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M&A Activity • Sep 11, 2001

News Details

Ad-hoc | 11 September 2001 12:59

BOV AG

Ad-hoc-Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ——————————————————————————– BOV AG resolves an exclusive technology alliance with IdentCo. AG Strong demand from IdentCo. Clients for BOV’s Web-based B2B platform leads to advances in technology for IdentCo.+++ BOV acquires a five percent stake in IdentCo. +++ The Web-based B2B platform BOV has developed for the first German Internet provider of car parts and auto accessories has been so well received by workshops that both the transactions handled through this trading platform and the sales figures of IdentCo. have multiplied considerably in a very short space of time. For this reason, both partners have agreed to continue the successful cooperation to date in the form of an exclusive technology alliance initially agreed for a period of three years. The goal of the cooperation is to coordinate technological advances to the electronic trading platform to meet the expected future growth and to further expand the current premier position in the B2B market for trading in car parts. According to estimates by the German Auto Industry Federation, this market will achieve sales of some Euro 10 billion p.a. in coming years in Germany alone. Moreover, Essen-based provider of e-services has acquired a five-percent stake in IdentCo. Autoteile AG. BOV has contributed a total of Euro 0.501 million to IdentCo.’s capital reserve and in return has received 10,226 new unit registered shares with an arithmetic value of Euro 1.00 each. Moreover, Prof. Peter Bienert, Management Board member of BOV AG, has with immediate effect been appointed a member of the IdentCo. AG Supervisory Board. Ende der Ad-hoc-Mitteilung (c)DGAP 11.09.2001 ——————————————————————————– WKN: 549 370; Index: Notiert: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München , Stuttgart, Hannover 111259 Sep 01