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    DGAP-News  845  0 Kommentare EQS Group AG acquires majority in ARIVA.DE AG

    DGAP-News: EQS Group AG / Key word(s): Strategic Company Decision/Takeover
    EQS Group AG acquires majority in ARIVA.DE AG

    15.06.2016 / 08:00
    The issuer is solely responsible for the content of this announcement.

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    EQS Group AG acquires majority in ARIVA.DE AG
    New legal requirements for financial institutions open up great market
    opportunities

    Munich - 15 June 2016

    The EQS Group AG (ISIN: DE0005494165) has increased its existing share of
    ARIVA.DE AG to 50% plus one share, thereby acquiring a majority of shares.
    Through the acquisition, EQS gains access to the attractive customer target
    group of financial institutions, thereby entering the new market for the
    production of key information documents (KIDs).

    ARIVA.DE AG is a leading provider of financial data and software solutions
    for financial institutions and operates the financial portal of the same
    name. Its newly developed software enables issuers in the financial sector
    to automatically generate documents for packaged investment products which
    will be required by law. The PRIIPs (packaged retail investment and
    insurance-based investment products) Regulation will be mandatory for
    Europe and is expected to take effect at the beginning of 2017. ARIVA.DE AG
    has extensively prepared for this new regulation, appointing Frank Gräsner
    to the management board to develop this particular business. Before joining
    ARIVA.DE AG, Gräsner was an executive with SIX Financial Information, a
    subsidiary of the Swiss stock exchange.

    ARIVA.DE AG is headquartered in Kiel and recently opened a Frankfurt sales
    office. The company employs approximately 80 employees. ARIVA.DE AG expects
    sales of at least EUR 5.6 million and an EBIT of approximately EUR 600,000
    for the 2016 fiscal year. The purchase price is slightly lower than in
    August 2007, when EQS acquired its first stake in the company. EQS Group AG
    will finance one quarter of the acquisition with its own capital resources
    with the remaining three-quarters covered by an acquisition loan provided
    by Commerzbank Munich.

    Achim Weick, founder and CEO of EQS Group AG: "EQS has been invested in
    ARIVA.DE AG since 2007. A stronger focus on regulatory requirements
    provides us many new opportunities to strengthen our cooperation within the
    company, which we intend to achieve together with the remaining founders
    and shareholders of ARIVA.DE AG."

    Matthias Vogelsang-Weber, CEO and co-founder of ARIVA.DE AG: "ARIVA.DE AG
    has evolved steadily since its founding and is ready to launch the next
    phase of growth together with EQS Group AG. We are pleased with the
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    DGAP-News EQS Group AG acquires majority in ARIVA.DE AG DGAP-News: EQS Group AG / Key word(s): Strategic Company Decision/Takeover EQS Group AG acquires majority in ARIVA.DE AG 15.06.2016 / 08:00 The issuer is solely responsible for the content of this announcement. …