euro adhoc: D+S europe AG
Mergers - Acquisitions - Takeovers
D+S europe AG:
Major long-term contract and takeover of service centers of Deutsche Telekom
Group
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
25.10.2008
Hamburg, October 25, 2008. D+S europe AG (ISIN: DE0005336804) has successfully consolidated its strategic partnership with Deutsche Telekom Group as customer service provider. Beyond already existing contracts Deutsche Telekom Group has assigned further customer service and expert tasks to D+S europe AG for a minimum period of five years. D+S europe AG will expand its resources by taking over five locations of Deutsche Telekom subsidiary Vivento Customer Services (VCS). Under reserve of approval by the antitrust authority D+S will take over VCS service centers in Berlin, Gera, Göttingen, Leipzig und Rottweil with effect from December 1, 2008. By transfer of undertakings in accordance with §613a German Civil Code more than 550 VCS employees are thus to join TELDAS service center management GmbH, a wholly-owned subsidiary of D+S europe AG. Moreover, D+S europe AG plans to permanently employ about 260 temporary staff from Deutsche Telekom Group within the TELDAS network.
In the course of an asset deal D+S europe AG will take over the assets of the five existing locations of VCS. For a term until 2013 D+S europe AG and Deutsche Telekom Group agreed guaranteed contract volumes as well as financing for the locations taken over. Both positions are expected to add up to a high two-digit million euro sum during the running time, mainly consisting of guaranteed volumes for service center services. In the course of this transaction, which will not lead to a change in expected earnings of D+S europe AG for 2008, and on the basis of the strategic partnership between both parties a guaranteed contract volume for a duration of also five years was agreed for the locations already part of the D+S europe Group before the transaction. After the transfer of business the number of employees of the strongly growing D+S europe AG is expected to increase to more than 7,000 employees at Group level including contract and temporary personnel.
About D+S europe: D+S europe AG is Germany´s largest listed solutions provider for comprehensive e-commerce and customer contact management. Regardless of the communication channel, whether via fixed or mobile network, by Internet, TV or in writing, D+S europe manages the contacts of internationally leading enterprises with millions of private customers. D+S europe operates online shops and their Europe-wide e-commerce business for renowned brand manufacturers. For further information please refer to www.dseurope.ag.
end of announcement euro adhoc
Further inquiry note:
D+S europe AG, Kapstadtring 10, 22297 Hamburg
Director Corporate Communications & Marketing
Thiess Johannssen, Telefon: +49 (0) 40.4114-1400, Telefax: +49 (0) 40.4114-3399
t.johannssen@dseurope.ag
Branche: Advertising
ISIN: DE0005336804
WKN: 533680
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade