AMADEUS FIRE AG — M&A Activity 2001

Apr 4, 2001

News Details

Ad-hoc | 4 April 2001 20:55

Ad hoc-Service: Amadeus AG english

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– Amadeus AG expands to England Financial Recruitment Specialist acquired Frankfurt/Main, 04th of April 2001. Amadeus AG Human Resource Services and Solution Provider acquires 100% of Greenwell & Gleeson Limited (G&G) in Birmingham. The cost of the acquisition is based on an earn out agreement and will be between GBP 2,2 Million and GBP 3,6 Million. The sales forecast for fiscal year 2001/2002 is GBP 3,0 Million. The EBIT is expected to result in approx. GBP 600.000, an EBIT margin of 20%. Within a few days Amadeus AG completes a second transaction taking an important step in the direction international human resource services provider. Since seven years G&G Ltd. offers the services Executive Search, Permanent Placement, Interim Management and Temporary Staffing exclusively in the area of finance and accounting. G&G Ltd. is the market leader in the ‘Midlands’. The founders and former owners David Greenwell and Tony Gleeson will remain directors of the company. Amadeus plans to roll out G&G operations to further locations in England and will enlarge its services to international clients. Including the acquisition of G&G Ltd. the fiscal year 2001/2002 sales forecast of the Amadeus Group increases to approx. Euro 74 Million. Contact: Amadeus AG Robert v. Wülfing, Investor Relations Tel: +49 (69) 96876-180 Investor-Relations@AmadeusAG.de Mail Address: Stresemannallee 30; 60596 Frankfurt/M; Germany end of ad hoc announcement, (c) DGAP 04.04.2001 ——————————————————————————– WKN: 509310; Index: SMAX Listed: Amtlich Handel in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 042055 Apr 01