wallstreet:online AG: Acquisition of ARIVA.DE AG
wallstreet:online AG / Key word(s): Takeover/Investment Publication of insider information pursuant to Article 17 of Regulation (EU) No. 596/2014 Acquisition of ARIVA.DE AG Berlin - 24 June 2019 Wallstreet:online AG has signed an agreement to acquire all shares of ARIVA.DE AG based in Kiel today. Closing of the transaction is intended by July 19, 2019 at the latest. Since 1998 the company's finance information internet portal www.ariva.de and its historically evolved community is a successful market player. The portal achieves more than 48 million page impressions (May 2019) and is one of the five largest finance information internet portals in German-speaking Europe. Further, ARIVA.DE AG is a leading supplier for financial data and regulatory software solutions for financial institutions and stock 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 purchase price for all shares amounts to EUR 7.5 million EUR 2 million will be granted as a vendor loan note due 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. As a result of the acquisition of ARIVA.DE AG the wallstreet:online group will become active in the business segment of regulatory services. This new activity shall reduce the risks associated with the historically more volatile advertising business. At group level it is intended to achieve synergy effects by cost reduction in data purchase, securities price data purchase, licenses as well as synergy effects from marketing activities by using the greater resulting internet reach and the opportunity of multi-brand advertising offerings (wallstreet:online.de, börsennews.de, finanznachrichten.de and Ariva.de) The management will analyze any potential adjustment of its business plan and profit forecast in the light of this transaction, and will communicate any potential material changes as soon as practicable. Notifying person: Stefan Zmojda, member of the management board
24-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | 829075 |
End of Announcement | DGAP News Service |