Knorr Capital Partner AG
Knorr Capital Partner AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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– KNORR CAPITAL PARTNER AG increases its interest in Munich-based IT-Adventure
AG from 15.4 to 100 percent; new investment in the Netherlands
Munich, July 16th, 2001 – The consulting and venture capital company Knorr
Capital Partner AG (SIN: 768 612) has acquired all outstanding shares from IT-
Adventure AG’s existing sharehold-ers by means of a share swap. The shares
issued are subjected to a lock-up period of up to one year. Knorr Capital
Partner has also further expanded its international portfolio by acquiring a 10
percent interest in VAI B.V., the Veenendaal-based Dutch software developer.
IT-Adventure AG, which is domiciled in Munich, has minority interests in new
technology-driven firms providing products and services, predominantly in
software, telematics, logistics and related sectors. IT-Adventure also offers a
network of established companies and entrepreneurs which provide young growth
companies with advice and concrete help, expertise, business con-tacts and
practical support.
The five companies currently in IT-Adventure AG’s portfolio will be integrated
with Knorr Capital Partner AG’s portfolio to optimize synergy effects.
In addition, Knorr Capital has acquired an interest of approximately 10 percent
in VAI B.V., a high-growth company which develops and markets the facility
management of complex IT structures. Companies can use VAI’s ID-Suite software
product to optimize their infrastructure for processing all their information
and communications, which can cut annual costs by up to 40 percent. VAI
recorded net sales totaling EUR 7.5 million in the past fiscal year and expects
further growth with strong profits within this year.
For more information, please contact
Karsten Busche; KNORR CAPITAL PARTNER AG; Rueckertstrasse 1, 80336 Munich
Germany; Tel: +49 (0) 89 54 35 6-0; Internet: www.knorrcapital.com
end of ad hoc announcement (c) DGAP 16.07.2001
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WKN: 768612; Index: SDax
Listed: Amtlicher Handel in Frankfurt (SMAX), München; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart
160754 Jul 01
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