United Internet AG

M&A Activity • Dec 23, 2004

News Details

Corporate | 23 December 2004 08:15

United Internet AG: United Internet acquires 80 percent stake in InterNetX

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— Press release United Internet acquires 80 percent stake in InterNetX Outsourcing segment strengthened Montabaur, December 23, 2004. In an agreement signed yesterday, United Internet AG has acquired a stake in InterNetX GmbH, Regensburg. In a joint resolution with the existing shareholders, the company has also decided to raise the capital of InterNetX. On completion of the transaction, United Internet will own 80 % of all shares in InterNetX. In future, all reselling activities of United Internet will be conducted through InterNetX. To this end, InterNetX will take over Schlund Technologies GmbH and the reselling activities of United Internet AG previously operated by Schlund Technologies. Total sales revenues of 8 million euros are expected for fiscal year 2005. Both parties have agreed to maintain silence regarding the purchase price. InterNetX provides ISPs, telcos and Internet agencies with domains, shared and dedicated hosting products, security solutions and network connections. With over 700,000 registered domains and more than 500 hosted servers, this profitable company is one of Germany’s leading providers of white-label products. “Our investment in InterNetX represents a long-term strengthening of our outsourcing business. In the white-label sector InterNetX stands for cutting- edge technology with top-rate features offering excellent value for money,” says Ralph Dommermuth, CEO of United Internet AG. “Schlund Technologies as a pure domain provider and InterNetX as a one-stop provider of hosting products make an ideal team. By merging the two companies we have created a reseller network with over 10,000 partners who can offer a wide range of innovative hosting products. This puts us into a leading position on the German reselling market.” “With the participation of United Internet we’ve gained a strong partner for the company’s future growth. It will enable us to benefit from the market know-how and international contacts of the United Internet Group and launch our expansion into the European market,” says Thomas Mörz, CEO of InterNetX GmbH. With over 3.3 million customer contracts, United Internet AG is one of Europe’s leading Internet Service Providers (ISP). In its “Product” segment, the Group’s value-added internet services and fast internet connections are directed at private users, small/home offices (SoHos) and small to mid-size enterprises (SMEs). These groups are served by the brands GMX, 1&1 and Schlund+Partner. In addition to its “Product” business, the Group is also engaged in “Outsourcing” (via the brands Schlund Technologies and twenty4help) as well as “Online Marketing” (via the brands AdLINK, Sedo and affilinet). end of message, (c)DGAP 23.12.2004 —————————————————————————— WKN: 508903; ISIN: DE0005089031; Index: TecDAX, NEMAX50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 230815 Dez 04