EANS-News: freenet AG
freenet AG acquires another sales company
20.02.2013 – 17:13
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers Büdelsdorf (euro adhoc) - freenet AG acquires another sales company - Continuation of the company's strategic portfolio optimisation to further strengthen sales in core business of mobile communications and mobile internet - Acquisition of a majority stake in MOTION TM Vertriebs GmbH via mobilcom-debitel GmbH Büdelsdorf, 20 February 2013 - freenet AG systematically continues its strategic portfolio optimisation with the acquisition of a 51-percent stake in MOTION TM Vertriebs GmbH. mobilcom-debitel GmbH, a wholly owned subsidiary of freenet AG, today signed a purchase and transfer agreement regarding the acquisition of 51 percent of shares in MOTION TM Vertriebs GmbH, Troisdorf. The transaction is expected to close within the 1st quarter of 2013, following the usual merger review process by Germany's Federal Cartel Office. The purchase price was not disclosed. The acquisition strengthens freenet AG's sales clout, especially in the online segment. In addition, MOTION TM provides the systems expertise required to support specialist retailers with its 'moon' sales platform. MOTION TM is a leading online retailer in the mobile communications and telecoms industry. The online service provider works closely with all network operators and mobile communications service providers to develop tailored solutions for its sales partners, including delivery logistics right through to the end customer. It has closely collaborated with mobilcom-debitel GmbH since 2005. The shareholding will lead to a sustained expansion of the companies' joint business activities. Further inquiry note: freenet AG Investor Relations Tel.: +49 (0)40 513 06-778 E-Mail: ir@freenet.ag end of announcement euro adhoc -------------------------------------------------------------------------------- company: freenet AG Hollerstraße 126 D-24782 Büdelsdorf phone: +49 (0)4331 691000 mail: ir@freenet.ag WWW: http://www.freenet-group.de sector: Telecommunications ISIN: DE000A0Z2ZZ5 indexes: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English