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Gigaset AG

M&A Activity Oct 2, 2007

183_rns_2007-10-02_ef530690-56d8-4bf0-b29c-0b7ff18a0d84.html

M&A Activity

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News Details

Corporate | 2 October 2007 10:00

ARQUES successfully completes takeover of Actebis

ARQUES Industries AG / Acquisition

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.


ARQUES successfully completes takeover of Actebis
• Annualised group revenues at EUR 4 billion
• Actebis: Business development exceeds plans

Starnberg, October 2, 2007 - The Starnberg-based equity investment company,
ARQUES Industries AG (ISIN DE0005156004), has successfully completed the
takeover of the IT distributor, Actebis, Soest. After the authorisation of
the transaction by the European cartel authorities, the contract was closed
with effect September 28, 2007. Thus the first-time consolidation of the
Actebis group within ARQUES takes place in the third quarter.

The local companies of the IT distributor, Actebis, in Germany, France,
Austria and the Netherlands which were taken over from the Otto Group,
generated revenues of approximately EUR 2.5 billion in 2006. Actebis ranks
third in IT wholesale in Central Europe and sells information technology
products, mobility and consumer electronics. The course of business of the
group of companies at which capital market structures are presently being
installed, is developing substantially better than budgeted.

'The IT distributor, Actebis, is set up outstandingly; this applies both to
the positioning on the market as well as to the personnel and operational
structure. This is evident from the current business development which
substantially exceeds plans', said Markus Zöllner, ARQUES chief operations
officer.

Actebis Manager Klaus Hellmich will become the new CEO of the company. The
management team will be completed by Dr. Ralf Retzko as CFO, as well as
Bärbel Schmidt and Ivan Renaudin who will manage the various local
companies of the Actebis Group.

'In Actebis ARQUES has taken over a healthy company from the Otto Group. We
are confident that ARQUES will actively promote the development of Actebis
thereby securing jobs. ARQUES offers the Actebis group very good future
prospects', said Jürgen Schulte-Laggenbeck, chief financial officer of the
Otto Group.

With the acquisitions, the largest in the company history of ARQUES
Industries AG, ARQUES has taken over companies with a sales volume of
substantially more than EUR 3 billion in the current financial year. The
annualised ARQUES group revenues currently stand at EUR 4 billion.

About ARQUES

ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround
specialist who focuses on the acquisition and the active restructuring of
companies in transitional situations, in order to develop these, with its
own team and own resources, to competitive enterprises with a positive
yield. ARQUES revitalises its subsidiaries' potential for creating value
for the benefit of all its stakeholders, taking on the relevant social
responsibility. ARQUES has made a duty of identifying underestimated
companies with reduced survivability but with high appreciation potential,
at the same time mastering complex company structures and transitional
situations. The shares of ARQUES Industries AG are traded in the regulated
market (Prime Standard) of the Frankfurt Stock Exchange under the symbol
'AQU' (ISIN: DE0005156004) and are listed in the MDAX since October 1,
2007.

ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: [email protected]

Public Relations
Christian Schneider
Email: [email protected]

Tel.: +49 (0) 8151/ 651 0

02.10.2007 Financial News transmitted by DGAP

Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: [email protected]
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: MDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart

End of News DGAP News-Service


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