12 December 2017
visit www.solutions.lexisnexis.com

G&D buys secunet stake

10 July 2009  |  1499 views  |  0 Source: Giesecke & Devrient

Majority shareholder Giesecke & Devrient (G&D) is purchasing a share package of 26.4 percent in secunet Security Networks AG from RWTÜV AG.

G&D and RWTÜV AG have agreed a price of EUR 5.70 per share, amounting to a total of EUR 9.8 million. G&D will therefore hold a 76.4-percent stake in secunet Security Networks AG. In conjunction with this acquisition, G&D is announcing a voluntary public offer to the remaining shareholders for purchase of the remaining shares at the same price of EUR 5.70 each.

RWTÜV AG has decided to sell its minority stake of 26.4 percent in secunet Security Networks AG, headquartered in Essen, Germany, in accordance with the preferential purchase rights held by G&D. At the same time, G&D will be extending an offer to the remaining shareholders for the rest of the secunet shares, currently in free float.

secunet is a specialist in high-security IT solutions, with international enterprises and public authorities among its customers. IT security technology is a strategic business field for G&D. Acquiring this share package will allow the Munich-based company to strengthen its foothold and continue expanding its excellent market position in this segment.

G&D acquired the majority stake of 50 percent plus one share in February 2004 from RWTÜV AG and T-Systems. Since then, secunet Security Networks AG has performed extremely well, generating sales of around EUR 52 million last fiscal year.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit http://info.nice.comvisit www.solutions.lexisnexis.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18681 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11598 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8163 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6879 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6264 views comments | 19 tweets | 10 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job