EQS Group AG / Key word(s): Takeover
EQS Group Takes Over Tensid AG
Munich - 10.12.2015
EQS Group (ISIN: DE0005494165) acquires 100% of the shares of Tensid AG located in Baar, Switzerland, making it market and technology leader for Digital Investor Relations in Switzerland.
Tensid, a leading Digital Corporate Communications provider in Switzerland, delivers its software solution, Market Communication Office (marCo.ch), to more than 100 customers. For the year 2015 Tensid expects revenues of more than SFR 1.2mn and EBIT of approximately SFR.250mn. The purchase price will remain undisclosed by mutual agreement. One-third of financing is provided by EQS Group's own capital resources and two-thirds originate from an acquisition loan provided by Commerzbank Munich. A capital increase is not required.
Tensid AG was founded by Carolyn Baechler-Schenk and Konrad Baechler in 2000. Headquartered in Baar, the company currently has 12 employees. The founders will actively contribute to the further development of the Swiss market and the international expansion of EQS Group AG. While Konrad Baechler, a system architect, takes on the further development of marCo.ch and COCKPIT, consequently enhancing customer value, Carolyn Baechler-Schenk will lead the Swiss team and operations as the CEO.
Carolyn Baechler-Schenk, CEO of Tensid AG: "With a view to our customers' needs, Tensid's merger with EQS Group represents the proper strategic response to the challenges of dynamic and globalized markets. The spirit of EQS Group's founders matches perfectly with our innovation culture. Together we aim to expand the market and technology leadership for Digital Investor Relations and Corporate Communications."
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About EQS Group
The EQS Group is a Munich-headquartered leading international provider of digital corporate communications.
Since its founding in 2000, the EQS Group has grown to be a leading global provider of digital solutions for investor relations and corporate communications. Its solutions and services enable over 7,000 companies worldwide to fulfill complex domestic and international corporate information requirements securely, timely and efficiently.
EQS Investor Relations and EQS Corporate Communications disseminate financial and corporate news, develop corporate websites and apps, produce online financial as well as sustainability reports, and execute audio and video broadcasts. EQS Financial Markets & Media and ARIVA.DE (25.44%) are active in financial marketing, data and content delivery as well as the development of financial portals. Through its DGAP service, the EQS Group is the institution by which companies fulfill mandatory regulatory news dissemination requirements.
The EQS Group is headquartered in Munich, with a further domestic office in Hamburg. The international growth strategy has led to subsidiaries in Zurich, Moscow, Hong Kong, Shenzhen, Singapore, Taipei, and Kochi. EQS Group currently has over 190 employees.
|Company:||EQS Group AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Munich (m:access), Stuttgart; Open Market (Entry Standard) in Frankfurt|
|End of News||DGAP News Service|