euro adhoc: Mergers - Acquisitions - Takeovers
SinnerSchrader takes over
spot-media
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
30.01.2008
SinnerSchrader AG today announced that it has signed contracts for the complete takeover of spot-media AG. The shares will probably be transferred to SinnerSchrader on 1 February 2008.
spot-media is a fast-growing, independent interactive agency in Hamburg. It was founded in 1996 by Oliver Welling, who has continued to manage the company as its CEO. spot-media has nearly doubled its revenues in the past two years by focusing on two areas of interactive business: the ongoing maintenance of large Internet shops and portals on the one hand, and consultation and the development and implementation of websites and Internet applications for small- to medium-sized businesses on the other. For the 2008 financial year, spot-media anticipates revenues of over EUR 3 million and an operating margin of more than 10 per cent. spot-media currently has more than forty full-time employees.
This is the first time since 2001 that SinnerSchrader has supplemented its own double-digit growth through an acquisition. spot-media´s key areas of activity complement the business orientation of SinnerSchrader. Furthermore, with its ongoing maintenance services, spot-media addresses a field of business which - in light of the increasing importance and complexity of large shops and portals - demands special forms of organisation and promises good rates of growth. spot-media was looking for a strong partner to take better advantage of these growth opportunities.
spot-media will operate as an independent company and brand within the SinnerSchrader Group. It will be managed by Ralph Riepenhausen (43) and Ihssan Ayoub (33), both of whom played an important role in the development of spot-media alongside Oliver Welling over the past years. Oliver Welling has chosen to leave the company with this sale.
Both parties have agreed to keep the purchase price confidential. The sum will be settled in part through the 256,917 shares of treasury stock held by SinnerSchrader AG, which are subject to a six-month lock-up in accordance with the sales contract. Part of the purchase price will also depend on the economic development of spot-media over a period of four years.
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About SinnerSchrader: SinnerSchrader is a leading interactive agency in Germany. SinnerSchrader develops interactive customer experiences which radically intensify the relationship between brands and consumers. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999, and has over 150 employees in Hamburg and Frankfurt am Main.
end of announcement euro adhoc
Further inquiry note:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0
Martin Recke, Corporate Communication
T. +49. 40. 39 88 55-181
E-mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade