1&1 AG — M&A Activity 2008

Dec 19, 2008

News Details

Corporate | 19 December 2008 18:45

Drillisch AG: Aquires majority stake in eteleon e-solutions AG, Munich

Drillisch AG / Acquisition

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Drillisch AG acquires a majority stake in one of the market leading
internet-sales specialist eteleon e-solutions AG, Munich, and plans to
offer a share swap; eteleon shareholders will receive one Drillisch share
per eteleon share

Maintal/Munich, 19. December 2008: Today the Mobile Service Provider
Drillisch AG signed a contract to acquire a majority stake in eteleon
e-solutions AG, Munich, which is listed in the German Entry-Standard. The
closing of the transaction is expected to take place at the beginning of
2009.

During the first half of 2008 Drillisch AG generated revenues of mEUR 174,
while eteleon e-solutions AG generated mEUR 21 respectively. Together the
companies aim to strengthen their sales activities, to broaden their
product range and to attract new customers.

Drillisch AG intends to leverage its own distribution channel to market
eteleon products and in return plans to utilize eteleon’s well established
internet and TV-channels for Drillisch products. Furthermore eteleon will
develop and maintain internet-based sales platforms for the Drillisch
group. Eteleon hereby acts as a full service provider. 'By acquiring a
majority stake in eteleon Drillisch AG managed to open up another
successful distribution channel, which is particularly strong in the area
of online-sales', Drillisch CEO Paschalis Choulidis stated.

Due to strong and profitable growth in the past, eteleon e-solutions AG is
among the winners of the Deloitte Technology Fast 50 study, which was
released in October 2008. Therefore eteleon e-solutions AG belongs to the
50 fastest growing companies in Germany. 'We explicitly welcome Drillisch’s
acquisition of a majority stake in eteleon e-solutions AG. Particularly the
planned substantial cooperation between the two companies will allow
eteleon to continue its path of growth in the future', eteleon’s board of
management, Julian and Tobias Valdenaire as well as Staffan Schilke,
explained.

Drillisch AG plans to offer – within the next weeks – the remaining eteleon
e-solutions AG shareholders already existing own Drillisch shares with an
exchange ratio of 1:1.

Eteleon e-solutions AG is advised by Mayrhof & Partner while the former
majority shareholders are counseled by AFR Aigner Fischer Radlmayr
Rechtsanwälte.

Drillisch AG is advised by BDO Deutsche Warentreuhand AG, BEITEN BURKHARDT
Rechtsanwaltsgesellschaft mbH and BHF-BANK AG.

About Drillisch AG:

The Drillisch AG acts as a holding, for the wholly owned subsidiaries
ALPHATEL GmbH, VICTORVOX GmbH, Telco Services GmbH, simply Communication
GmbH, McSIM Mobilfunk GmbH and iq-optimize Software AG. The group holds
service provider licenses for the T-Mobile, Vodafone, E-Plus and o2
networks and sells attractive credit and debit products relating to mobile
communications. Additionally Drillisch AG offers via its portal dialing.de
value-added-services, ringtones, logos and many more. IQ-optimize Software
AG develops innovative software for workflow-optimization within the group.
The management software is also marketed to external companies. Drillisch
was founded in 1983 and is publicly listed since 1998.

About eteleon e-solutions AG:

Munich based eteleon e-solutions AG is listed in the German Entry Standard
and operates three business segments: e-Sales, e-Products and e-Solutions.
Within the e-Sales segment, the company distributes telecommunication, IT
and consumer electronic products via e-Commerce and other non-store retail
sales channel. The segment e-Solutions offers processing solutions for
contractual products as well as distribution solutions for well-known
companies. e-Products takes care of the inhouse-development and sales of
contractual telecommunication-bundles for end customers. More than 15,000
sales partners market eteleon products via internet, TV-shopping and direct
mailing. In 2007 the company processed more than 350,000 mobile telephone
contracts. The company operates in this market since 2000 and is publicly
listed since 2006.

Investor Relations Contact
Drillisch AG, Investor Relations

Oliver Keil

E-Mail: ir@drillisch.de
Internet: www.drillisch.de
19.12.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 183
E-mail: ir@drillisch.de
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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