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03-26-2012

Change of shareholders at Organica

Based on purchase agreement dated 30 November 2011 Witec GmbH, Laasdorf, Germany acquired 94 % and their Managing Director, Anastasia Domke acquired 6 % of the shares of Organica Feinchemie GmbH, Wolfen, Germany, a leading manufacturer of dyes for dye solar cells.

Domke was also appointed as Managing Director of the company. Dr. Bodo Schulze, co-founder of the Organica in 1995 and since then also Managing Director, will perform this function until 2016. Thus, the continuity of client relationships and business development is secured.

With 75 employees in 2011, a turnover of EUR 12.4 million was achieved and a profit of over EUR 1 million.

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