euro adhoc: Lintec Information Technologies AG
Mergers -
Acquisitions - Takeovers
LINTEC continues refocusing on core
business; Bluetooth activities of subsidiary rfi AG sold (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
LINTEC subsidiary rfi AG sold its "ANYCOM" business activities to ANYCOM Technologies GmbH with immediate effect. The transaction is structured as an asset deal. The new company will continue rfis business activities in connection with bluetooth and GPRS products and solutions. Both parties have agreed not to disclose the price of the transaction. Rfi mobile technologies AG will concentrate in future, with significantly reduced personnel numbers and costs and according to concern strategy, on its own brand business. As part of a MBO the new company ANYCOM Technologies GmbH has been financed by Brockhaus Private Equity Fonds, Frankfurt, in conjunction with co-investor and managing director Arnold August. Mr August was a co-founder of the former rfi parent company ADA-Das Systemhaus and, after the takeover of rfi by LINTEC, a member of the advisory board of rfi and later a consultant. The new company acquires all staff, certain assets and liabilities associated with the bluetooth activities. The transaction will result in a further reduction of LINTECs concern liabilities and an improvement of operating results in the concern. Rfis business activities were, despite significant investments in this area, increasingly loss generating. The disposal is therefore a consequence of the comprehensive restructuring process at LINTEC Information Technologies AG, which is aimed at refocusing on margin generating activities and the disposal of loss making areas. For more details, contact: LINTEC Information Technologies AG, Dept MarCom Tel: +49 (0)34298 71607 Fax: +49 (0)34298 71372 Email: aktie@lintec.de Web: www.lintec.de
end of announcement euro adhoc 15.10.2003
Further inquiry note:
Dirk Heynig
Tel. 034298/71510
E-Mail: dirk.heynig@lintec.de
Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
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
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade