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Syzygy AG
M&A Activity • Sep 25, 2017
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M&A Activity
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News Details
Ad-hoc | 25 September 2017 13:35
SYZYGY AG: SYZYGY taking a 70 per cent stake in diffferent GmbH
SYZYGY AG / Key word(s): Investment
25-Sep-2017 / 13:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The SYZYGY Group has acquired 70 per cent of the shares in strategy consulting firm diffferent GmbH as part of a capital increase.
diffferent provides support for its clients around brand positioning, the development of innovative service and business models and in relation to digital transformation.
Established in 1997, the service provider generates sales of around EUR 9.5 million and has some 90 employees at its locations in Berlin and Munich. Clients include the Volkswagen Group, Deutsche Telekom, Porsche, MTU, EnBW and IKEA.
This transaction forms part of the SYZYGY Group’s ongoing growth strategy in its core German market. The purpose of the acquisition is to achieve a significant expansion and development of the Group’s consulting and strategy capabilities.
Contact:
Erwin Greiner
Chief Financial Officer
25-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | SYZYGY AG |
| Horexstraße 28 | |
| 61352 Bad Homburg v.d.H. | |
| Germany | |
| Phone: | 06172 9488100 |
| E-mail: | [email protected] |
| Internet: | www.syzygy.net |
| ISIN: | DE0005104806 |
| WKN: | 510480 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |