va-Q-tec announces acceptance rate for EQT Private Equity’s takeover offer after end of the additional acceptance period

• Acceptance level of 85.75% after the takeover offer
• Completion of the takeover offer expected by no later than the second quarter of 2023

Würzburg, 10 March 2023 va-Q-tec AG (“va-Q-tec”), a pioneer of highly efficient products and solutions in the area of thermal insulation (so-called super thermal insulation) and temperature-controlled supply chains (so-called “TempChain” logistics), announces the acceptance rate during the additional acceptance period for the voluntary public takeover offer (“Takeover Offer”) by Fahrenheit AcquiCo GmbH (“Bidder”), a company controlled by EQT Private Equity and supported by co-investors Mubadala Investment Company PJSC and the Sixth Cinven Fund. After the end of the additional acceptance period on 7 March 2023, the acceptance rate amounts to 85.75% of all va-Q-tec shares currently issued, including the shares held by va-Q-tec’s founding families.

Subject to the necessary merger control clearances, the Takeover Offer is expected to be completed by no later than in the second quarter of 2023.

Important note

This press release does not constitute a statement or supplement to the statement of the Management Board or the Supervisory Board in relation to the Takeover Offer. The Bidder’s offer document is solely binding for the offer itself.

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About va-Q-tec  
va-Q-tec is a pioneer in highly efficient products and solutions in the area of thermal insulation and TempChain logistics. The company develops, produces and markets highly efficient and consequently thin vacuum insulation panels (VIPs), as well as phase change materials (PCMs) for reliable and energy-efficient temperature controlling. va-Q-tec deploys this key thermal technology in order to produce passive thermal packaging systems (containers and boxes) that maintain constant temperatures, depending on type, for up to 200 hours without external energy input. In order to implement temperature-sensitive logistics chains, va-Q-tec – within a global partner network – operates a fleet of rental containers and boxes meeting demanding thermal protection standards. Along with Healthcare & Logistics as the main market, va-Q-tec addresses the following further markets: Appliances & Food, Technics & Industry, Building, and Mobility. The high-growth company, which was founded in 2001, is based in Würzburg, Germany.

Further information: www.va-q-tec.com,
Follow va-Q-tec on Twitter: @vaQtec, LinkedIn: linkedin.com/company/va-Q-tec 

About EQT  
EQT is a global investment organization with more than EUR 114 billion in assets under management in two business areas – Private Capital and Real Assets. EQT funds have investments in companies in Europe, Asia and America. EQT supports portfolio companies on their path to achieving sustainable growth, operational excellence and market leadership.

Further information: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

Disclaimer
This release contains statements about the future development of va-Q-tec. These forward-looking statements are based on the Management Board’s current expectations, assumptions and forecasts, and the information currently available to the Management Board, and have been prepared to the best of its knowledge and belief. No guarantee or liability can be assumed for the occurrence of the future developments and results mentioned in relation to such forward-looking statements. Rather, future developments and results depend on various factors. These entail risks and uncertainties that are beyond va-Q-tec’s control and are based on assumptions that may prove to be incorrect. Notwithstanding legal requirements to adjust forecasts, va-Q-tec assumes no obligation to update the forward-looking statements contained in this release.