Ad-hoc | 22 May 2000 18:42
Ad hoc-Service: DCI AG
DCI AG to acquire ace-
Ad-hoc announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————
DCI AG to acquire its British competitor, ace-quote.com Ltd.
E-commerce portal expands into Great Britain
STARNBERG, Germany – 22 May 2000. The Executive Board of DCI
Database for Commerce and Industry AG, Germany’s leading online
trading platform for IT/telecom products, today announced the
acquisition of the British e-commerce company, ace-quote.com
Limited. The acquisition has already been backed by the DCI AG
Supervisory Board and will give DCI AG access to the second-
largest e-commerce market in Europe. The move is part of DCI
AG’s strategic internationalisation drive. Based in
Cardiff/Wales, ace-quote.com operates the largest IT/telecom
trading platform in Great Britain, acting in the same way as
DCI AG as a broker between supply and demand in the B2B sector.
The acquisition will be partly financed through DCI AG shares
on the basis of a share capital increase yet to be finalised.
It is anticipated that all formalities, approval at the AGM
included, will be completed and the take-over effective by the
middle of August.
The new DCI AG subsidiary will continue to operate under its
current name to capitalise on the reputation and visibility of
ace-quote.com in Great Britain. Gary Munz, founder and Managing
Director of ace-quote, will continue to manage the 35-member
ace-quote team.
ace-quote.com entered the e-commerce market in June 1999. It
rapidly established itself as the leading B2B online platform
for buyers and sellers of IT/telecom products in GB by
leveraging a business model similar to that developed by DCI
AG.
For more information on DCI AG:
DCI Database for Commerce and Industry AG
Public and Investor Relations
Eva Weber
Enzianstr. 6
82319 Starnberg
Germany
Telephone+49 / 81 51/2 65-3 63
Fax +49 / 81 51/2 65-5 01
E-mail presse@dci.de; investorrelations@dci.de
Internet: www.dci.de or www.webtradecenter.de
End of Message