QSC AG

M&A Activity • Dec 21, 2010

News Details

Ad-hoc | 21 December 2010 10:07

QSC’s IT competence strengthened by new acquisition

QSC AG / Key word(s): Acquisition

21.12.2010 10:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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QSC's IT competence strengthened by new acquisition

Cologne, December 21, 2010. Effective immediately, Cologne-based QSC AG has
acquired all shares of IP Partner AG, of Nuremberg. Formed in the year
2000, this company is a fast-growing provider of hosting and IT outsourcing
services for small and mid-size enterprises. With its workforce of nearly
60 people, the company is expected to generate revenues of EUR 14 million
and positive net income for the 2010 fiscal year. IP Partner operates two
data centers in Munich and Nuremberg with more than 10,000 servers for over
1,000 business customers. Construction is currently under way on further
data centers having total floor space of 3,000 square meters. With this
acquisition, QSC is accelerating its transformation process from a
telecommunications (TC) provider to an integrated information and
communications technology (ICT) service provider, thus enabling it to offer
its predominantly small and mid-size customers a far broader spectrum of
products and services in the future.
The purchase price involves two components. QSC will pay EUR 15 million in
cash to the former shareholders as of January 3, 2011. A further EUR 10
million will be due and payable by no later than the end of April 2012,
contingent upon various prerequisites, including a sustained high level of
corporate growth, in particular.

Queries to:
QSC AG
Arne Thull
Investor Relations
Phone: +49 221 6698-724
Fax: +49 221 6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de

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Language: English
Company: QSC AG
Mathias-Brüggen-Straße 55
50829 Köln
Deutschland
Phone: +49 (0)221 66 98-112
Fax: +49 (0)221 66 98-009
E-mail: invest@qsc.de
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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