CANCOM SE — M&A Activity 2011

Apr 1, 2011

News Details

Media | 1 April 2011 10:37

Pironet NDH AG: PIRONET NDH has sold agentes AG

Pironet NDH AG / Key word(s): Enterprise/

01.04.2011 / 10:37

Press Release

PIRONET NDH has sold agentes AG

Cologne, 1 April 2011 – In the wake of its announced strategic measures to enhance the income and accordingly to secure the liquidity situation as the ad hoc release from March 25 th proffered the possibility PIRONET NDH Group sold the agentes AG within an asset deal successfully. Purchaser of the entire business operations of agentes AG is the current management.

The company which is specialized in IT services for the financial sector and which effectuated significant operating losses was sold for a purchase price of 1 EUR plus an earn-out in dependence of a 3-year EBIT – which will have an effect in 2012 after the end of the current corporate restructuring. In this context the PIRONET NDH Group grants liquidity assistance supporting the business continuation. Until its sale agentes AG was an essential part of the segment Finance IT Services, which will be accounted for as discontinued operations at the end of fiscal year 2010.

The Management Board

About Pironet NDH

PIRONET NDH AG offers the market a unique portfolio of solutions for handling digital content and data. This includes consultancy, software, integration and outsourcing services. PIRONET NDH AG is a corporate group that brings together four companies specializing in the different business areas ICT outsourcing, consulting and design, content management solutions as well as IT-solutions for the retail/CPG industry. PIRONET NDH AG was founded in 1995 and is based in Cologne. Since 2000, it has been listed on the German stock exchange. The Group of companies employs more than 400 people working in 20 different countries and posted sales figures of around 55 million euros in the last financial year (2010).

Contact

PIRONET NDH

Investor Relations

Von-der-Wettern-Straße 27

D-51149 Cologne

Phone: +49.2203.935 30-3951

Fax: +49.2203.935 30-3959

e-mail: ir@pironet-ndh.com

End of Media Release

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Language:	English
Company:	Pironet NDH AG
	Von-der-Wettern Str. 27
	51149 Köln
	Deutschland
Phone:	+49 (0)220 393530 – 3951
Fax:	+49 (0)220 393530 – 3959
E-mail:	ir@pironet-ndh.com
Internet:	www.pironet-ndh.com
ISIN:	DE0006916406
WKN:	691640
Listed:	Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of News	DGAP-Media

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118069  01.04.2011