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GIMV sells its stake in French company DTS

Press release
Antwerp, 9 July 2007
17:45 CET

GIMV sells its 42%-stake in the French company Drilling Technical Supply (DTS) ( to Thomas & Betts Corporation. DTS has been established in 1983 and specializes in the manufacturing and marketing of electrical and light equipment for hazardous en hostile areas. The main products lines are lighting, panels and enclosures. DTS is market leader in France and has a direct presence in more than 30 countries on 6 continents.

GIMV became shareholder of DTS, next to NPM Capital, at the occasion of a management buyin (MBI) in 2000. GIMV now sells its stake in DTS, together with all other shareholders, to the American stock-listed Thomas & Betts Corporation (NYSE: TNB). Thomas & Betts Corporation is a leading manufacturer of electrical components used in construction, industrial and utility markets headquartered in Memphis, Tennessee (US).

The sale has a positive impact of EUR 3.7 million (EUR 0.16 per share) on GIMV’s last published equity value as of 31 March 2007. No further financial details will be published.

For more information, please contact:

Mr. Frank De Leenheer - Investor Relations & Corporate Communications Manager
Tel: +32 3 290 22 18 - E-mail:

Mr. Alain Grillaert – Executive Investment Manager
Tel: +32 3 290 21 15 – E-mail:

Since its incorporation in 1980 GIMV has grown into Belgium's most important venture capital provider and companybuilder. GIMV has now become a major European and international market player. Both in Belgium and abroad, GIMV invests in information and communication technology, life sciences as well as in growth financing and management buyouts (MBOs) of companies in more traditional sectors. GIMV currently manages around EUR 1.5 billion of assets (including third party funds). GIMV has been listed on Euronext Brussels since 1997.
For more information on GIMV, please go to

Publisher Contact Information:

+32 3 290 22 18

Company profile of GIMV N.V.
Past press releases of GIMV N.V. .


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