Media release

Elma acquires part of the Electronic Cabinet activities of Mayville

Products Corporation, Mayville, Wisconsin, USA

CH-Wetzikon, March 1, 2012 - The Elma Group purchases part of the cabinet activities of Mayville Products Corporation as of February 29, 2012. The acquisition covers selected product families with all accompanying technical documentations, existing current assets and current customer base.
With this acquisition (asset deal) Elma expands the range of enclosure solutions, in particular for applications in the segments of data communication and broadcasting in North America. The acquisition will also include the brand names APW Mayville, Stantron, Pioneer and Frontier. Mayville Products Corporation has recently announced that they are selling all their activities and cease operations soon. The parties agreed not to disclose the purchase price.
As a solution-oriented company, Elma «Your Solution Partner» develops and manufactures innovative and customized electronic components and system solutions. The broadening of the product range of electronic cabinets allows Elma to expand its market position in both standard and customized solutions in the electronic packaging market.
Contact persons:
Elma Electronic AG Hofstrasse 93
8620 Wetzikon
Stephan Bürgin Edwin Wild
CEO Elma Group CFO Elma Group
Tel. +41 44 933 43 04 Tel. +41 44 933 42 45 stephan.buergin@elma.chedwin.wild@elma.ch
Elma Electronic is a global company that designs and manufactures solutions in electronics packaging. The company provides standard to fully customized components such as modular enclosures, cabinets and backplanes up to complete system integration. Elma also manufactures precision rotary switches. The company offers a fast, flexible response to customer needs and extensive practical knowledge in tailoring solutions to specific applications.
Visit our Website: www.elma.com

Disclaimer

This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Elma's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Elma's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Elma Group companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Elma disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This Media Release is published in German and in English. Should the English translation differ from the German original, the German version is binding.