UK markets open in 5 hours 13 minutes
  • NIKKEI 225

    27,956.96
    -127.51 (-0.45%)
     
  • HANG SENG

    28,171.49
    +143.92 (+0.51%)
     
  • CRUDE OIL

    65.58
    +0.21 (+0.32%)
     
  • GOLD FUTURES

    1,852.70
    +14.60 (+0.79%)
     
  • DOW

    34,382.13
    +360.73 (+1.06%)
     
  • BTC-GBP

    31,861.96
    -2,330.50 (-6.82%)
     
  • CMC Crypto 200

    1,245.45
    -113.11 (-8.33%)
     
  • ^IXIC

    13,429.98
    +304.98 (+2.32%)
     
  • ^FTAS

    4,012.07
    +45.99 (+1.16%)
     

exceet Group SCA: Sale of exceet Secure Solutions GmbH

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
  • Oops!
    Something went wrong.
    Please try again later.

exceet Group SCA / Key word(s): Disposal/Disposal
exceet Group SCA: Sale of exceet Secure Solutions GmbH

29-Apr-2021 / 11:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad hoc Announcement

Sale of exceet Secure Solutions GmbH, Dusseldorf

Grevenmacher, 29 April 2021 - exceet Group AG, an exceet group company, signed a contract today with Utimaco IS GmbH to sell its subsidiary exceet Secure Solutions GmbH ("eSS"). The buyer is controlled by EQT Mid-Market Fund, a fund of the private equity firm EQT. The internet and IT-Service Provider eSS, headquartered in Dusseldorf, is part of the exceet group's business segment "Software (incl. IoT)". The transaction is based on an eSS valuation of EUR 5.0 million cash-and-debt free. Once the transaction is completed, the exceet group's net cash position (available cash less interest bearing liabilities) after transaction costs will increase approx. by EUR 4.7 million to approx. EUR 20 million. The Closing of the transaction is scheduled for 30 April 2021.

Shortly before the signature of the contract, the wholly owned subsidiary of eSS, Lucom GmbH Elektronikkomponente und Systeme ("Lucom"), was sold intra-group to exceet Group SCA, and Lucom therefore remaining an entity of the exceet group. The purchase price was offset with receivables of exceet Group AG without effecting the liquidity of eSS.

eSS generated revenues of about EUR 4.0 million and an operating profit before depreciation and amortization (EBITDA)1) of EUR -0.7 million in the financial year 2020.

1) Earnings before Interest, Taxes, Depreciation and Amortization


Heike Kiefer
Email: investor.relations@exceet.com
exceet Group SCA
17, rue de Flaxweiler
L-6776 Grevenmacher
Luxemburg
Telefon +352 28 38 47 20

ISIN: LU0472835155
WKN: A0YF5P
Listed: Regulated Market of the Frankfurt Stock Exchange (Prime Standard)

About exceet
exceet is a listed holding company focusing on technology corporations within the healthcare and electronics markets.

29-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

exceet Group SCA

17, rue de Flaxweiler

6776 Grevenmacher

Luxemburg

Phone:

+352 2838 4720

Fax:

+352 2838 4729

E-mail:

info@exceet.com

Internet:

www.exceet.com

ISIN:

LU0472835155, LU0472839819

WKN:

A0YF5P, A1BFHT

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1190590


 

End of Announcement

DGAP News Service

show this
show this