DGAP-Adhoc

adesso AG expands banking portfolio and customer base with takeover of Smarthouse Media GmbH

adesso AG / Key word(s): Takeover

04.05.2016 13:02

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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adesso AG expands banking portfolio and customer base with takeover of
Smarthouse Media GmbH

adesso AG is acquiring 100 % of Karlsruhe-based Smarthouse Media GmbH, a
leading and globally active full-service provider of digital information
and marketing platforms for banks and the financial industry. The company
with more than 120 employees generated annual sales of some EUR 16 million
and an EBIT margin of roughly 20 % in 2015. The purchase price amounts to
EUR 24 million and in view of the low interest rate environment, adesso
will finance EUR 20 million of that amount through an acquisition loan with
a term of 7 years at a fixed interest rate of 1 %; the remaining sum will
be financed with existing liquid assets. The Supervisory Board of adesso AG
approved the transaction today, and the deal will also be closed today.


Contact:
Martin Möllmann
Manager Investor Relations
Tel.: [phone]
E-Mail: [e-mail]


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Information and Explanation of the Issuer to this News:

Additional information

With the acquisition of Smarthouse Media GmbH, adesso AG is taking a major
step in increasing its visibility and portfolio in the core industry,
banking. The specialist expertise of Smarthouse Media in setting up and
operating bank portals for complex financial products is an ideal match for
adesso's sector approach. Smarthouse Media's numerous notable bank
customers, some of whom are globally active, will also significantly expand
adesso's customer base in banking and extend the range of services offered
to customers from the IT side to the business side as well. The company
operates more than 300 portals at several data centres. The portals are
based on the company's solutions, and the data centres fulfil the strict IT
security and compliance requirements that banks and stock exchange
operators face.

The purchase price includes the takeover of liquid assets of EUR 0.8
million and EUR 2.4 million in equity as of 31 December 2015; there are no
financial liabilities. The transaction takes place with economic effect as
of 1 January 2016. No other purchase price components were agreed. The
sellers are Axel Springer and two founders who are no longer involved in
the company.

04.05.2016 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: adesso AG
Stockholmer Allee 20
44269 Dortmund
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.adesso-group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart

End of Announcement DGAP News-Service

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