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AMADEUS FIRE AG
M&A Activity • Dec 19, 2019
34_rns_2019-12-19_b4e73602-d128-4f94-abb6-30e1044db057.html
M&A Activity
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News Details
Ad-hoc | 19 December 2019 07:30
Amadeus FiRe AG: Amadeus FiRe AG acquires 100% of the shares in COMCAVE Holding GmbH
Amadeus FiRe AG / Key word(s): Takeover
Amadeus FiRe AG: Amadeus FiRe AG acquires 100% of the shares in COMCAVE Holding GmbH
19-Dec-2019 / 07:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Amadeus FiRe AG acquires 100% of the shares in COMCAVE Holding GmbH
Frankfurt am Main, 19 December 2019 – Amadeus FiRe AG (ISIN DE0005093108) (“the Company”) has concluded a purchase agreement for 100% of the shares in COMCAVE Holding GmbH, Dortmund, which is expected to be completed today, 19 December 2019. COMCAVE is a leading provider of adult education. The company is active in the field of occupational re-training and advanced vocational training at over 50 locations in Germany.
The company’s Management Board expects COMCAVE to generate revenues of around EUR 60 million in the 2019 financial year with an EBITDA margin (preparation of financial statements in accordance with HGB) of above 25%.
For the Amadeus FiRe Group, the acquisition of COMCAVE represents an important step towards countering the current bottleneck in personnel services, namely the increasing shortage of qualified personnel.
The purchase price for COMCAVE and the repayment of COMCAVE’s existing financial liabilities totalling around EUR 200 million will be financed from the company’s cash and cash equivalents and a bridge loan of around EUR 170 million. The Management Board is currently reviewing all long-term financing options.
The dividend policy of a full distribution pursued in recent years will be reviewed within the framework of the various financing options.
Contact:
Amadeus FiRe AG
Jan H. Wessling
Investor Relations
Tel: +49 (69) 96 876-180
19-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Amadeus FiRe AG |
| Hanauer Landstraße 160 | |
| 60314 Frankfurt | |
| Germany | |
| Phone: | +49 (0)69 96876 – 180 |
| Fax: | +49 (0)69 96876 – 182 |
| E-mail: | [email protected] |
| Internet: | www.amadeus-fire.de |
| ISIN: | DE0005093108 |
| WKN: | 509310 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 939975 |
| End of Announcement | DGAP News Service |