Wirecard AG: Acquisition of GFG Group Limited, New Zealand
Wirecard AG / Key word(s): Acquisition
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Today Wirecard Group has announced the acquisition of all shares in GFG
Group Limited, Auckland, New Zealand and one subsidiary in Melbourne,
Australia, from several financial investors.
Founded in 1990, GFG Group is a leading provider of innovative electronic
payment solutions and services. GFG Group solutions are deployed in more
than 20 countries at over 100 corporate customers- particularly financial
institutions and mobile network operators-processing more than two million
transactions daily by over 25 million card- and account-holders.
The considerations payable in connection with the transaction, including
the assumption of liabilities, amount in total to approx. EUR 30.0 million
plus earn-out components of up to approx. EUR 3.8 million, which depend on
the operational profit of the acquired companies in the years 2015 and
It is expected that the acquisition of GFG Group will contribute an EBITDA
of approx. EUR 3.5 million in the fiscal year 2015 excluding integration
costs of approximately EUR 1.0 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