Vivanco Gruppe AG

M&A Activity • Jun 1, 2001

News Details

Ad-hoc | 1 June 2001 08:30

Vivanco Gruppe AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– NORD Holding acquires majority in Vivanco Conditions for further growth ideal NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover, has acquired 51.13 % of the share capital of Vivanco Gruppe AG, Ahrensburg. The know-how of the owner-partners has been secured in the long term for the entrepreneurial accompaniment of Vivanco by means of corresponding internal contractual provisions. Former Chairman of the Board of Management, Elard Raben, will switch to the Supervisory Board at the General Meeting as planned. As reported, Vivanco succeeded last year in achieving growth of 33 % and has in the 1st quarter of this year increased its turnover once again by 22 %. The company is a systems suppliers for IT/TC accessory products and one of Europe’s leading providers. For 2003 Vivanco plans turnover of DM 500 million with EBIT at DM 38 million. In addition to acquiring the share package, the new majority shareholder will subscribe to more than 50 % of the jouissance share capital with an intended DM 30 million. This will ensure that, also following the complete conversion of the jouissance share capital into shares, significantly more than 50 % is held by NORD Hold, the owner-partners and the management. NORD Holding Unternehmensbeteiligungsgesellschaft mbH already held an equity stake in the company before it went public. The Managing Director of NORD Holding and the incumbent Chairman of the Supervisory Board of Vivanco Gruppe AG, Matthias Kues, commented on the motives: “Vivanco Gruppe AG will continue to improve on its strong European market position over the coming years. Particularly in view of future growth and profit potential, the shares are very undervalued at the moment.” Ahrensburg, 1. June 2001 end of ad hoc announcement (c) DGAP 01.06.2001 ——————————————————————————– WKN: 760290; Index: SDAX Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart 010830 Jun 01