BIODATA Information Technology AG
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Biodata Systems Acquires Company Subsidiary
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Biodata Systems Acquires Company Subsidiary
Worldwide sales rights for communications and network technology.
Lichtenfels, 20 March, 2002. – The insolvency administration of Biodata
Information Technology AG today reported it sold the company subsidiary
“Biodata Information Technology North America Inc.” to “Biodata Systems
GmbH”. Under the terms of the agreement, Biodata Systems has bought all the
shares of the US company holding offices in New York, NY, and Berkeley, CA.
Both parties agreed to keep silence in regard to the purchase price.
Biodata Systems GmbH with 50 employees in Frankenberg (Germany) now holds
worldwide exclusive sales rights of the Biodata communications and network
security products. The Berkeley office near San Francisco, CA, was
established in 1998, while the New York subsidiary started its operative
business in the year 2000. All the service and support agreements in the US
are said to be continued.
Editorial Contact:
Biodata Information Technology AG
Burg Lichtenfels
35104 Lichtenfels
Tel. +49 (0) 6454 / 9120-0
Fax +49 (0) 6454 / 9120-180
Dithmar Westhelle Assenmacher Zwingmann
Wilhelmshöher Allee 270
34131 Kassel
Tel. +49 (0) 561 / 3166-0
Fax +49 (0) 561 / 3166-312
end of ad-hoc-announcement (c)DGAP 20.03.2002
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WKN: 542270; ISIN: DE0005422703; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
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202019 Mär 02
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