GBS Software AG — M&A Activity 2003

Nov 18, 2003

News Details

Ad-hoc | 18 November 2003 18:11

GlobalWare AG sells GEDYS IntraWare GmbH to GAP AG

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GlobalWare AG sells GEDYS IntraWare GmbH to GAP AG Eisenach, November 18, 2003 – The technology company GlobalWare AG sold its wholly owned subsidiary, GEDYS IntraWare GmbH, specializing in Notes, to GAP AG for GSM Applications and Products located in Oberhaching which was acquired by GlobalWare AG in the beginning of September. The purchase price is based on a valuation determined by an independent, international accounting company. GAP AG will pay a total of 7 million Euro for the purchase. GEDYS IntraWare GmbH, now a subsidiary of GAP AG, will remain a part of the GlobalWare Group. contact: GlobalWare AG, Kirstin Fischer, Hospitalstraße 6, D-99817 Eisenach, Tel. +49-3691-204-556, Fax: +49-661-9642-99-619, kfischer@globalware.ag, http://www.globalware.ag end of ad-hoc-announcement (c)DGAP 18.11.2003 ——————————————————————————– WKN: 510450; ISIN: DE0005104509; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 181811 Nov 03