EQS Group AG / Key word(s): Market launch
EQS Group AG successfully enters UK market
Obsidian IR LTD, founded in 2013 and based in London, is a provider of Digital Investor Relations in the UK, offering 130 publicly-listed companies tools such as stock charts for their digital presence. Obsidian IR currently boasts a 15% market share in the UK and expects sales in excess of GBP 215,000 this year. The purchase price will remain undisclosed by mutual consent.
Achim Weick, CEO of EQS Group AG: "We have been working on our UK market entry for almost a year. Our start is a promising one, with our UK COCKPIT already launched, first successful client projects, in addition to our new client base acquired through Obsidian IR. The purchase of Obsidian is a further milestone toward EQS's goal of becoming one of the top 5 providers worldwide of Digital Investor Relations by 2020."
With nearly 2,400 listed companies and up to 100 annual IPOs on the London Stock Exchange, as well as being an international financial hub, the UK has enormous market potential, offering major growth opportunities for EQS Group. Initial sales successes in 2015 show that EQS's unique approach -- offering its clients the full spectrum of Digital Investor Relations products and services from a single source --- was very well received in the UK.
Oliver Schneider will be appointed Managing Director of EQS Group's new subsidiary. For the past six years, he has been based in Zurich, developing and driving the EQS Group's Swiss business. Oliver Schneider: "I'm looking forward to this new challenge. With our newly-formed, motivated team in London, we'll now be able to offer stock-listed companies in the UK our innovative, award-winning solutions for highly optimised Digital Investor Relations."
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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|