DGAP-News: mutares AG: Agreement with Dixons Retail for the acquisition of PIxmania signed
(firmenpresse) - DGAP-News: Mutares AG / Key word(s): Acquisition
mutares AG: Agreement with Dixons Retail for the acquisition of
PIxmania signed
02.10.2013 / 14:11
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mutares AG ('mutares'), and Dixons Retail, Europe's leading specialist
electrical multi-channel retailing and services company, announce that,
having completed consultations with the relevant works councils, both
companies have now signed the agreement for the sale of PIXmania S.A.S to
mutares A.G, a German listed industrial holding company.
As part of its purchase of PIXmania, mutares has developed a robust plan to
build on PIXmania's pure play e-commerce operations as well as to further
develop its market-leading software platform. Completion of the transaction
is expected to take place by the end of December 2013 after all conditions
such as the approval of the relevant competition authorities have been met.
Commenting on the transaction, Aurélien Fauvel, head of mutares France,
said:
'I am very pleased that we are now able to proceed with this transaction
following our very positive discussions with employee representatives. We
firmly believe that PIXmania can achieve long term success and can look
forward with confidence.'
Commenting on the transaction, Sebastian James, Group Chief Executive of
Dixons, said:
'I am delighted that we have been able to conclude consultations with the
works councils so swiftly. This is testament to the strength of the plans
that mutares has for the business, and to the vision that they were able to
share with our colleagues at Pixmania. I believe that the company can now
look forward to a robust future, and I look forward to watching it flourish
under new ownership.'
For further information
Susanne Staudt
Investor Relations&Corporate Communications, mutares
+49 89 9292776-0
David Lloyd-Seed
IR, PR&Corporate Affairs Director, Dixons Retail
+44 1727 205065
Hannah Collyer
Head of Media Relations, Dixons Retail
+44 1727 203041
Tom Burns/Helen Smith
Brunswick
+44 20 7404 5959
Information about Dixons Retail
Dixons Retail is one of Europe's leading specialist electrical retailing
and services groups, employing 35,500 people in 14 countries. More than 100
million customers shop with us every year, online and in our c.1,100
stores.
Dixons Retail has built a successful and sustainable multichannel approach
to electrical retailing. Focused on the customer, the business offers a
comprehensive range of after sales services, including support from
Knowhow, the UK's leading provider of technology solutions, support,
expertise and repairs. Business-to-business services are provided through
PC World in the UK. As market leader in the Nordics, the business enjoys a
superb reputation for first class customer service, a cost effective supply
chain, strong retail sites across four countries and great supply
relationships.
Dixons Retails' brands include Currys, PC World and Knowhow in the UK and
Ireland. Customers shop with Elkjøp, El Giganten, Giganti, Lefdal and
Knowhow in the Nordic countries, UniEuro, PC City and No Problem in Italy,
Kotsovolos in Greece, ElectroWorld in central Europe, and Pixmania.com
across Europe. Aiming to deliver an unbeatable combination of Value, Choice
and Service, the company is proud to stand shoulder-to-shoulder with
millions of customers whilst delivering a trulymultichannel shopping
experience.
For more information about Dixons Retail plc, please visit
www.Dixonsretail.com
Follow us on Twitter: (at)DixonsRetail
Information about mutares AG
mutares AG is an industrial holding company that focuses on acquiring
companies in special situations, with the goal of providing in-depth
operational support to its portfolio companies thus positioning them for
long-term profitable growth. Entrepreneurship is the core of mutares'
business approach. This is reflected by a clear openness for unconventional
solutions as well as our strong personal engagement and reliability.
mutares prefers to invest in companies that have an established and proven
business model combined with a strong brand. Management and employees of
mutares' portfolio companies are key to the change process in their
organization as the Group's success is dependent on their qualifications
and engagement. Only by working together with the local teams can mutares
create meaningful value.
For more information about mutares AG, please visit
www.mutares.de/company/en
End of Corporate News
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02.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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233061 02.10.2013
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Datum: 02.10.2013 - 14:11 Uhr
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News-ID 302129
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