Dortmund, 16.11.2015
adesso AG will take over 100 % of the shares in ARITHNEA GmbH early and unify all adesso Group e-commerce and CMS activities
adesso AG will take over 100 % of the shares in ARITHNEA GmbH early and unify all adesso Group e-commerce and CMS activities The supervisory board of adesso AG today approved the signing of a purchase and contribution agreement to fully take over ARITHNEA GmbH. The forthcoming implementation of the agreement will see adesso's share in the company rise from 51 % to 100 %. The original agreement did not provided for the option of a full takeover until 2017. At the same time, adesso AG will transfer its own e-commerce and content management activities to ARITHNEA GmbH so as to pool all e-business activities, including an agency; this new group-wide area will then have approximately 200 employees. Duplicated structures, which are not ideal for either market development or customers, will be streamlined. The sellers will remain in the company even after the transaction has been completed. Approximately 20 % of the purchase price is to be paid within the scope of a capital increase through contributions in kind by issuing adesso shares with a minimum holding period of one year. Pursuant to the original agreements, the purchase price for the 49 % stake in the company is based on earnings development over the course of a number of years and has been calculated in the mid single-digit million range. ARITHNEA has generated an average EBIT of more than EUR 1.7 million per year since its takeover in 2012. The purchase and contribution agreements approved today are expected to be signed shortly; the company plans to close the transaction in the first quarter of 2016, effective 1 January 2016. Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: ir@adesso.de 16.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: adesso AG Stockholmer Allee 20 44269 Dortmund Germany Phone: +49 231 7000-7000 Fax: +49 231 7000-1000 E-mail: ir@adesso.de Internet: www.adesso-group.de ISIN: DE000A0Z23Q5 WKN: A0Z23Q Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Head of Investor Relations Martin Möllmann +49 231 7000-7000