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JDC Group AG

M&A Activity Dec 4, 2009

4522_rns_2009-12-04_0a070e59-29fb-4528-b703-6f843c1473a6.html

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News Details

Corporate | 4 December 2009 08:00

ARAGON AG: Aragon acquires majority stake in inpunkto GmbH – One of the leading specialist health insurance distributors created

ARAGON AG / Miscellaneous

04.12.2009

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


  • Aragon acquires majority stake in inpunkto GmbH

  • One of the leading specialist health insurance distributors created

  • MEG transaction successfully recapitalized

Aragon AG, one of the leading financial services companies in the
German-speaking markets, has increased its stake in inpunkto GmbH, a
successful specialist distributor of health insurance products, from 25.1
to 70.0 percent.

Mönchengladbach-based inpunkto GmbH is a specialist distributor focused on
delivering private health insurance brokering and consulting services for
consumers (B2C) and full-service financial sales companies (B2B). Since
being established in 2008, inpunkto has built up a network of regional
offices across Germany, currently numbering 14, with a total of 130
specialist consultants.

inpunkto also has what is known as a 'partial liability umbrella' that
enables consultants to act as insurance brokers in conformity with the
Insurance Mediation Directive while still undergoing training to become
IHK-registered brokers.

One of the leading specialist health insurance distributors created

inpunkto will close the fiscal year 2009 in the black with revenue of some
EUR 6 million and growth in sales of over 100%. With more than 200 brokers
and profitable revenue of about EUR 20 million in 2010, inpunkto will, from
a standing start, become the number 2 German specialist health insurance
distributor following the insolvency of MEG AG. Its objectives for 2010 are
to expand the network of regional offices to deliver comprehensive
nationwide coverage and to establish the inpunkto brand on the market.

MEG transaction successfully recapitalized

The shares were acquired by way of a combined cash/non-cash contribution
that included the assets acquired through the MEG transaction. inpunkto
will be fully consolidated into the group from 01.12.2009.

'We are delighted with the transaction, firstly because inpunkto is one of
the few growing distributors on the market at the moment and, secondly,
because we have been able to recapitalize our investment in MEG AG, despite
its insolvency, to bring in a profit for Aragon AG. That makes the MEG
transaction a financial success for Aragon', explained Wulf Schütz, a
member of Aragon AG's Management Board. 'With this further milestone and
our other activities in 2009, our revenue next year will move beyond the
EUR 100 million mark.'

About Aragon AG

Aragon AG is a broadly diversified financial services company with Broker
Pools, Financial Consulting, Institutional Sales and Holding divisions.
Aragon is active in the marketplace with multiple independent subsidiaries.
The company's aim is to integrate various distribution models under one
roof without disturbing the individual identity of each sales company. The
result is a wide diversification across various asset classes and
distribution types, which generates a high stability in corporate earnings.
Further information about the company and its subsidiaries can be found at
www.aragon.ag.

About inpunkto GmbH

Mönchengladbach-based inpunkto GmbH is one of Germany's leading specialist
distributors focusing on delivering private health insurance brokering and
consulting services for consumers (B2C) and full-service financial sales
companies (B2B). The company has a network of regional offices across
Germany, currently numbering 14, with about 130 specialist consultants.
inpunkto also has a partial liability umbrella that enables consultants to
act as insurance brokers in conformity with the Insurance Mediation
Directive while still undergoing training to become IHK-registered brokers.
Further information about the company can be found at www.inpunkto-gmbh.de.

Contact:
Aragon Aktiengesellschaft

Ralf Funke
Investor Relations
Tel.: +49(0)611 890 575-0
Fax: +49(0)611 890 575-99
E-Mail: [email protected]

04.12.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de


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