United Internet AG

M&A Activity • Jul 27, 2017

News Details

Corporate | 27 July 2017 12:01

United Internet takes over cloud hosting specialist ProfitBricks

DGAP-News: United Internet AG / Key word(s): Takeover

27.07.2017 / 12:01

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

---

Montabaur, July 27, 2017. United Internet AG today reached an agreement with the other shareholders of ProfitBricks GmbH, a technologically leading cloud hosting specialist, regarding the complete acquisition of the company. United Internet has held a stake in ProfitBricks since 2010 (current shareholding 44.42%) and is now acquiring the remaining 55.58% of shares from the other shareholders. The complete takeover will strengthen United Internet’s activities with Business Applications, which are pooled with its subsidiary 1&1 Internet SE – in which Warburg Pincus holds a stake. This will expand 1&1’s leading position in Europe for cloud hosting and enable it to add an innovative enterprise cloud platform to its product range.

Based in Berlin, ProfitBricks was founded in 2010 and employs over 120 people from more than 20 nations. The company is the first and only specialized cloud computing provider of Infrastructure-as-a-Service (IaaS) in Germany and offers professional public and hybrid cloud solutions which comply with the strict German and European data privacy guidelines. ProfitBricks operates four data centers in Frankfurt am Main, Karlsruhe, Las Vegas and New Jersey.

“The products and services of ProfitBricks are an ideal fit for our own product portfolio of cloud solutions and will enable us to attract clients seeking a bespoke and professional cloud infrastructure. I am also delighted to welcome Achim Weiss, a former 1&1 Management Board member, to our management team,” says Ralph Dommermuth, CEO of United Internet.

“We are thrilled to now belong fully to the 1&1 family. During the previous participation period, we already recognized that the two companies complement each other perfectly,” commented Achim Weiss, CEO of ProfitBricks. “By combining the know-how of 1&1 and ProfitBricks, we can enhance our innovative strength and provide even better support for developers and companies wishing to upgrade to professional cloud solutions.”

The share purchase is subject to the usual approval process of the German Federal Cartel Office (“Bundeskartellamt”).

About United Internet

With 17.16 million fee-based customer contracts and 34.56 million ad-financed free accounts (as of March 31, 2017), United Internet AG is Europe’s leading Internet specialist. At the heart of United Internet is a high-performance “Internet Factory” with approx. 8,100 employees, of which around 2,600 are engaged in product management, development and data centers. In addition to the high sales strength of its established brands 1&1, GMX, WEB.DE, Strato, united-domains, Fasthosts, Arsys, home.pl, InterNetX, Sedo, affilinet and 1&1 Versatel, United Internet stands for outstanding operational excellence with around 51 million customer accounts worldwide.

Contact:

Press

United Internet AG

Mathias Brandes

Elgendorfer Straße 57

56410 Montabaur

Tel: 02602/96-1616

Fax: 02602/96-1013

E-Mail: presse@united-internet.de

Internet: www.united-internet.de

---

27.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

---

Language:	English
Company:	United Internet AG
	Elgendorfer Straße 57
	56410 Montabaur
	Germany
Phone:	+49 (0)2602 / 96 – 1100
Fax:	+49 (0)2602 / 96 – 1013
E-mail:	info@united-internet.de
Internet:	www.united-internet.de
ISIN:	DE0005089031
WKN:	508903
Indices:	TecDAX
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service