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Viasystems Expects 8% Revenue Growth in 4Q09
Monday, January 11, 2010 | Business Wire

Viasystems Group, Inc. has announced that estimated consolidated net sales for the quarter ended December 31, 2009 were $131 million, an increase of approximately $10 million or 8% compared with third-quarter consolidated net sales of $121 million. This was the second consecutive quarter of improvement in orders, as the book-to-bill ratio in the fourth quarter was 1.15, compared with 1.08 in the third quarter.

"The book-to-bill ratio has been positive for all our end markets in the third and fourth quarters," said David Sindelar, Chief Executive Officer. "We believe this is the result of a stabilization of the markets we serve, as well as our customers returning to normal ordering patterns."

On October 6, 2009, Viasystems Group, Inc. announced that it had entered into a definitive merger agreement to acquire Merix Corporation. Consummation of the merger is subject to customary closing conditions, including approval of the merger by Merix' shareholders at a special meeting to be held on February 8, 2010.

In connection with the merger, Viasystems has filed a Form S-4 with the Securities and Exchange Commission, which was declared effective on December 31, 2009. Viasystems has applied for listing of its shares on the NASDAQ Global Market effective upon consummation of the merger.

About Viasystems Group, Inc.

Viasystems is a worldwide provider of complex multi-layer, rigid PCBs and electro-mechanical solutions (E-M Solutions). Its PCBs serve as the "electronic backbone" of almost all electronic equipment, and its E-M Solutions products and services integrate PCBs and other components into electronic equipment, including metal enclosures, cabinets, racks and sub-racks, backplanes, cable assemblies and busbars.

Viasystems' 10,000 employees in North America and Asia serve more than 125 customers in the automotive, telecommunications, computer and data communications, and industrial and instrumentation markets. For additional information, visit
www.viasystems.com.


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