DGAP-Adhoc

Wirecard AG acquires 3pay, one of the leading payment providers in Turkey

Wirecard AG / Key word(s): Acquisition

03.09.2014 08:22

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-Market entry in Turkey, expansion of business activities in Middle
East/North Africa (MENA)

The Wirecard Group has agreed on the acquisition of all shares in the
Turkish Mikro Ödeme Sistemleri İletişim San. ve Tic. A.Ş., headquartered in
Istanbul, with the company's shareholders. Under its brand 3pay, the
company is considered to be one of the leading payment providers in Turkey.
The service spectrum ranges from mobile payment/direct carrier billing
services to its own prepaid card platform.
Among the company's customers and partners are all Turkish mobile
communications companies as well as far-reaching partnerships in the field
of games publishing and social networks.
The purchase price payable in connection with the transaction consists of
cash payments in the amount of approx. EUR 12.0 million plus earn-out
components of up to approx. EUR 14 million that depend on the operational
profit of the acquired company in the years 2014 to 2017.

It is expected that in the fiscal year 2015 the acquisition will contribute
an amount of approx. EUR 1.7 million to the consolidated operational
earnings before interest, taxes, depreciation and amortization (EBITDA) of
the Wirecard Group. Additional costs for integration will arise in 2014 and
2015 and presumably amount to EUR 1.0 million in total. The Closing of the
transaction is subject to the approval by the relevant Turkish authorities
and is expected to take place in the fourth quarter of 2014.
The sellers are the majority shareholder Mediterra Capital Partners I, LP
and the CEO who will remain in the management team.

Founded in 2008, 3pay is a rapidly growing company. Turkey is considered as
one of the most dynamic growth markets of the MENA region with regard to
electronic payments, e-commerce and prepaid products.


Contact:
Iris Stöckl
VP Corp.Com./IR
Tel.: [phone]
e-Mail: [e-mail]
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY


03.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Wirecard AG
Einsteinring 35
85609 Aschheim b. München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.wirecard.com
ISIN: DE0007472060
WKN: 747206
Indices: TecDAX, Prime All Share, Technology All Share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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