11 88 0 Solutions AG — M&A Activity 2006

Jun 7, 2006

News Details

Ad-hoc | 7 June 2006 08:31

telegate AG: Acquisition in Germany – telegate takes over DA-business from SNT Germany

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— The DA and call center provider telegate AG signed an agreement with SNT Deutschland AG for takeover of SNT’s classic DA-business. telegate will take over SNT Germany’s DA-telephone numbers “11881”, “11882” and “11889”, as well as all existing customer contracts related to these numbers. A central component of the acquisition is thus a long-term partnership with the mobile phone carrier O2 Germany, which exclusively markets the DA-number “11881” on its net. The purchase price approximately equals one and a half times the annual sales of around Euros 6 million, which SNT Deutschland earns in the classic DA-business. Both companies agreed to keep additional terms of the acquisition confidential. The transaction is expected to be completed by the end of June 2006. Further information: telegate AG Claudia Strixner Fraunhofer Str. 12a – 82152 Munich-Martinsried Tel.: 089/ 8954-1188 – Fax: 089/ 8954-1189 Email: claudia.strixner@telegate.com (c)DGAP 07.06.2006 ————————————————————————— Language: English Issuer: telegate AG Fraunhofer Str. 12a 82152 München-Martinsried Deutschland Phone: +49 089 – 89 54 0 Fax: +49 089 – 89 54 10 10 email: info@telegate.de WWW: www.telegate.de ISIN: DE0005118806 WKN: 511880 indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————