F24 AG
F24 AG: F24 AG acquires Dolphin Systems AG
DGAP-News: F24 AG / Key word(s): Takeover F24 AG acquires all shares of Dolphin Systems AG Munich, Germany, 15 April 2016. F24 AG (Securities ID: A12UK2) has acquired 100% of shares in Swiss company Dolphin Systems AG, the specialists in alerting and messaging solutions based in Wollerau near Zurich. The acquisition was completed today. It consolidates F24 AG’s position among European market leaders in the field of high-security notification, alerting and crisis management solutions. F24’s customer roster currently spans over 600 prestigious companies throughout the world. The acquisition of Dolphin Systems AG will boost this customer base to around 850 key accounts. In addition, the deal will enable F24 to expand its product portfolio and strengthen its activities, particularly in the field of messaging. Both companies will benefit from enhanced market access in over 70 countries. The headcount at F24 Group will rise to a total of almost 80 worldwide, including employees of Dolphin Systems AG. By combining the strengths of both companies, the acquisition will generate dynamic sales growth and enhance scope for creating innovations. “We’re delighted that Switzerland’s premier provider of notification, alerting and messaging solutions is now part of the F24 Group”, says Ralf Meister, CEO of F24. “We are particularly happy that the company’s founders and shareholders are remaining on board. This will enable us to continue expanding our growth opportunities and consolidating the F24 Group’s status and premium character in Europe.” The transaction was financed by a combination of 45% equity capital and 55% from a loan by the bank Kreissparkasse München. In 2015, sales by Dolphin Systems AG totalled the equivalent of approx. EUR 6.5 m, with an EBITDA margin of approx. 18%. Dolphín Systems will be fully consolidated into the F24 Group, pro forma with effect from 1 January 2016. The acquisition will almost double F24’s total sales. Profitable double-digit growth is anticipated for the Group in the future.
About F24 Group: Founded in Munich in 2000, F24 today provides support for over 600 companies and organizations around the world with the assistance of its four international subsidiaries in the UK, France, Spain and the Czech Republic and its network of sales partners. The Group is Europe’s premier provider of software as a service (SaaS) in the field of notification, alerting and crisis management. Its clients come from almost all fields across the board, spanning Energy and Industry, Health and Pharma, Transport and Logistics, Trade, Commerce, Banks and Insurance and IT and Communications, and including numerous public-sector organizations. F24 recently expanded its service portfolio further by founding the subsidiary TrustCase GmbH, a high-security mobile communication and collaboration platform. About Dolphin Systems:
2016-04-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | F24 AG | |
Isarwinkel 14 | ||
81379 München | ||
Germany | ||
Phone: | +49 (0)89 2323638-0 | |
Fax: | +49 (0)89 2323638-6 | |
E-mail: | IR@f24.com | |
Internet: | www.f24.com | |
ISIN: | DE000A12UK24 | |
WKN: | A12UK2 | |
Listed: | Regulated Unofficial Market in Berlin, Munich (m:access), Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |