Alle Storys
Folgen
Keine Story von Delticom AG mehr verpassen.

Delticom AG

EANS-News: Delticom AG acquires a majority stake in Tyrepac Pte Ltd

Hanover (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Hanover, Germany, 13 December 2010 - Delticom
AG (ISIN DE0005146807, ticker symbol DEX), Europe´s leading online 
tyre retailer, today announced the acquisition of a majority stake in
Singapore-based Tyrepac Pte Ltd, Asia´s First Tyre Portal, for an 
undisclosed amount in cash. The transaction is structured as a 
capital increase at Tyrepac.
Tyrepac provides consumers in Asia a central platform to buy tyres 
online. The webshops allow easy comparison of tyre brands, patterns, 
and prices. In addition, the company operates a growing network of 
service partners who stand ready to fit the tyres. Since its 
foundation in 2008 Tyrepac has expanded into Malaysia, Hong Kong, 
China, and South Korea.
Delticom AG currently operates more than 100 online shops in Europe 
and North America. "The transaction is an important building block in
our long-term Asian strategy", says Rainer Binder, CEO of Delticom. 
Starting from Tyrepac´s credible brand and proven track record, the 
joint venture will help Delticom to reach into new high-growth, 
emerging markets.
"The cash investment into Tyrepac will be used to accelerate sales 
and to fund expansion plans", explains Ler Hwee Tiong, co-founder and
Managing Director of Tyrepac. Support will also come from the strong 
Delticom balance sheet. Tyrepac is expected to benefit from the 
parent company´s operational experience, but will retain its 
localised go-to-market approach. Over the course of the next months 
both teams are going to work closely together to integrate their 
systems and processes.
end of announcement                               euro adhoc

Further inquiry note:

Delticom AG Investor Relations
Melanie Gereke
Brühlstraße 11
30169 Hannover
Tel.: +49 (0)511-936 34-8903
Fax: +49 (0)89-208081147
e-mail: melanie.gereke@delti.com

Branche: Electronic Commerce
ISIN: DE0005146807
WKN: 514680
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Weitere Storys: Delticom AG
Weitere Storys: Delticom AG
  • 13.12.2010 – 07:50

    EANS-Adhoc: Delticom AG acquires a majority stake in Tyrepac Pte Ltd

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Company Information 13.12.2010 Hanover, 13 December 2010 - Delticom AG (German Securities Code 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading Internet tyre retailer, today announced the ...

  • 07.12.2010 – 15:52

    EANS-Adhoc: Delticom AG: Trading Update for FY 2010

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Company Information 07.12.2010 Hanover, 7 December 2010 - Delticom AG (German Securities Code 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading Internet tyre retailer, once again raises its guidance ...

  • 26.11.2010 – 15:47

    EANS-Adhoc: Delticom raises revenues and earnings target for FY 2010

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. 26.11.2010 Hanover, 26 November 2010 - Delticom AG (German Securities Code 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading Internet tyre ...