PopNet Internet AG
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PopNet Internet AG takes over IT service provider DD
SYNERGY AG, Hamburg
Sales projections for 2000: DD SYNERGY AG Euro 20
million / More than 600 specialists developing
the high-end sector of e-business – the market
of the future
On November 1, 2000, the Hamburg-based PopNet
Internet AG is taking over complete ownership
(100%) of the IT company DD SYNERGY AG, which
specializes in system solutions in the high-end
sector. Following the takeover, the PopNet
Group’s workforce will increase from 350 to
more than 600 employees. DD SYNERGY is
anticipating sales revenues of Euro 20 million for
the current fiscal year. PopNet Internet AG had
already adjusted its sales forecast for the
year 2000 upward from Euro 12 million to Euro 15
million. As a result of the consolidation and
the proportionate addition of DD SYNERGY AG’s
turnover, total sales of PopNet Internet AG
will increase by approximately Euro 3.5 million
from November 1, 2000 onward.
The transaction will be financed exclusively by
an exchange of shares. The liquid resources of
PopNet Internet AG still amount to Euro 15.9
million.
In terms of strategic focus, PopNet is
reinforcing its IT competence in the high-end
sector (IT consulting, basic technology and
software development) with this acquisition and
at the same time strengthening its position as
a future-oriented e-business enabler. The
integration of e-business technologies and
processes, as marketed by DD SYNERGY, play a
decisive role in this market. The takeover also
means that PopNet will be acquiring additional
IT resources which will place it in a better
position to undertake large, highly complex
projects for its clients and to complete them
even more quickly and efficiently than in the
past.
The DD SYNERGY AG was founded in 1990. Its
customers include blue chip companies such as
DaimlerChrysler Aerospace, Europcar (throughout
Europe) and BP Oil Europe. It has been focusing
to an increasing extent on the highly promising
Enterprise Application Integration (EAI)
market. EAI can be used in order to automate
business processes, thus providing customers
with powerful competitive edge. According to
forecasts issued by the Giga Information Group,
global sales revenues for products and services
in this sector should reach the US$ 2.1 billion
mark this year.
The managerial teams at both companies have
been collaborating on a number of cooperative
ventures since the beginning of this year,
including the preparation and ratification of
the takeover process, which has now been
completed. The past few months have shown that
the relationship between PopNet and DD SYNERGY
contains valuable synergy potential for the
future, especially in their product and service
ranges, the expertise of their employees, their
customer bases, and their corporate cultures.
The fact that the two firms already occupy the
same office building complex will facilitate
the integration of DD SYNERGY into the PopNet
Group substantially. There will thus be
practically no expenditure on relocation.
Together, the two Hamburg-headquartered
companies will form the basis for one of the
country’s foremost e-business centers.
For investors:
Janice Buchholtz, Head of Investor Relations,
Tel: +49 (0)40-27827-269, Fax: +49 (0)40-27827-199,
eMail: j.buchholtz@popnet.de
For the media:
Kathrin Heider, Head of Corporate Communications,
Tel: +49 (0)40-27827-149, Fax: +49 (0)40-27827-199,
eMail: k.heider@popnet.de
Internet: www.popnet.de / www.dd.synergy.de
End of Message
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