M&A Activity • May 28, 2007
M&A Activity
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To be distributed on 25 May 2007 (after closing of Euronext Amsterdam stock exchange)
DOCdata N.V. today announces that the DOCdata e-Solutions Group has increased her interest of 30% in the issued share capital of the Payment-Service-Provider Triple Deal B.V. to 70%. The purchase price of these additional shares, which was fully paid in cash, amounts to € 1.8 million and also contains an earn out, which will materialise in the first half of 2011. An interest of 20% of the issued share capital of Triple Deal is still owned by Conclusion Consultants B.V. in Utrecht and an interest of 10% has been issued in new ordinary shares to Syllion B.V. in Baarn (the Netherlands), which company will also play an important role in the further development of Triple Deal.
DOCdata will also provide additional financing of € 0.9 million to Triple Deal to support the further (international) expansion of the activities, after which DOCdata has provided a shareholder loan of in total € 1.2 million. Furthermore, the shareholders of Triple Deal today reached agreement on the conditions under which Syllion can exit in the future.
The increase of the share interest in Triple Deal results from the strategy 'Vision 2010: Gear to Growth' and is a further step to transform DOCdata from a production-oriented company to an innovative Internet service company. The DOCdata e-Solutions Group now offers a total solution to companies that want to operate on the Internet. These services include amongst others the development and management of web shops and the handling and management of product and payment flows of companies. DOCdata intends to change the name Triple Deal in the course of this year into DOCdata e-Financial Services.
Triple Deal shows a strong growth and realised a turnover of € 1.5 million in 2006. Triple Deal is a company that predominantly provides two kinds of services:
In the second half of this year more information will be given about specific service developments and the synergies with the other e-Solutions of DOCdata. For further information, reference is made to the website of the company: www.tripledeal.com.
Conclusion Consultants is a company that belongs to the Conclusion Group, with 25 specialised subsidiaries active in people business, each responding flexibly to market demand. Conclusion has budgeted a turnover of € 110 million for 2007. Conclusion works on project basis, delivering consultancy services and deploying staff within the following business areas: technology, communication, human capital and organisation. The subsidiaries of Conclusion are active in the following market segments: Social Security and Healthcare, Advanced Government, Finance and Industry. For further information, reference is made to the website of the company: www.conclusion.nl.
Waalwijk, The Netherlands, 25 May 2007 – DOCdata N.V. (Euronext Amsterdam: DOCD)
Further information: DOCdata N.V. M.F.P.M. Alting von Geusau CEO Tel. +31 416 631 100
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