QSC AG — M&A Activity 2011

May 2, 2011

News Details

Ad-hoc | 2 May 2011 20:11

QSC AG acquires over 58% of the shares of INFO Gesellschaft für Informationssysteme AG and announces tender offer

QSC AG / Key word(s): Acquisition

02.05.2011 20:11

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QSC AG acquires over 58% of the shares of INFO Gesellschaft für
Informationssysteme AG and announces tender offer

Cologne, May 2, 2011. Cologne-based QSC AG (QSC) has today entered into a
purchase agreement with MZ Erste Vermögensverwaltungsgesellschaft mbH, in
Hamburg, a major shareholder of INFO Gesellschaft für Informationssysteme
AG, in Hamburg (INFO AG), to acquire 58.98 percent of the 4,000,000 total
shares issued by INFO AG at a price of EUR 14.35 per share. This means that
MZ Erste Vermögensverwaltungsgesellschaft mbH is thus selling all of the
INFO AG shares it holds.

Execution of the purchase agreement is still subject to anti-trust
approval. QSC will issue a public tender offer for those shares of INFO AG
that are not held by MZ Erste Vermögensverwaltungsgesellschaft mbH.

With the acquisition of INFO AG, QSC will be complementing its existing
portfolio and thus accelerating its transformation from a
telecommunications provider to a provider of ICT services. Following the
acquisition, the QSC Group, with a workforce of nearly 1,300 people, will
be able to offer the full spectrum of ICT services, comprising complete
voice-data communication, Housing, Hosting, IT Outsourcing as well as IT
Consulting.

QSC is financing this acquisition from both liquid assets as well as from
its current free cash flow. Moreover, the company additionally has at its
disposal a credit line in the amount of EUR 50 million, which has not been
fully utilized.

Queries to:
QSC AG
Arne Thull
Investor Relations
Phone: +49 221 6698-724
Fax: +49 221 6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de

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Language: English
Company: QSC AG
Mathias-Brüggen-Straße 55
50829 Köln
Deutschland
Phone: +49-221-6698-724
Fax: +49-221-6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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