21.12.2012

Wirecard AG announces further acquisition of companies in Asia


Wirecard AG  / Key word(s): Acquisition

21.12.2012 09:54

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.


Aschheim/Munich (Germany), December 21, 2012; Today, Wirecard Group has agreed to purchase all shares in Trans Infotech Pte. Ltd., Singapore, from its shareholders.
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 management team.

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 2015.
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.


Contact:
Iris Stöckl 
VP Corp.Com./IR 
Tel.: +49 (0)89-4424-1424
e-Mail: iris.stoeckl@wirecard.com
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY


21.12.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

 
Language:     English
Company:      Wirecard AG
              Einsteinring 35
              85609 Aschheim b. München
              Germany
Phone:        +49 (0)89-4424 1400
Fax:          +49 (0)89-4424 1500
E-mail:       ir@wirecard.com
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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