windeln.de SE — M&A Activity 2015

Aug 10, 2015

News Details

Ad-hoc | 10 August 2015 23:20

windeln.de AG: windeln.de takes over Spanish online shop ‘bebitus’

windeln.de AG / Key word(s): Acquisition/Expansion

10.08.2015 23:20

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windeln.de takes over Spanish online shop "bebitus"

Through the acquisition, windeln.de enters the Spanish, Portuguese and
French Market

Munich, 10 August 2015. Windeln.de AG, one of the leading online retailers
for baby and children products in Germany, Austria, Switzerland, Italy, the
Czech Republic, Slovakia and Poland as well as for customers in China
concluded an agreement regarding the full acquisition of Bebitus Retail S.L
("bebitus") today.

Bebitus is a fast growing online retailer for baby and toddler products
based in Barcelona. Customers in Spain, France and Portugal are served via
the websites of bebitus. In 2014, bebitus generated revenues of
approximately 7 million EUR - mostly in Spain. For 2015, revenues of
approximately 15 million EUR are expected.

The cash purchase price to be paid to the shareholders of bebitus at
closing of the transaction amounts to approximately 5 million EUR. In
addition, the parties agreed to make additional performance-based purchase
price payments which are subject to bebitus reaching certain revenue
targets each year until 2017. For example, if bebitus' revenues increased
annually by 75% until 2017, the total purchase price would be approximately
0.8x of 2017 revenue. The majority of the performance-based purchase price
will be paid by issuing new shares out of windeln.de's authorized capital.

The acquisition is subject to customary closing conditions. It does not
require the approval from regulatory or antitrust authorities.

Press contact
Amelie Heinz
Phone: +49 (89) 41 61 71 52 75
E-Mail: presse@windeln.de

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Language: English
Company: windeln.de AG
Hofmannstr.51
81379 Munich
Germany
Phone: 089 / 416 17 15-0
Fax: 089 / 416 17 15-11
E-mail: investor.relations@windeln.de
Internet: www.windeln.de
ISIN: DE000WNDL110
WKN: WNDL11
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange

End of Announcement DGAP News-Service

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