TTL Beteiligungs- und Grundbesitz-AG
ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009> TTL AG to cross the herring pond Plans to acquire shareholding in US IT enterprise
Letter of intent signed
Munich (ots Ad hoc-Service) -
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For TTL Information Technology AG, the second acquisition of the new year is just round the corner. Following the 100 % takeover of the 1st DATA Solution Vertriebs-GmbH sales company only last month, we are now pleased to announce the first successful step on our path towards international expansion: through our subsidiary TTL International AG, we have signed a letter of intent with the United States' leading IT sales and service company BDI Distributors, Inc., covering acquisition of an equity holding in this Atlanta-headquartered firm. The US IT enterprise achieved sales of around 115,000,000 US$ in the 1999 business year, thus upping its turnover by more than 100 % and making it one of the fastest-growing IT sales and service companies in the United States. For 1999, BDI Distributors, Inc. reports EBITDA totaling well over 10 % of turnover. One of the most profitable and dynamic market segments serviced by BDI Distributors, Inc. is the supply of IT products and services to Internet companies (Internet fulfillment).
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