10.07.2015
United Internet AG DE0005089031
DGAP-Adhoc: United Internet acquires Polish webhosting market leader home.pl and considers IPO in Applications segment
United Internet AG / Key word(s): Acquisition
10.07.2015 04:02
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Montabaur, July 10, 2015. United Internet AG today reached an agreement
with the owners of home.pl S.A. (Szczecin, Poland) - led by the private
equity fund V4C Eastern Europe - regarding the acquisition of all shares in
home.pl by United Internet's subsidiary 1&1 Internet SE.
home.pl employs 240 people and currently has over 300,000 customers. With
expected annual sales of around EUR 25 million in 2015 and an expected
EBITDA in 2015 of around EUR 10 million, it is the clear market leader in
the Polish webhosting market.
The purchase price of all shares in home.pl amounts to around EUR 135
million in cash - subject to adjustment at closing. The interest-bearing
liabilities of the company (approx. EUR 20 million) will be repaid at
closing. The share purchase is still subject to the usual approval of the
relevant anti-trust authorities. It is planned that home.pl will continue
to operate as an independent company under the leadership of its current
management team. Together with the United Internet brand 1&1, which has
already been operating in Poland since 2010, the aim is to gain further
ground on the Polish market and strengthen the company's leading position
in Europe.
Now that the European webhosting/cloud computing market has largely been
carved up, United Internet plans to focus more on acquisitions in future -
in addition to organic growth. With its successful takeovers in the past
years of InterNetX, Sedo, fasthosts, united-domains, Arsys and now home.pl,
United Internet has already gained extensive experience in this field.
Against this backdrop, United Internet plans to examine the possibility of
an IPO for its "Business Applications" segment in the coming months, for
which it expects sales of around EUR 600 million in fiscal 2015. Should the
result of this examination be positive, an IPO is to be launched in approx.
2 years.
Contact
Maika-Alexander Stangenberg
Head of Corporate Communications & Public Affairs
United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Tel: 02602/96-1616
Fax: 02602/96-1013
E-mail: [email protected]
Internet: www.united-internet.de
10.07.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Phone: +49 (0)2602 / 96 - 1100
Fax: +49 (0)2602 / 96 - 1013
E-mail: [email protected]
Internet: www.united-internet.de
ISIN: DE0005089031
WKN: 508903
Indices: TecDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of Announcement DGAP News-Service
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