Korsair Holdings AG

DGAP-News: Korsair Holdings AG Enters Into Acquisition Agreement With Fiber Communications International, a Stockholm Sweden Based Company

Korsair Holdings AG  / Key word(s): Mergers & Acquisitions

03.06.2013 20:05

BERLIN -- (Marketwired) -- 06/03/13 --   Korsair Holdings AG (BERLIN:
NOM), announces that it has entered into an agreement to acquire 100%
of Fiber Communications International, a Stockholm, Sweden based
company that is negotiating communication and solar power projects in
Africa. The acquisition will not include cash payment and is subject
to due diligence and Korsair's board approval. Fiber Communication's
management will continue to manage the company as a subsidiary of

According to Anders Ericsson, Korsair Holdings Chairman: 'We are very
pleased to be able to add Fiber Communications and their expertise to
Korsair Holdings. Fiber Comm has tremendous contacts in Africa and we
believe that their current negotiations will result in securing
several initial projects in communication and energy fields, where
Korsair has significant product offerings.'

About Korsair Holdings AG
 Korsair Holdings AG is a technology
holding company with a focus on environmental and technical
infrastructure projects related to renewable energy and clean
technologies. By combining environmental innovations with creative
management and proven industrial leadership, Korsair Holdings AG
strives to stay in the forefront of the clean technologies business.

Disclaimer; Forward-Looking Statements:
 This or any other statement
from KORSAIR HOLDINGS AG contains forward-looking statements that are
based on assumptions and estimations of KORSAIR HOLDINGS AG. Words
such as 'estimate,' 'expect', 'plan,' 'project' and 'will' and
similar expressions identify such forward-looking statements. The
actual results may differ substantially from such assumptions and
estimations caused by various factors. These forward-looking
statements speak only as of their dates and have been reasonable at
that time. KORSAIR HOLDINGS AG undertakes no obligation to publicly
update or revise any forward-looking statements. This or any other
statement from KORSAIR HOLDINGS AG does not constitute an offer or a
solicitation of an offer for the purchase or sale or subscription of
any securities of Korsair Holdings AG in Germany, Switzerland or any
other country. This statement constitutes pure information about the
company. Each and any investment into securities, particularly into
shares of young companies like KORSAIR HOLINGS AG, bears high risks
including a total loss of the invested amount. Potential investors
generally should consult a qualified advisor before taking any
investment decision at all.

News Source: Marketwire

03.06.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.


Language:     English
Company:      Korsair Holdings AG

ISIN:         CH0042232998

End of Announcement                             DGAP News-Service



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