05/02/2011, 21:00 Uhr CESTAd-hoc Release

QSC AG acquires over 58% of the shares of INFO Gesellschaft für Informationssysteme AG and announces tender offer

Cologne, May 2, 2011. Cologne-based QSC AG (QSC) has today entered into a purchase agreement with MZ Erste Vermögensverwaltungsgesellschaft mbH, in Hamburg, a major shareholder of INFO Gesellschaft für Informationssysteme AG, in Hamburg (INFO AG), to acquire 58.98 percent of the 4,000,000 total shares issued by INFO AG at a price of € 14.35 per share. This means that MZ Erste Vermögensverwaltungsgesellschaft mbH is thus selling all of the INFO AG shares it holds.

Execution of the purchase agreement is still subject to anti-trust approval. QSC will issue a public tender offer for those shares of INFO AG that are not held by MZ Erste Vermögensverwaltungsgesellschaft mbH.

With the acquisition of INFO AG, QSC will be complementing its existing portfolio and thus accelerating its transformation from a telecommunications provider to a provider of ICT services. Following the acquisition, the QSC Group, with a workforce of nearly 1,300 people, will be able to offer the full spectrum of ICT services, comprising complete voice-data communication, Housing, Hosting, IT Outsourcing as well as IT Consulting.

QSC is financing this acquisition from both liquid assets as well as from its current free cash flow. Moreover, the company additionally has at its disposal a credit line in the amount of € 50 million, which has not been fully utilized.

Queries to:
QSC AG
Arne Thull
Investor Relations
Phone: +49 221 6698-724
Fax: +49 221 6698-009
E-mail: invest@qsc.de
Internet: www.qsc.de

You are now in the archive of our past releases. QSC was renamed as q.beyond AG in September 2020. You can find further details in our press release.

Arne Thull
Contact
Arne Thull
Head of Investor Relations / Mergers & Acquisitions
T +49 221 669-8724
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