AvW Management-Beteiligungs AG

AvW acquires shares in the German GFT Group

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companies/avw

Krumpendorf/Wörthersee (euro adhoc) - The Austrian AvW Group has acquired an equity participation of around 4 per cent in the German IT company GFT Technologies AG (GFTG.DE).  "This company has achieved solid growth and is well established internationally, and fits excellently into our strategy," says the Chairman of AvW´s Board of Management, Wolfgang Auer von Welsbach.  The GFT Group has been operating in the IT sector for 20 years and currently employs around 1,100 people at locations in Germany, Brazil, England, France, India, Spain and Switzerland.  The turnover for 2007 is expected to be around 220 million euros, with an EBIT margin of five per cent.

"In acquiring this interest in the GFT Group, we are further expanding our IT equity participations in Germany," says Auer von Welsbach.  "The purchase of further shares is planned."  The AvW Group is a principal shareholder in the following German IT companies, holding the following shares: about 20 per cent in Cancom, about 14 per cent in Realtech, about ten per cent in Nextevolution, and about five per cent in each of D+S Europe and Euromicron.

About Auer von Welsbach Gruppe

AvW Gruppe is an Austrian investment company focusing on small caps in Austria, Germany, Asia and Australia. AvW participating certificates (AVWIga.F, ISIN AT0000703269) of the AvW Group are listed on the Frankfurt Stock Exchange. More information about AvW is available on the Internet at www.avw.eu

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ots Originaltext: AvW Management-Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
AvW Gruppe AG
Mag. Brigitte Burger
Tel.:  04229/3621-24
mailto:b.burger@avw.at

Branche: Economy, Business & Finance
ISIN:      AT0000703269
WKN:        763759
Börsen:  Börse Frankfurt / free trade



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