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3U Holding AG — M&A Activity 2011
May 19, 2011
3_rns_2011-05-19_0aff3399-78b6-4e63-a1bc-b4a5e7e3a6eb.html
M&A Activity
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News Details
Ad-hoc | 19 May 2011 15:21
3U HOLDING AG: Sale of Subsidiary LambdaNet
3U HOLDING AG / Key word(s): Disposal/Mergers & Acquisitions
19.05.2011 15:21
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
3U HOLDING AG (ISIN DE0005167902) sold its Subsidiary LambdaNet
Communications AG, Germany including the Austrian and Czech subsidiaries to
euNetworks GmbH, a subsidiary of euNetworks Group Limited. The contract was
signed today. The transaction is expected to be completed in the first half
of 2011.
The purchase price is in the range of the book value of the sold shares. In
addition, euNetworks assumes the liabilities of LambdaNet towards 3U
HOLDING AG. In total 3U HOLDING AG receives liquid funds of approximately
EUR 27 million in this transaction. The liabilities assumed by euNetworks
amount to EUR 7.8 million. The closing of the transaction is scheduled for
May 31, 2011.
LambdaNet accounted for sales of EUR 36.78 million and EBITDA in the amount
of EUR 9.67 million in the fiscal year 2010. For fiscal year 2011 sales of
EUR 37.07 million and EBITDA of EUR 10.14 million are planned.
The sale of LambdaNet does not mean that 3U HOLDING AG renounces its
strategic goal, to offer as many services for the infrastructure of
buildings - such as energy supply from renewable energy, broadband and
telecommunications services - in the future. Instead, LambdaNet has won a
strong partner in euNetworks and will rely on their expanded product and
service portfolio as well. Consequently, LambdaNet's customers are also
among the profiteers of this transaction.
The Management Board will give an updated outlook for the current fiscal
year on May 26, 2011, the date of the next Annual General Meeting.
Information and Explaination of the Issuer to this News:
About LambdaNet Communications Deutschland AG
LambdaNet Communications Deutschland AG is a premier provider of
telecommunication and internet services. Founded in 1999 and headquartered
in Hanover, Germany, LambdaNet was bought by 3U in April 2004. Well-known
customers, namely network operators, internet service providers, industrial
corporations, banks and insurances, service providers and retailers rely on
LambdaNet's services. LambdaNet operates one of the most sophisticated
fibre-optic and IP/MPLS networks in Europe, covering more than 40 cities in
11 countries, including metropolitan networks to 5 major European business
centres. LambdaNet provides global VPN solutions based on a network of
cooperation partners. The company's service portfolio includes
state-of-the-art IP/MPLS data services, high-availability internet
services, integrated voice services, bandwidth transmission services up to
10 Gigabit per second as well as hosting services based on LambdaNet's 25
data centres. LambdaNet's information security management system is
certified according to ISO 27001 since 2007.
About euNetworks Group Limited
euNetworks Group Limited (SGX: H23:SI) is a bandwidth infrastructure
provider, owning and operating 13 fibre based metropolitan networks across
Europe connected with a high capacity intercity backbone. The Company
offers a portfolio of metro and longhaul Ethernet and Internet Protocol
services including dark fibre, dedicated fibre, wavelength, Ethernet, and
Internet. Enterprise and carrier customers benefit from euNetworks' unique
inventory of fibre and duct based assets that are tailored to fulfil their
high bandwidth needs.
euNetworks Group Limited is headquartered in London and publicly listed on
the Singapore Stock Exchange.
Contact:
Peter Alex
Head of Investor Relations
3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: [email protected]
www.3u.net
19.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-1200
Fax: +49 (0)6421/999-1222
E-mail: [email protected]
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service