Corporate | 28 April 2009 16:33
Mutares AG / Acquisition/Mergers & Acquisitions Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- mutares AG, Munich, acquired on April 24, 2009, all shares of SHH GmbH SystemHaus Hemminger, a leading provider of geographical information systems for utility suppliers and big enterprises. Sellers are Stadtwerke Leipzig, founder and previous CEO Eberhardt Hemminger, as well as the regional utility suppliers Mark-E AG and Lister- und Lennekraftwerke GmbH. SHH, based in Esslingen/ Neckar (Germany) provides software development and consulting services and has branch offices in Berlin, Bochum, and Leipzig and a subsidiary in Wroclaw (Poland). SHH offers solutions to enable utility suppliers to cut cost and increase effectiveness as well as efficiency of their network and asset management, using standard software components and innovative technology. The company provides their customers with integrated services as well as a wide portfolio of software products including customizing projects. Dr. Axel Geuer, member of the mutares executive board is optimistic about the company's future. 'With their holistic approach in services, a focused process view and strong project management skills, SHH is well positioned for the future and will further expand its strong market position.' Michael Ohr, director of portfolio development and expert for enterprise software at mutares, added 'The market of geographical information systems has a clear growth perspective. We are confident that we will be able to benefit from this trend and are considering expanding our product offering into related industries.' mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2). For further information, we gladly receive your request at: mutares AG Susanne Staudt Investor Relations & Corporate Communications Tel: +49 (0)89 9292776-0 Fax: +49 (0)89 9292776-22 info@mutares.de 28.04.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------