EANS-Adhoc: adesso acquires majority stake in e-business specialist ARITHNEA
GmbH with over 100 employees and EUR 10 million in sales revenues
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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.
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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
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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
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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