Munich, May 17, 2023

Corporate News

 
UMT AG announces cooperation with capital market and M&A expert Alexander Hupe

UMT United Mobility Technology AG will cooperate with Mr. Alexander Hupe, resident in Hamburg, with immediate effect in the context of the upcoming "Buy-and-Build" process. Alexander Hupe has many years of extensive experience in building international corporate structures and brings capital market experience in both public and private markets. In addition, he has already completed due diligence processes, transactions and post-merger processes for various investment companies and family offices.

"With Alexander Hupe, the Management Board of UMT AG was able to gain a proven capital market and M&A expert who will support the concretization of our outlined "buy-and-build" strategy with his know-how in the future. I am very much looking forward to a prosperous cooperation with him," said Thomas Teufel, Member of the Management Board of UMT AG.

About UMT AG:

UMT United Mobility Technology AG stands as a "TechnologyHouse" for the development and implementation of customized solutions for the digitalization of business processes. With Mobile Payment, Smart Rental and MEXS, UMT has technological platforms for payment, digital rental and now also for communication. The software-oriented technology portfolio now extends far beyond payment and also includes commerce, IoT and, with MEXS, communication, and forms the basis for forward-looking, integrated products. UMT is now much more than a FinTech company and serves the retail and rental sectors as well as industry.

The IT and consulting expertise built up over a decade in the field of e-commerce and payment is the basis for value-creating investments in companies that contribute to the digital transformation of the co-testing environment and thus provides the answers to the most pressing questions of companies. The focus of the investment activities is on medium-sized companies with future-oriented and stable business models. The aim is to participate in the digital transformation with a forward-looking buy-and-build strategy and thus to achieve significant revenue and earnings growth in the UMT Group with sustainable profitability and steady cash flow.

The UMT United Mobility Technology AG share (GSIN: A2YN70, ISIN: DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Boerse AG.

Contact:

UMT United Mobility Technology AG
Investor Relations
Irmi Aigner
Brienner Strasse 7
D-80333 Munich
Tel:  +49 89 20500-680
Fax: +49 89 20500-555
E-Mail: [email protected]
www.umt.ag