EANS-Adhoc: SinnerSchrader AG
SinnerSchrader takes over TIC-mobile GmbH and
taps into dynamic growth segment
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
11.05.2011
Hamburg, 11 May 2011
Today, SinnerSchrader AG signed a contract for the takeover of all shares in TIC-mobile GmbH, Berlin. TIC-mobile GmbH was founded in Berlin in 2006 by Henri Kühnert and has developed into a renowned service provider for the technical development of applications for mobile terminal devices, such as smartphones and tablets. By taking over TIC-mobile, SinnerSchrader is expanding its service portfolio in an area expected to provide new impetus for digital marketing and great growth dynamics in the years ahead.
TIC-mobile currently has 17 employees and is anticipating its revenue to top EUR1.5 million in 2011.
For the takeover, SinnerSchrader will initially pay a purchase price - including the cost of assuming the company´s liabilities - of EUR1.1 million in cash and 79,000 shares in SinnerSchrader AG from the treasury stock. Depending on the company´s economic development in 2011 to 2013, further earn-out payments may be due.
After the takeover, Henri Kühnert, 37, founder and managing partner of TIC- mobile GmbH, will head the company together with Laurent Burdin, 47, currently Managing Director Consultancy at SinnerSchrader Deutschland GmbH. TIC-mobile GmbH will trade in future as SinnerSchrader Mobile GmbH.
About SinnerSchrader SinnerSchrader is one of the leading digital agencies in Germany. SinnerSchrader develops interactive strategies, platforms, and applications which create radical relationships between consumers and brands. The SinnerSchrader Group has over 300 employees in Hamburg, Frankfurt am Main, Berlin, and Hanover who work for customers such as TUI, Tchibo, simyo, REWE, comdirect bank, the Gucci Group, OTTO, mobilcom-debitel, and Steigenberger. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999.
end of ad-hoc-announcement
================================================================================ About SinnerSchrader SinnerSchrader is one of the leading digital agencies in Germany.
SinnerSchrader develops interactive strategies, platforms, and applications which create radical relationships between consumers and brands. The SinnerSchrader Group has over 300 employees in Hamburg, Frankfurt am Main, Berlin, and Hanover who work for customers such as TUI, Tchibo, simyo, REWE, comdirect bank, the Gucci Group, OTTO, mobilcom-debitel, and Steigenberger. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999.
PR-Contact: Benjamin Nickel Head of PR presse@sinnerschrader.com
IR-Contact: Thomas Dyckhoff CFO ir@sinnerschrader.com
SinnerSchrader Aktiengesellschaft Völckersstr. 38 D-22765 Hamburg T. +49. 40. 39 88 55-0 F. +49. 40. 39 88 55-55
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original content of: SinnerSchrader AG, transmitted by news aktuell