Deutsche Telekom AG — M&A Activity 2000

Mar 27, 2000

News Details

Ad-hoc | 27 March 2000 12:51

Ad hoc-Service: Deutsche Telekom AG englisch

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— Deutsche Telekom Ad-hoc release in accordance with paragraph 15 of the Security Trading Act Bonn, March 27, 2000 Deutsche Telekom acquires majority stake in debis Systemhaus Deutsche Telekom AG and DaimlerChrysler AG are entering into a strategic partnership in the field of information technology. As such, Deutsche Telekom will hold 50.1 percent and thus the management control of debis Systemhaus GmbH from DaimlerChrysler. This transaction is still subject to the approval of the cartel authorities and the DaimlerChrysler Supervisory Board. “This shareholding in debis Systemhaus is a major step for us toward becoming a global telematics service provider. This acquisition will make Deutsche Telekom the second largest systems company in Europe, generating considerable synergies in our home market”, said the Chairman of the Board of Management, Dr. Ron Sommer. In addition, debis has a worldwide data network. This will make a major contribution to accelerating and reducing the cost of the expansion of Deutsche Telekom’s global networks. Deutsche Telekom has defined systems business as one of its four strategic growth areas, along with mobile communications, online and network access. To date, Deutsche Telekom has been particularly active in this field with DeTeSystem. The acquisition of debis Systemhaus will provide additional growth and synergy potential for the Deutsche Telekom Group. Ende der Mitteilung