DGAP-Ad-hoc: KAP AG / Key word(s): Disposal
KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH
29-Jun-2021 / 15:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH
Fulda, 29 June 2021 - Mehler AG, a wholly-owned subsidiary of KAP AG, today concluded an agreement with a group company of Allgeier SE on the sale of the subsidiary it-novum GmbH. The purchase price (enterprise value) is around €22 million and results in a multiple of 9.5 on normalised EBITDA. The sale of it-novum GmbH also concludes the separation from the it/services segment. The sale will result in higher book profit for KAP AG.
The listed Allgeier SE is one of the large German full-service providers for IT and software services with its own software solutions. Allgeier intends to sustainably develop the business of it-novum GmbH on a long-term basis in the next few years.
Contact:
KAP AG
Kai Knitter
Head of Investor Relations & Corporate Communications k.knitter@kap.de
+49 661 103 327
29-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
KAP AG |
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Edelzeller Straße 44 |
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36043 Fulda |
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Germany |
Phone: |
06611030 |
Fax: |
0661103830 |
E-mail: |
office@kap.de |
Internet: |
www.kap.de |
ISIN: |
DE0006208408 |
WKN: |
620840 |
Listed: |
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: |
1213155 |
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End of Announcement |
DGAP News Service |
1213155 29-Jun-2021 CET/CEST