EANS-Adhoc: adesso acquires majority stake in e-business specialist ARITHNEA GmbH with over 100 employees and EUR 10 million in sales revenues
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 29.03.2012 adesso AG is to acquire a 51 % stake in ARITHNEA GmbH, thus expanding its portfolio in consultancy and implementation services for e-commerce solutions and increasing its involvement in the implementation of content management systems. In the last financial year, ARITHNEA recorded sales revenues of EUR 10 million (previous year: EUR 6 million) and earnings before taxes of EUR 1.4 million. The company is debt-free and has a sound balance sheet structure and liquidity situation. adesso will acquire the shares from the company´s four shareholders, who will work with adesso to drive ARITHNEA´s expansion in additional sectors in Germany and abroad in the long term. The acquisition price was set at a low seven-figure cash sum plus a variable component which will be payable should the positive development seen so far in the current financial year be maintained. The remaining 49 % stake is subject to contractual agreements on matters such as purchase options. The Executive Board end of ad-hoc-announcement ================================================================================ Additional Information: In recent years, ARITHNEA, based near Munich, has developed an outstanding reputation for consultancy, implementation and maintenance services around e-business applications on the strength of its work with a number of major corporations. The company offers a combination of agency services such as design and user experience and the implementation of e-commerce platforms. As adesso does not yet cover either of these areas on the whole with its own resources, the acquisition represents an ideal complement to adessos existing portfolio in the context of its strategy and equity story. ARITHNEAs clients include major names such as BOSCH, EADS, Telefónica Germany and ProSiebenSat1. The company also acts as a partner for the implementation of content management systems, meaning the acquisition will boost adessos existing activities in this field. Further inquiry note: Martin Möllmann Manager Investor Relations Tel.: +49 231 930-9330 E-Mail: ir@adesso.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: adesso AG Stockholmer Allee 24 D-44269 Dortmund phone: +49 231 930-9330 FAX: +49 231 930-9331 mail: ir@adesso.de WWW: http://www.adesso-group.de sector: Computing & Information Technology ISIN: DE000A0Z23Q5 indexes: CDAX stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/general standard: Frankfurt language: English
Original content of: adesso AG, transmitted by news aktuell