DGAP-News: QSC AG / Key word(s): Squeeze Out
QSC concludes INFO AG merger earlier than anticipated
17.07.2012 / 10:46
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QSC concludes INFO AG merger earlier than anticipated
- All outstanding INFO AG shares acquired
- Merger of INFO AG with QSC subsidiary now in effect
- Stronger integration to commence as early as second half of 2012
Cologne, July 17, 2012. The merger of INFO Gesellschaft für
Informationssysteme AG ('INFO AG') with wholly-owned QSC subsidiary INFO
Gesellschaft für Informationssysteme Holding AG ('INFO Holding') went into
effect today following official registration in INFO Holding's commercial
register. INFO AG in its previous form is thus now defunct and has become a
part of INFO Holding. At the same time, all shares held by minority INFO AG
shareholders have been transferred to INFO Holding by cash settlement. It
is expected that the stock exchange listing for shares of INFO AG will soon
be terminated. INFO Holding will continue to operate the previous company
and to use the INFO AG brand name.
The merger will simplify collaboration within the QSC Group. The company
will already be able to begin implementing measures aimed at greater
integration as early as the third quarter of 2012, although they had
originally been scheduled for the first quarter of 2013. These measures
include centralization of purchasing operations, consistent steering of the
ICT infrastructure, as well as cross-locational consolidation of customer
management activities. Moreover, this will also streamline the
organizational structure of the QSC Group and establish consistent
management structures in such areas as Finance, Marketing and Human
Resources.
QSC Chief Executive Officer Dr. Bernd Schlobohm notes: 'The conclusion of
the merger will give us significantly greater freedom of action. We will
now be able to do an even better job of bundling the know-how that exists
at all of our companies and in all of our operations in the interest of our
customers. At the same time, we'll be accelerating processes on an
intercompany basis in the coming quarters, thus further enhancing our
efficiency.'
Queries to:
QSC AG
Arne Thull
Head of Investor Relations
Phone: +49 221 6698-724
Fax: +49 221 6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de
About QSC
Cologne-based QSC AG offers small and mid-size enterprises an extensive
range of ICT services - from telephony, data transfer, Housing and Hosting
right through to IT Outsourcing and IT Consulting. With its companies INFO
AG, a full-line provider of IT services headquartered in Hamburg, and IP
Exchange, a Housing and Hosting specialist headquartered in Nuremberg, the
QSC Group numbers among the leading mid-size providers of ICT services in
Germany. QSC offers custom-tailored Managed Services for individual ICT
needs, as well as a comprehensive product portfolio for customers and
marketing partners that can be modularly adapted to suit the communications
and IT needs in question. QSC offers its services on the basis of its own
Next Generation Networks (NGN) and operates an Open Access platform, which
unites a wide range of broadband technologies. QSC AG employs a workforce
of some 1,400 people and is listed on the TecDAX index.
End of Corporate News
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17.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: QSC AG
Mathias-Brüggen-StraÃe 55
50829 Köln
Germany
Phone: +49-221-6698-724
Fax: +49-221-6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de
ISIN: DE0005137004
WKN: 513700
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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178094 17.07.2012
DGAP-News: QSC concludes INFO AG merger earlier than anticipated
| Source: EQS Group AG