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AvW Management-Beteiligungs AG

AvW acquires shares in the German GFT Group

Krumpendorf/Wörthersee (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/avw
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
end of announcement                               euro adhoc 10.09.2007 08:45:36

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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