Wirecard AG announces further acquisition of companies in Asia
Wirecard AG / Key word(s): Acquisition
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Aschheim/Munich (Germany), December 21, 2012; Today, Wirecard Group has
agreed to purchase all shares in Trans Infotech Pte. Ltd., Singapore, from
Trans Infotech Pte. Ltd. was founded in 1997 and has 80 employees. The
Group is one of the leading payment service providers in Vietnam, Cambodia
and Laos. Furthermore Trans Infotech acts as a technology partner in the
area of payment and technology services for banks, transportation
businesses and retail companies in Singapore, the Philippines and Myanmar.
The founder and main shareholder Freddie Chong will remain in the
The considerations in connection with this transaction comprise cash
payments (all converted into Euro) in an amount of approx. EUR 21.1 million
and earn out-components of up to approx. EUR 4.4 million, dependent on the
operational profit (EBITDA) of the acquired group in the years 2013 through
It is expected that the acquired group of companies will reach an EBITDA of
approx. EUR 2.5 million in fiscal 2013. The closing of the transaction can
be expected in the first half of 2013. Integration costs will amount to
approx. EUR 0.75 million.
Tel.: +49 (0)89-4424-1424
Bloomberg: WDI GY
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Company: Wirecard AG
85609 Aschheim b. München
Phone: +49 (0)89-4424 1400
Fax: +49 (0)89-4424 1500
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