ADS System AG
Ad hoc-Service: ADS System AG english
Ad-hoc announcement precessed and sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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ADS System AG acquires interest in Austrian spin-off
Bad Homburg / Vienna, 31.01.2001 ADS System AG (WKN 514780) has acquired a
majority interest in an Austrian spin-off with more than forty employees. The
team is active in the network services sector, and has already been working
together successfully for several years. With Gernot Frauscher as chairman of
the executive board and Ing. Peter Vuckovic as Financial Director, two managers
will be taking over the new company who each have over ten years of experience
in the networking services sector. Located in Vienna and Linz, the company
covers the two most important economic centres in Austria.
The employees all have several years of experience in the networking area. With
their individual specialist fields they cover the entire range of services
offered by ADS System AG. They therefore represent an ideal addition to the ADS
System Group. The controlling interest acquired by ADS System AG has resulted
from an increase in the share capital of the company’s equity at nominal value
in order to ensure the corporate financing. 60% of the shares in the company,
which is to trade under the name ADS System (Austria) AG, will be held directly
by the German ADS System AG. The remaining 40% are distributed among the board
members and other employees. The company expects a turnover in 2001 of between
4.5 and 5 million euro with a slightly positive results. It is planned to
complete the necessary legal transactions in February.
ADS System AG, Investor Relations, Kay Fautz, Siemensstraße 25A,
D-61352 Bad Homburg, Fon +49(0)6172-288-280, Fax +49(0)6172-288-403,
e-Mail IR@ads.de
end of Ad hoc-announcement, (c) DGAP 31.01.2001
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WKN:514780; Index:
Listed:Neuer Markt in Frankfurt;
Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und
Stuttgart
310845 Jän 01
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