va-Q-tec AG informs about the fulfilment of the last offer condition of the voluntary public takeover offer of Fahrenheit AcquiCo GmbH to the shareholders of va-Q-tec AG

va-Q-tec AG informs about the fulfilment of the last offer condition of the voluntary public takeover offer of Fahrenheit AcquiCo GmbH to the shareholders of va-Q-tec AG – delisting agreement concluded with delisting tender offer to be launched and domination and profit and loss transfer agreement planned

Würzburg, 30 June 2023. va-Q-tec AG (ISIN DE0006636681 / WKN 663668, the ”Company“) announces that all offer conditions under the voluntary public takeover offer (“Takeover Offer”) of Fahrenheit AcquiCo GmbH, a holding company controlled by EQT Private Equity, to the shareholders of the Company have been satisfied. After the German Federal Cartel Office (Bundeskartellamt) has already given its clearance on 12 June 2023, the Austrian Federal Competition Authority (Bundeswettbewerbsbehörde) has today also declared its waiver of a further review, whereby the voluntary public takeover offer is deemed to be cleared. The settlement of the Takeover Offer is expected to occur on 6 July 2023.

Following the successful settlement of the Takeover Offer, Fahrenheit AcquiCo GmbH plans to carry out a delisting of the Company’s shares through a public delisting tender offer. For this purpose, the Company and Fahrenheit AcquiCo GmbH entered into an agreement for a delisting of the Company (“Delisting Agreement”) immediately after becoming aware today of the waiver of a further review by the Austrian Federal Competition Authority. Under the Delisting Agreement it was agreed, inter alia, that Fahrenheit AcquiCo GmbH shall offer the shareholders of the Company to acquire their va-Q-tec shares by way of a public delisting tender offer against a cash payment in the amount of EUR 26,00 per va-Q-tec share. Subject to, inter alia, the review of the offer document yet to be published by Fahrenheit AcquiCo GmbH, the Company agreed under the Delisting Agreement to support a delisting by applying for the revocation of the admission to trading of all va-Q-tec Shares on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange in connection with the delisting tender offer. Furthermore, Fahrenheit AcquiCo GmbH continues to pursue the conclusion of a domination and profit and loss transfer agreement with the Company and is in advanced negotiations with the Company, whereby it is currently intended that this year's Annual General Meeting of the Company will resolve on the approval of such domination and profit and loss transfer agreement.

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IR contact

va-Q-tec AG
Felix Rau
Phone: +49 931 35942 – 2973
Email: Felix.Rau@va-Q-tec.com

cometis AG
Claudius Krause
Phone: +49 611 - 20 585 5-28
Email: krause@cometis.de

About va-Q-tec   

va-Q-tec is a pioneer of highly efficient products and solutions in the field of thermal insulation and TempChain logistics. The company develops, produces, and sells highly efficient and thus thin vacuum insulation panels (“VIPs”) for insulation as well as thermal energy storage components (Phase Change Materials – “PCMs”) for reliable and energy-efficient temperature control. With this key thermal technology, va-Q-tec manufactures passive thermal packaging systems (containers and boxes) that, depending on the type, can maintain constant temperatures for up to 200 hours without the supply of external energy. For the execution of temperature-sensitive logistics chains, va-Q-tec maintains a fleet of rental containers and boxes in a global partner network, with which demanding thermal protection standards can be met. In addition to Healthcare & Logistics as the main market, the following other markets are addressed by va-Q-tec: Refrigeration & Food, Technology & Industry, Construction and Mobility. Founded in 2001, the fast-growing company is headquartered in Würzburg, Germany.

For more information: www.va-q-tec.com,
Follow va-Q-tec on twitter: @vaQtec, LinkedIn: linkedin.com/company/va-Q-tec