Corporate | 26 October 2005 08:00
ARQUES acquires 77,98% of stock exchange listed tiscon AG Infosystems
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ARQUES acquires 77,98% of stock exchange listed tiscon AG Infosystems
Third stock exchange listed subsidiary in the ARQUES Group
Starnberg, October 26, 2005 – With immediate effect the Starnberg-based equity
investment company, ARQUES Industries AG (ISIN DE0005156004), takes over
77,98% of tiscon AG Infosystems, Neu-Ulm (ISIN DE0007458804), listed in the
regulated market (General Standard). The seller is cellent AG, Stuttgart, a
subsidiary of the Landesbank Baden-Württemberg. tiscon was acquired according
to the ARQUES philosophy.
tiscon AG Infosystems is a full service provider for business process
management solutions. The service focus lies in process orientated solutions,
from analysis and consultation to implementation and maintenance. In the
financial year 2004, tiscon attained an annual deficit of EURO -1.3 million
with a consolidated revenue of EURO 8.2 million. ARQUES is confident that the
company can be guided operationally back into the profit zone in 2006. The
existing activities will be continued selectively according to market
prospects.
tiscon was acquired according to the ARQUES business philosophy, free of bank
obligations and other financial commitments. The company possesses enough cash
to finance medium-term development from its own means. Markus Zöllner, COO of
ARQUES Industries AG as well as Dr. Peter Fischer, Director of ARQUES
Industries AG, were appointed to the executive board.
ARQUES will make the remaining shareholders an obligatory public offer for the
acquisition of all tiscon AG shares according to the regulations of the
German security acquisition and takeover law (“WpÜG”). ARQUES, however,
already expects that only a few shareholders will accept this offer, since the
offer will depend on the share price in the past (share price average over 3
months).
About ARQUES
ARQUES Industries AG, Starnberg, is a turnaround specialist who focuses on the
acquisition and the active restructuring of companies in transitional
situations, in order to develop these, with its own team and own resources, to
competitive enterprises with a positive yield. ARQUES revitalises its
subsidiaries’ potential for creating value for the benefit of all its
stakeholders, taking on the relevant social responsibility. ARQUES has made a
duty of identifying underestimated companies with reduced survivability but
with high appreciation potential, at the same time mastering complex company
structures and transitional situations. The shares of ARQUES Industries AG are
traded in the regulated market (Prime Standard) of the Frankfurt Stock
Exchange under the symbol “AQU” (ISIN: DE0005156004) and are listed in the
SDAX since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations &
Corporate Communicaiton
Anke Lüdemann
Tel.: +49 (0) 8151/ 651 0
Email: luedemann@arques.de
DenkLeistung Kommunikationsmanagement
Monika Schlesinger
Tel.: +49 (0) 8141/ 53 97 02
Email: Monika.Schlesinger@t-online.de
End of announcement (c)DGAP 26.10.2005
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WKN: 515600 ; ISIN: DE0005156004; Index: SDAX
Listed: Geregelter Markt (Prime Standard) in Frankfurt; Freiverkehr in Berlin-
Bremen, München und Stuttgart
260800 Okt 05