itelligence AG / Key word(s): Acquisition
14.06.2011 13:56
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
itelligence AG acquires majority interest in Danish consultancy firm 2C
change a/s
Bielefeld, June 14, 2011 - itelligence AG today acquired a 60% interest in
2C change a/s, a software consultancy firm for SAP business solutions based
in Horsens, Denmark. itelligence also has an option to acquire the
remaining 40% of the shares. With this transaction, itelligence AG is
pressing ahead with its international expansion strategy and extending its
business activities to the Scandinavian market, where it did not previously
have a subsidiary. The parties have agreed not to disclose the purchase
price. 2C change is expected to contribute around 9% to consolidated
revenues and more than 10% to the operating profit of itelligence AG.
Contact:
Katrin Schlegel, itelligence AG, phone: +49 (0) 521 - 91 44 8106;
katrin.schlegel@itelligence.de
14.06.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: itelligence AG
Königsbreede 1
33605 Bielefeld
Deutschland
Phone: +49 (0)521 91448-106
Fax: +49 (0)521 91445-201
E-mail: katrin.schlegel@itelligence.de
Internet: www.itelligence.de
ISIN: DE0007300402
WKN: 730 040
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: itelligence AG acquires majority interest in Danish consultancy firm 2C change a/s
| Quelle: EQS Group AG