EANS-Adhoc: AvW Invest AG
AvW Invest AG further increases portfolio of
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
- Entry into the German Pironet AG with a shareholding of around 1 percent - Clear focus on IT companies
AvW Invest AG, which is listed in the Standard Market Auction of the Vienna Stock Exchange, continues to consistently expand its portfolio of shareholdings. Thus in recent weeks it has acquired a share of approximately one percent in the German IT company Pironet NDH AG (PNGG.DE). AvW Invest AG has also made an entry into the German IT company SQS Software Quality Syst. AG (SQSGn.F).
"We see this entry into Pironet as the first step, and are planning further acquisitions here. In line with our strategy the focus is on the IT sector. Our objective is unchanged, and lies in the step-by-step expansion of our portfolio of shareholdings", explains Wolfgang Auer-Welsbach, Chairman of the Management Board of AvW Invest.
Prior to the entry it has now made into Pironet AG, AvW Invest AG increased its interest in the German IT company GFT Technologies AG (GFTG.DE) to more than 5 percent. In addition, its initial entry into the German IT company Group Business Software AG (INWG.DE) also took place, with around one percent. AvW Invest holds around 16 percent of the shares in the German IT specialist Realtech AG (RTCG.DE) and around 21 percent of the Austrian IT company S&T AG (SNTS.VI).
"There are still companies which are very favourably valued, display strong growth and offer potential for future takeovers. It is precisely in this area that we are active," continues Mr. Auer-Welsbach.
Pironet NDH AG, which was founded in 1995, provides innovative solutions for the creation, synchronisation and distribution of digital contents of all kinds, as well as for the optimisation of internal and external business processes. The listed technology company with its head office in Cologne employs more than 450 staff at several sites in Europe.
The SQS Group was founded in Cologne in 1982 and is the largest independent supplier of software testing and quality management services. SQS employs around 1,450 staff worldwide and posted sales of EUR 143 million in 2008.
About AvW Invest AG:
AvW Invest AG (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS), which is domiciled in Krumpendorf at Lake Wörthersee, is active in two core business areas: equity investments and real estate. AvW´s shares are listed in the Standard Market Auction segment of the Vienna Stock Exchange.
Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Branche: Financial & Business Services
Index: Standard Market Auction
Börsen: Frankfurt / free trade
Stuttgart / free trade
Wien / official dealing