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DGAP-Ad-hoc: CENIT AG / Key word(s):
Takeover/Investment
CENIT AG acquires majority stake in ISR
Information Products AG
03-Apr-2022 / 17:13 CET/CEST
Disclosure of an inside information acc. to
Article 17 MAR of the Regulation (EU) No 596/2014,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the
content of this announcement.
CENIT AG acquires
majority stake in ISR Information Products AG
Stuttgart, April 03, 2022 - CENIT
Aktiengesellschaft (ISIN: DE0005407100) today signed
a purchase agreement for the acquisition of 74.9% of
the shares in ISR Information Products AG. By this
deal both companies intend to combine their
competencies in the field of document logistics and
information management.
CENIT is going to finance the purchase price of
about EUR 28 million partly from existing liquid
funds and partly through bank loans. For the
remaining 25.1% shares, CENIT had insured a call
option as well as preferential purchase rights, and
the sellers will be granted put options. The purchase
of the shares is subject to reservation of the
approval by the Federal Cartel Office.
ISR Information Products AG, headquartered in
Braunschweig, offers software products and
IT solutions in the areas of analytics,
process digitalization and application management.
ISR is present in Germany with six locations, 200
employees and, according to preliminary figures,
generated revenues of EUR 22.8 million and EBIT of
EUR 3.2 million in the fiscal year 2021. ISR will
keep its company name with the addition "a CENIT
company".
As a result of the acquisition, CENIT is raising
its guidance significantly and now expects sales of
approx. EUR 170 million for the 2022 fiscal year with
an estimated EBIT of approx. EUR 9 million.
Contact:
CENIT AG
Tanja Marinovic
Investor Relations
Industriestrasse 52-54
D-70565 Stuttgart
Phone:+49 711 78 25-33 20
Fax:+49 711 78 25 44-43 20
E-Mail: aktie@cenit.de
03-Apr-2022 CET/CEST The DGAP Distribution
Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: |
English |
| Company: |
CENIT AG |
|
Industriestraße
52 - 54 |
|
70565 Stuttgart |
|
Germany |
| Phone: |
+49 (0)711 78 25 -
30 |
| Fax: |
+49 (0)711 78 25 -
4000 |
| E-mail: |
aktie@cenit.de |
| Internet: |
www.cenit.com |
| ISIN: |
DE0005407100 |
| WKN: |
540710 |
| Listed: |
Regulated Market in
Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate
Exchange |
| EQS News ID: |
1318695 |
|
|
| End of
Announcement |
DGAP News
Service |
1318695 03-Apr-2022 CET/CEST |