Navigator Equity Solutions SE
Navigator Equity Solutions SE: Navigator Equity Solutions SE announces acquisition of IT-services provider net on AG by its portfolio company IT Competence Group N.V.
Navigator Equity Solutions SE / Key word(s): Acquisition/Acquisition 28.05.2011 11:22 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Navigator Equity Solutions SE announces acquisition of IT-services provider net on AG by its portfolio company IT Competence Group N.V. Waalre, May 28, 2011 - Navigator Equity Solutions SE is pleased to announce that its portfolio company IT Competence Group N.V. acquires IT-services provider net on AG. Net on AG is a leading provider of network management solutions including design, implementation and operation of IT infrastructures for large and medium-sized companies. The company was founded in 1997 and caters with 45 employees at five office locations in Germany and Austria to a broad range of customers such as Bitburger Brauerei or LBS Rheinland-Pfalz. Consolidated revenues at IT Competence Group N.V. are expected to increase by more than EUR 6m annually by the acquisition. It was agreed to keep the purchase price confidential. Markus Solibieda, CEO of IT Competence Group N.V., commented: 'We are very pleased to welcome net on AG and its excellent team of experts and great clients to IT Competence Group N.V. This transaction confirms our drive to broaden the Group's skill set and client base and the execution on our chosen strategy to grow by acquisitions. We are convinced that net on AG will add significant value to the Group in the future.' For further questions please contact our Investor Relations team directly. Navigator Equity Solutions SE Investor Relations t.: +49 89-244118-413 f.: +49 89-244118-499 info@navigator-equity.com Navigator Equity Solutions SE is a publicly listed (regulated market of the Munich stock exchange) investment company with an investment focus on majority and minority participations in European service companies. The investment portfolio comprises companies from the financial services, digital media services and IT services industries. 28.05.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Navigator Equity Solutions SE Laan van Diepenvoorde 3 5582 LA Waalre Niederlande Phone: +49 89 244118-414 Fax: +49 89 244118-499 E-mail: info@navigator-equity.com Internet: www.navigator-equity.com ISIN: NL0009538008 WKN: A1CUJD Listed: Regulierter Markt in München; Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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