Grenke AG — M&A Activity 2004

Feb 12, 2004

News Details

Corporate | 12 February 2004 09:01

GRENKELEASING AG: Cooperative sales venture between GRENKELEASING and UBS…

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Cooperative sales venture between GRENKELEASING and UBS LeasingAG in Switzerland Ideal collaboration in the field of “small-ticket” leasing operations between two major leasing companies Baden-Baden, February 12, 2004: GRENKELEASING AG, Basel – a Group member company of GRENKELEASING AG listed on the SDAX – and UBS Leasing AG in Brugg, a wholly owned subsidiary of UBS AG, have entered into a cooperative venture in the “small-ticket” leasing business (up to CHF 50,000). Essentially, within the scope of this cooperative venture UBS Leasing AG will provide prospective leasing clients for small-scale capital goods – notably IT equipment – with an online platform from GRENKELEASING AG. A new cooperation agreement is underway for leasing operations in telecom- munications, copying equipment, medical technology, alarm systems, IT leasing for hardware and software as well as related manufacturer-guaranteed services. For the purpose of online transaction processing, GRENKELEASING provides prospective clients with its software program which allows all-inclusive process-ing from initial leasing enquiries to ultimate conclusion of contracts. Specialist dealers will benefit in particular from this solution. Swift credit rating decisions, simple administrative procedures and speedy disbursements are the key argu-ments in favour of this system. According to Andreas Buri, General Manager of UBS Leasing AG, “for UBS Leasing, this cooperative venture with GRENKELEASING constitutes an ideal complement to the existing capital goods leasing range available.” “We consider our cooperation with UBS Leasing a further key step towards achieving our objective of boosting our small-ticket IT leasing operations further to reach an acquisition value of CHF 50,000. Not only do our cooperation partners benefit from our flexible offers; they are also a considerable boon to their customers”, explains Wolfgang Grenke, Chairman of the Executive Board of GRENKELEASING AG. About UBS Leasing AG: UBS Leasing AG is a wholly owned subsidiary of UBS AG, headquartered in Brugg, with branch offices in Lausanne and Lugano. Its activities include finance leasing and refinancing of capital goods for corporate customers. Information on the range of leasing services is available from www.ubsleasing.ch. About GRENKELEASING AG GRENKELEASING AG, Basel, is a wholly owned subsidiary of the GRENKELEASING Group, Germany’s market leader in the field of small-ticket IT leasing. This covers information technology products such as PCs, notebooks, copiers, printers, or software up to an acquisition value of EUR 25,000 per leased asset. The company, which is headquartered in Baden-Baden, now has 20 branch offices throughout Germany and 15 foreign-based business locations. GRENKELEASING AG has been listed on the German stock exchange in Frankfurt since the year 2000 and currently has a listing on the SDAX. Information on the company and its products is available on the Internet from http://www.grenkeleasing.de. Press Officer GRENKELEASING AG, Neuer Markt 2, 76532 Baden-Baden Renate Hauss Tel: 07221/5007-204 Fax: 07221/5007-112 E-mail: investor@grenkeleasing.de end of message, (c)DGAP 12.02.2004 ——————————————————————————– WKN: 586590; ISIN: DE0005865901; Index: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 120901 Feb 04