euro adhoc: OnVista AG
Mergers - Acquisitions - Takeovers
OnVista
acquires health care portal Medicine-Worldwide
Growth and
diversification through second subject specific website (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
OnVista AG is purchasing 100% of the shares of Berlin-based A Med-World AG retrospective from 1 January 2004. The contract of sale was signed today. The supervisory bodies of both companies have already given their approval. The non-listed company A Med-World AG operates the advertising-financed health care portal www.medicine-worldwide.de and offers licence customers content for their respective Internet services. All activities are to be integrated in OnVista Media GmbH over the next few months. OnVista Media, a wholly-owned subsidiary of OnVista AG, operates and markets the finance portal www.onvista.de.
With the take-over of the health care specialist, OnVista is, for the first time, venturing into a subject area outside finance. The aim of this strategic decision is to open up new revenue sources for OnVista Media while also reducing the company's dependence on the finance environment. The company plans to generate added value by transferring the structures and IT processes developed for its finance portal as well as its acquired marketing and sales know-how to the health care portal.
In 2003, A Med-World AG generated sales in the region of six-digit Euro through content licensing to pharmaceutical companies and health insurance providers as well as through advertising on its own web site, and also recorded an almost balanced result under the German Commercial Code (HGB). Founded in 2000, the company today employs seven staff. The online service www.medicine-worldwide.de is one of the most popular health care websites in Germany, with more than 1 million visits and 5.8 million page impressions each month (visits and page impressions in Jan. 2004, according to the company's own figures).
The two companies have agreed not to disclose the purchase price. The costs incurring this year for the further enhancement of the health care portal can be financed from the current business of OnVista Media GmbH, ensuring that the media company will continue to operate at a distinct profit despite the expansion. By linking its own marketing competence with the sector specific expertise of A Med-World AG, OnVista Media aims to step up the ad sales and licensing activities. In addition, the company is also looking into the possibility of developing an online drugstore in order to open up additional revenue sources through e-commerce. However, OnVista will, under no circumstances, develop its own mail-order structures but, if necessary, would fall back on third party infrastructures and logistic expertise.
IR contact: Stefan Bohlmann, Tel. +49 2203/9146-220, ir@onvista.de; Press contact: Anja Seipp, Tel. +49 2203/9146-306, presse@onvista.de
end of announcement euro adhoc 01.03.2004
Further inquiry note:
IR contact: Stefan Bohlmann, Tel. +49 2203/9146-220, ir@onvista.de;
Press contact: Anja Seipp, Tel. +49 2203/9146-306, presse@onvista.de
Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade