wallstreet:online AG: Wallstreet:online AG acquires top 5 finance portal ARIVA.de and draws near to market leader
DGAP-News: wallstreet:online AG / Key word(s): Takeover/Mergers & Acquisitions Wallstreet:online AG acquires top 5 finance portal ARIVA.de and draws near to market leader - ARIVA.DE: Finance portal with more than 48 million page impressions and EUR 8 million - Internet reach of the wallstreet:online group increases by more than 40% to 165 million - New business segment regulatory services with stable earnings Berlin, 24 June 2019 - wallstreet:online AG (ISIN DE000A2GS609), the operator of leading finance portals and the number one finance community in German-speaking Europe, today has signed an agreement to acquire 100% of the issued share capital of ARVIVA.DE AG including its subsidiary ZV Zertifikate Verlag GmbH. The acquisition is consistent with wallstreet:online's strategy to continue to increase its online reach to more than 4m readers and self-directed investors. With the increased reach of approx. 165 mio. page impressions per month, wallstreet:online draws near to the market leader in the area of finance portals in German-speaking Europe. Including ARIVA.DE the wallstreet:online Group now reaches approx. 3.5 million readers per month. The purchase price for 100% of the shares amounts to EUR 7.5 million, of which EUR 2 million will be granted as a vendor loan note repayable by December 31st, 2022. The purchase price is subject to adjustment mechanisms, and the final purchase price depends on further revenue and earn-out elements. ARIVA.DE with its homonymous finance portal is one of the top 5 portal operators across the German-speakingcountries of Europe. The companywas founded in 1998, and commands a large finance community, achievingmore than 48 million page impressions (May 2019). Further, ARIVA.DE AG is a leading supplier for bespoke financial data and regulatory software solutions for financial institutions and exchanges. Key customers include UBS AG, Deutsche Börse Group and Six Financial Information. The company employs around 90 members of staff. In 2019 ARIVA.DE AG expects total revenues of approx. EUR 8 million. The wallstreet:online Group achieved revenues of approx. EUR 10.6 million in 2018. "This is our second acquisition in 2019. We are actively driving market consolidation and are catching up to the market leader. We have more than doubled our internet reach in a few months, which has dramatically increased the portals' attractiveness for our advertisement customers", says Stefan Zmojda, CEO of wallstreet:online AG. "Internet reach is the vital factor in the portal business.It realizes economies of scale in marketing and sales, and creates cost synergies, for example in data procurement and licenses. With our last acquisitions we have proven to generate positive revenues and earnings impetus for our new affiliates and our group as a whole." Forecast 2019 The management will analyze if any adjustment of the business plan is required in light of this transaction as well as any potential implication on the profit forecast. Press-Contact Michael Bulgrin
24.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | wallstreet:online AG |
Seydelstraße 18 | |
10117 Berlin | |
Germany | |
Phone: | +49 (0) 30 2 04 56 382 |
Fax: | +49 (0) 30 2 04 56 450 |
E-mail: | m.bulgrin@wallstreet-online.de |
Internet: | www.wallstreet-online.de |
ISIN: | DE000A2GS609 |
WKN: | A2GS60 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 829315 |
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