” he says. “Mr. Racault remains the CEO of ALL CIRCUITS and he, supported by his Management Team will be responsible for the day-to-day running of the company. IEE will support and advise ALL CIRCUITS in the company’s global development.” -endsPRESS RELEASE IEE S.A. • ZAE Weiergewan • 11, rue Edmond Reuter • L-5326 Contern • Luxembourg • www.iee.lu Page 2 of 3 About IEE IEE S.A. is an innovative developer of specialized sensing systems. Founded in 1989 and headquartered in Luxembourg, the company has operations in Europe, the US and Asia. IEE is a global leader in automotive safety sensing systems for occupant detection and classification. The company's solutions are dedicated to the following markets: Automotive, Building Management & Security, and Medical, Health & Sports. IEE employs 1,900 people worldwide and more than 10 % of the company's workforce is engaged in Research & Development. For more information, please visit www.iee.lu. About ALL CIRCUITS ALL CIRCUITS specializes in electronic manufacturing service and they are active in a variety of industries, including automotive, telecommunications, medical, and industrial. Three different entities belong to the Group – MSL in Meung-Sur-Loire, France; BMS in Bayonne, France; and TIS in Tunisia – each with a slightly different focus. With 1,500 employees, ALL CIRCUITS had a sales turnover of more than 270 million EUR in 2014. Image IEE has finalized the acquisition of ALL CIRCUITS. Front row (from left to right): Mr. Bruno Racault, CEO of ALL CIRCUITS; Mr. Guangrong Han, Chairman of IEE S.A.; Mr. Michel Witte, CEO & President of IEE S.A.; Marc-Renard Payen, AIAC; second row (from left to right): Wayne Zhan; Ke Wendi; Liang Jiang; Li Xuemei, Vice Chairman CASIC; Yan Bo; Lijian Song; Wu Jingkai IEE S.A. • ZAE Weiergewan • 11, rue Edmond Reuter • L-5326 Contern • Luxembourg • www.iee.lu Page 3 of 3 Press Contacts IEE S.A. Corporate Communication Specialist Ms. Maggie Barclay ZAE Weiergewan 11, rue Edmond Reuter L-5326 Contern Luxembourg Phone: +352 2454 2556 Fax: +352 2454 3556 Cell: +352 621 274 318 E-mail: maggie.barclay@iee.lu Internet: www.iee.lu

Original source: http://www.iee.lu/includes/content_jdm_framework/contenus/fichiers/el_2418_fichier_1/150701_AC-Acquisition_pressrelease_rev06.pdf

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