DGAP-News: Wirecard acquires Trans Infotec

 | Source: EQS Group AG EQS Group AG 

DGAP-News: Wirecard AG / Key word(s): Acquisition
Wirecard acquires Trans Infotec

21.12.2012 / 10:20

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Aschheim/Munich (Germany), December 21, 2012; Today, Wirecard Group has
agreed to purchase all shares in Trans Infotech Pte. Ltd., Singapore, from
its shareholders.
Trans Infotech Pte. Ltd. was founded in 1997 and has 80 employees. The
Group is one of the leading payment service providers in Vietnam, Cambodia
and Laos. Furthermore Trans Infotech acts as a technology partner in the
area of payment and technology services for banks, transportation
businesses and retail companies in Singapore, the Philippines and Myanmar.
The founder and main shareholder Freddie Chong will remain in the
management team.

The considerations in connection with this transaction comprise cash
payments (all converted into Euro) in an amount of approx. EUR 21.1 million
and earn out-components of up to approx. EUR 4.4 million, dependent on the
operational profit (EBITDA) of the acquired group in the years 2013 through
2015.
It is expected that the acquired group of companies will reach an EBITDA of
approx. EUR 2.5 million in fiscal 2013. The closing of the transaction can
be expected in the first half of 2013. Integration costs will amount to
approx. EUR 0.75 million.

Markus Braun, CEO of Wirecard says: 'As one of the leading payment service
provider in the Indochina region, TransInfo Tech complements perfectly our
activities in Singapore and Indonesia.  With its strong focus on emerging
markets the Company is providing already card management of local prepaid
and debit cards as well as contactless and mobile card payments. With this
step we enlarge our sales distribution in South East Asia.'

With more than 60,000 deployed terminals, Trans Infotech plays a key role
within the emerging markets of Indochina; of which Vietnam is the most
populous with its 100 million citizens. GDP 2013 is forecasted to rise by 6
percent according to the International Monetary Fund.


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

About Wirecard AG: 
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group
supports over 13,000 companies from various industry segments in their
efforts to automate their payment processes and minimize cases of default.
Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and
operates as a credit card acquirer in 69 countries around the world,
involving over 100 transaction currencies and 18 payout currencies. Part of
the Wirecard Group, Wirecard Bank provides innovative solutions in the
fields of corporate banking, prepaid and co-branded cards, along with
account products for both business and private customers. Wirecard AG is
listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).

www.wirecard.com |  www.wirecardbank.com |  www.mywirecard.com


End of Corporate News

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21.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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197701 21.12.2012
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