Press Release
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21st August 2000, St Louis, USA
Viasystems Group, Inc. (NYSE: VG - news), a leading global provider of electronics manufacturing services, announced today that it has signed an acquisition agreement to acquire Lucent Technologies' Rouen Global Provisioning Center, in Rouen, France (Lucent Rouen). Terms of the acquisition were not disclosed.
Lucent Technologies' Rouen Global Provisioning Center is dedicated to the production and logistics for the radio telecommunications and the transmission sectors. Additionally, Viasystems and Lucent have entered into a 30-month supply agreement for those products currently produced in Rouen.
The radio products manufactured in Rouen include Integrated Radio Telecommunication (IRT) Multipoint Wireless Access, SWING/DECT (digital enhanced cordless telecommunications) fixed wireless local loop systems, cordless terminal adapters (CTA), and microwave radio products. The transmission products consist of SDH Multiplexers for synchronous digital hierarchy networks, and quality enhancing equipment such as echo cancellors and 2 Mbps path protection systems.
Lucent Rouen is certified ISO 9002 and ISO 14001 and has developed the necessary functions required to operate as a standalone manufacturing organization, handling order management on a ``driven by demand'' production flow basis. Lucent Rouen has significant manufacturing, engineering, scheduling and procurement capabilities. Lucent Rouen has developed a strong expertise to manufacture telecommunications network equipment and other complex electronics/radio based products in medium to long runs, including:
``We are pleased to announce the acquisition of Lucent Technologies' Rouen facility,'' said James N. Mills, chairman and chief executive officer of Viasystems. ``Lucent has been a very strategic customer of Viasystems since our inception, and we are pleased that Lucent chose Viasystems to outsource this integrated manufacturing facility. We are very excited about the opportunity to serve Lucent and other strategic customers from this facility.''
``As a significant global supplier to Lucent Technologies, Viasystems is ideally suited to take over the operations of Lucent Rouen. Lucent Rouen is an excellent facility and we expect that it will continue to serve Lucent well over the foreseeable future,'' said Ronald Scachitti, Vice President of Lucent's Wireless Access Solutions business unit.
Lucent Technologies, headquartered in Murray Hill, NJ, USA, designs and delivers the systems, software, silicon, and services for next-generation communications networks for service providers and enterprises. Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as broadband and mobile Internet infrastructure: communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com.
Based in St. Louis, MO, Viasystems Group, Inc. is a leading global EMS provider with over 20,000 employees and 29 manufacturing facilities in eight countries, supplying customers in the telecommunications, networking, automotive and consumer electronics industries. Viasystems was formed in 1996 by Hicks, Muse, Tate and Furst and Mills and Partners, Inc., and is listed on the New York Stock Exchange, trading under the symbol ``VG''. Visit its Web site at http://www.viasystems.com.
For more information please contact:
Viasystems Group Inc., St. Louis
James G. Powers, 314/746-2242
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