03.03.2015

Wirecard buys acquiring customer portfolio from Lufthansa AirPlus Servicekarten GmbH


Wirecard AG  / Key word(s): Acquisition

03.03.2015 08:36

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


Between Wirecard Group and Lufthansa AirPlus Servicekarten GmbH an agreement on the acquisition of core acquiring customer contracts of credit card acceptance as well as further other chosen assets from Lufthansa AirPlus Servicekarten GmbH has been executed Yesterday late evening. The acquisition comprises of credit card acceptance agreements and distribution agreements as well as network provider contracts. Among the high volume customers of Lufthansa AirPlus Servicekarten GmbH are primarily international airlines.
The purchase price payable in connection with the transaction consists of cash payments in the amount of approx. EUR 13.0 million plus earn-out components of up to approx. EUR 1.0 million for the years 2015 and 2016. The Closing of the transaction, which requires common approvals by the respective bodies of both parties and which is subject to the clearance by the German Federal Cartel Office, is expected to take place in the first half of the year 2015. In the first twelve months after closing a contribution of an amount of approx. EUR 1.5 million to the consolidated operational earnings before interest, taxes, depreciation and amortization (EBITDA) of the Wirecard Group is expected. Additional costs for integration will presumably amount to EUR 0.7 million in total.

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


03.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,               Stuttgart
 
End of Announcement DGAP News-Service  



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