25.04.2018
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: Hypoport expands its business units and completes value chains in real-estate and finance sectors
DGAP-News: Hypoport AG / Key word(s): Takeover/Capital Increase
Hypoport AG: Hypoport expands its business units and completes value chains
in real-estate and finance sectors
25.04.2018 / 20:01
The issuer is solely responsible for the content of this announcement.
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Press release
Acquisition
Hypoport expands its business units and completes value chains in
real-estate and finance sectors
- FIO SYSTEMS AG will strengthen the Hypoport Group
- Considerable synergies between several of the two companies' business
models
- Completion of the value chain for private property transactions
- Hypoport subsidiary significantly increases its digitalisation services
for the housing industry
Berlin, 25 April 2018: Hypoport AG today signed an agreement to acquire all
of the shares in FIO SYSTEMS AG. Nicolas Schulmann, member of the Management
Board of FIO SYSTEMS AG and its main shareholder, will become Hypoport's
third-largest shareholder. The Leipzig-based company employs more than 130
people and in 2017 generated revenue of around EUR7 million.
FIO SYSTEMS AG is a leading specialist provider of web-based solutions for
the finance and real-estate sectors. FIO offers property marketing
solutions, payments processing solutions for the real-estate sector, claims
management in respect of damage to property and a comprehensive enterprise
resource planning (ERP) system for housing companies and property management
companies. Hypoport and FIO operate complementary business models in several
areas.
The Hypoport Group's web-based financial marketplace EUROPACE is the largest
German transaction platform for mortgages, building finance products and
personal loans. Linking it to FIO's broker software, which is particularly
well established in the savings bank segment, will create a seamless process
for purchasing private residential property and arranging the necessary
finance from a single source. Having added valuation services to its product
range two years ago, Hypoport will now cover the entire value chain for
private property transactions. At the same time, Hypoport's networks in all
banking segments will benefit FIO's distribution of broker software and
payments processing software.
The Hypoport subsidiary DR. KLEIN Firmenkunden AG has been a strong partner
to German housing companies and a leading provider of financial and
insurance services for more than 60 years. FIO's ERP and claims management
software will complement existing business models and significantly expand
the range of digitalisation services for the housing industry. "The
integration of FIO into the Hypoport family of companies and close
collaboration with our subsidiaries provide the foundations for significant
growth potential in all of FIO's areas of business and will increase the
Hypoport Group's involvement in the banking and real-estate industries,"
explains Hans Peter Trampe, member of the Management Board of Hypoport AG
and DR. KLEIN Firmenkunden AG. "The combined product range of our companies
and the shared network will enable FIO and the entire Hypoport Group to
break into new markets and customer groups," he adds.
"In the SDAX-listed Hypoport AG, we have gained a partner with strong
commercial and distribution credentials that is a very good fit for us in
every respect," says Nicolas Schulmann, member of the Management Board of
FIO SYSTEMS AG. "We will unlock synergies in a number of areas and expand
our value chains. Together, we will all be able to generate growth at a much
faster rate."
Hypoport today published further details of the transaction in an ad-hoc
disclosure.
Information on Hypoport AG
Hypoport AG is the parent company of the Hypoport Group. The subsidiaries of
the Hypoport Group are engaged in the distribution of financial services,
facilitated or supported by financial technology ('fintech'), and are
divided into four business units.
The Credit Platform business unit operates EUROPACE, which is an online
financial marketplace and the largest German software platform offering
mortgages, building finance products and personal loans. A fully integrated
system links more than 500 partners - banks, insurers and financial product
distributors. Several thousand loan brokerage advisors execute some 35,000
transactions per month on EUROPACE, generating a volume of around EUR4
billion. Besides EUROPACE, the FINMAS and GENOPACE sub-marketplaces and the
B2B distribution companies Qualitypool and Starpool support the growth of
the credit platform.
The Private Clients business unit, made up of the web-based, non-captive
financial product distributor Dr. Klein Privatkunden and the consumer
comparison portal Vergleich.de, brings together all business models aimed at
directly advising consumers on mortgages, insurance or pension products.
The Institutional Clients business unit, operating under the DR. KLEIN
Firmenkunden AG brand, is a leading financial service partner to housing
companies and commercial property investors.
The Insurance Platform business unit operates Smart InsurTech, a platform
for advice, comparison of tariffs and the administration of insurance
policies.
Hypoport AG is headquartered in Berlin, Germany, and has more than 1,000
employees. Its shares are listed in the Prime Standard segment of the
Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX
since 2015.
Contact
Hypoport AG
Klosterstraße 71
10179 Berlin
Internet: www.hypoport.de
Twitter: www.twitter.com/Hypoport
Press
Sven Westmattelmann
Head of Public Relations & Marketing
Phone: +49 (0)30 / 42086 - 1935
E-Mail: [email protected]
Investor Relations
Jan H. Pahl
Investor Relations Manager
Phone: +49 (0)30 / 42086 - 1942
E-Mail: [email protected]
Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchanges symbol HYQ
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25.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: [email protected]
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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