GFT Technologies SE — M&A Activity 2001

Jul 2, 2001

News Details

Ad-hoc | 2 July 2001 06:59

GFT Technologies AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GFT Technologies AG, Deutsche Bank AG and Emagine join forces to form one of Europe’s leading providers of integrated IT solutions Frankfurt/St. Georgen, 2 July 2001 – GFT Technologies AG (‘GFT’) and Deutsche Bank AG (‘Deutsche Bank’) announced today that they have reached agreement to combine GFT and Emagine to form a unique provider of integrated IT solutions in Europe. Deutsche Bank is contributing Emagine, its subsidiaries for integrated IT solutions, into GFT and in return becoming a 25 per cent shareholder of the enlarged group, strengthening the parties’ existing commercial relationship and underpinning their future strategic partnership. The combined company will employ over 1,500 professionals and have estimated pro forma 2001 revenues of EUR 175 million. Completion of the transaction is subject to the prior approval by the competent merger control authorities. Details of the transaction will be given by the companies during a press conference on Tuesday, 3 July 2001, at 11:00h. Place: Deutsche Bank AG, Taunusanlage 12, D-60325 Frankfurt and during a conference call to GFT analysts on Tuesday, 3 July 2001, at 14:00h. Contact: Sandra Strüwing Director Corporate Communications/Investor Relations GFT Technologies AG, Leopoldstrasse 1, D-78112 St. Georgen Phone.: +49-7724-9411-423 Fax.: +49-7724-9411-883 Mobile: +49-171-8647283 e-Mail: sandra.struewing@gft.com end of ad hoc announcement (c) DGAP 02.07.2001 ——————————————————————————– WKN: 580060; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 020659 Jul 01