According to the listing prospectus, 2,911,750 shares were to be placed in public hands, a number representing 50% of the total 5,800,000 outstanding EMTS registered shares appearing in the Commercial Register. If the overallotment (green shoe) option is exercised by the underwriters, that proportion could rise to 57%. 1,693,750 of the shares on offer are part of a capital increase associated with the IPO.
EMTS Technologie AG, headquartered in Salzburg (Austria), is a provider of after-the-sale services for mobile telephones. Among the key customers with which EMTS has concluded service contracts are mobile telephone manufacturers such as Bosch, Ericsson, Motorola, Nokia, Siemens and Sony. The EMTS service package covers repair and guarantee work, software upgrades, delivery of replacement parts, as well as recycling logistics.
EMTS Technologie AG (previously PDS Professional Data Systems GmbH) was founded in 1991 by Franz Guggenberger and Heinz Kluppenegger and currently employs approximately 470 individuals at its 13 subsidiaries in Austria, Switzerland, Germany and Norway. In 1999, the company earned revenues of EUR 35 million, representing a 191% increase in sales over the previous year.
