Mountain Alliance AG

M&A Activity • Dec 16, 2022

News Details

Corporate | 16 December 2022 10:00

Mountain Alliance AG: volders acquires 100% stake in Verivox subsidiary Aboalarm

EQS-News: Mountain Alliance AG / Key word(s): Investment/Takeover

Mountain Alliance AG: volders acquires 100% stake in Verivox subsidiary Aboalarm

16.12.2022 / 10:00 CET/CEST

The issuer is solely responsible for the content of this announcement.

Mountain Alliance AG: volders acquires 100% stake in Verivox subsidiary Aboalarm

Munich, 16 December 2022 – volders GmbH, an investment of Mountain Alliance AG (MA, ISIN DE000A12UK08), has fully taken over its competitor Aboalarm GmbH from the comparison portal Verivox. The merger of the two leading online platforms creates a new German market leader for contract management and cancellation.

Aboalarm was founded in 2008 and, along with volders, is a leading online platform for contract management and cancellation for contracts in areas such as the Internet, mobile communications, insurance, or streaming with activities in Germany, Austria, and Switzerland. Previously, Aboalarm GmbH was a subsidiary of Verivox GmbH and thus part of the digital division of ProSiebenSat.1 Media SE. Mountain Alliance AG holds a >13% stake in volders GmbH.

Together, the two fintechs have successfully processed notices from more than ten million customers to date and send out more than 110,000 notices per month for users on both online platforms. volders and Aboalarm generate combined annual revenues in the double-digit million euro range and generate positive EBITDA on a monthly basis.

volders underlines its major growth ambitions with the acquisition of Aboalarm. Due to the achieved size and reach of the combined platforms, the acquisition is on the one hand conducive to growth and on the other hand offers high synergy potentials through the combination of technologies, the joint marketing of the three brands volders ( volders.de ), Aboalarm ( aboalarm.de ) and Finlytics ( finlytics.de ) as well as joint product development.

Manfred Danner, CEO of Mountain Alliance AG, comments: “With the acquisition of Aboalarm, our investment volders becomes the German market leader for digital contract and cancellation management. We see new growth potential through the combination of the two leading online platforms and look forward to supporting our investment volders in exploiting this potential and continuing to accompany it successfully.”

About Mountain Alliance AG:

Mountain Alliance AG (ISIN: DE000A12UK08) is an operative investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent, and experienced investor, the company is dedicated to the industry of the future, in which it has many years of know-how and an excellent network: the digital business. Mountain Alliance AG currently holds portfolio companies in four segments: Technology, Digital Retail, Digital Business Services, and Meta-Platforms & Media. Through its listing, Mountain Alliance enables its shareholders simple access to a diversified portfolio of digital and technology-based assets.

Contact:

Mountain Alliance AG

Manfred Danner

Board of Directors

Theresienstr. 40

80333 Munich

phone: +49 89 2314141 00

fax: +49 89 2314141 11

e-mail: danner@mountain-alliance.de

www.mountain-alliance.de

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Investor Relations

Bahnhofstr. 98

82166 Graefelfing/Munich

phone: +49 89 1250903-30

e-mail: sh@crossalliance.de

www.crossalliance.de

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16.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Mountain Alliance AG
	Theresienstraße 40
	80333 München
	Germany
Phone:	+49 89 231 41 41 00
Fax:	+49 89 231 41 41 11
E-mail:	danner@mountain-alliance.de
Internet:	www.mountain-alliance.de
ISIN:	DE000A12UK08
WKN:	A12UK0
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID:	1514473

End of News	EQS News Service