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XING AG: XING acquires Intelligence Competence Center (Deutschland) AG
XING AG / Key word(s): Acquisition/Mergers & Acquisitions 22.01.2015 18:02 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- XING acquires Intelligence Competence Center (Deutschland) AG Hamburg, 22 January 2015 -- With economic effect as from 1 January 2015 XING AG (O1BC/ISINDE000XNG888) has acquired all shares in Aschaffenburg-based Intelligence Competence Center (Deutschland) AG, the operator of the largest jobs search engine in German-speaking countries, inter alia under the domain www.jobbörse.com. A corresponding purchase agreement was signed today by XING AG and all Intelligence Competence Center (Deutschland) AG shareholders. XING AG has to make an aggregate payment of approximately EUR 6.3 million to all shareholders of Intelligence Competence Center (Deutschland) AG for 100% of the shares. Depending on the achievement of operating targets for 2015 and 2016, the main shareholder and founder of Intelligence Competence Center (Deutschland) AG may receive additional purchase price payments of up to EUR 2.4 million by February 2017. 22.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: XING AG Dammtorstraße 30 20354 Hamburg Germany Phone: +49 (0)40 419 131-793 Fax: +49 (0)40 419 131-44 E-mail: investor-relations@xing.com Internet: www.xing.com ISIN: DE000XNG8888 WKN: XNG888 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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