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M&A Activity • Oct 26, 2005

News Details

Corporate | 26 October 2005 08:00

ARQUES acquires 77,98% of stock exchange listed tiscon AG Infosystems

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— ARQUES acquires 77,98% of stock exchange listed tiscon AG Infosystems Third stock exchange listed subsidiary in the ARQUES Group Starnberg, October 26, 2005 – With immediate effect the Starnberg-based equity investment company, ARQUES Industries AG (ISIN DE0005156004), takes over 77,98% of tiscon AG Infosystems, Neu-Ulm (ISIN DE0007458804), listed in the regulated market (General Standard). The seller is cellent AG, Stuttgart, a subsidiary of the Landesbank Baden-Württemberg. tiscon was acquired according to the ARQUES philosophy. tiscon AG Infosystems is a full service provider for business process management solutions. The service focus lies in process orientated solutions, from analysis and consultation to implementation and maintenance. In the financial year 2004, tiscon attained an annual deficit of EURO -1.3 million with a consolidated revenue of EURO 8.2 million. ARQUES is confident that the company can be guided operationally back into the profit zone in 2006. The existing activities will be continued selectively according to market prospects. tiscon was acquired according to the ARQUES business philosophy, free of bank obligations and other financial commitments. The company possesses enough cash to finance medium-term development from its own means. Markus Zöllner, COO of ARQUES Industries AG as well as Dr. Peter Fischer, Director of ARQUES Industries AG, were appointed to the executive board. ARQUES will make the remaining shareholders an obligatory public offer for the acquisition of all tiscon AG shares according to the regulations of the German security acquisition and takeover law (“WpÜG”). ARQUES, however, already expects that only a few shareholders will accept this offer, since the offer will depend on the share price in the past (share price average over 3 months). About ARQUES ARQUES Industries AG, Starnberg, is a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries’ potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. ARQUES has made a duty of identifying underestimated companies with reduced survivability but with high appreciation potential, at the same time mastering complex company structures and transitional situations. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol “AQU” (ISIN: DE0005156004) and are listed in the SDAX since September 19, 2005. Contact: ARQUES Industries AG Investor Relations & Corporate Communicaiton Anke Lüdemann Tel.: +49 (0) 8151/ 651 0 Email: luedemann@arques.de DenkLeistung Kommunikationsmanagement Monika Schlesinger Tel.: +49 (0) 8141/ 53 97 02 Email: Monika.Schlesinger@t-online.de End of announcement (c)DGAP 26.10.2005 —————————————————————————— WKN: 515600 ; ISIN: DE0005156004; Index: SDAX Listed: Geregelter Markt (Prime Standard) in Frankfurt; Freiverkehr in Berlin- Bremen, München und Stuttgart 260800 Okt 05