DGAP-News: TOMORROW FOCUS AG sells TOMORROW FOCUS Technologies GmbH
(firmenpresse) - DGAP-News: TOMORROW FOCUS AG / Key word(s): Disposal
TOMORROW FOCUS AG sells TOMORROW FOCUS Technologies GmbH
11.10.2013 / 08:30
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Corporate News
TOMORROW FOCUS AG sells TOMORROW FOCUS Technologies GmbH to TIE Kinetix
N.V.
Munich, Germany, 11 October 2013 - Reflecting its strategy to focus on B2C
business models, TOMORROW FOCUS AG has decided to sell its entire stake in
the Munich-based digital technology and creative services agency TOMORROW
FOCUS Technologies GmbH (TFT GmbH) to the Dutch firm TIE Kinetix N.V. with
effect from 2 December 2013.
The agreement includes plans for a long-term collaboration between the
parties to the contract. There are not expected to be any redundancies, and
the company will retain its premises in Munich.
As a full-service agency for web business performance and a pioneer in the
field of user experience, Munich-based TFT GmbH provides e-commerce
strategies, consulting services and managed hosting solutions. It serves a
number of high-profile customers such as blick.ch, swisscom, wetter.com,
FOCUS Online and HolidayCheck. The company currently has around fifty
employees. In the financial year 2012, TFT generated revenue of EUR 8.2
million.
The Dutch firm TIE Kinetix N.V. is an international provider of integrated
e-commerce solutions. It already has a significant market presence in the
Netherlands and the United States. The acquisition will strengthen its
position in the German e-commerce market and in other European countries.
Together with TFT, TIE Kinetix now plans to generate further sustainable
growth. It will take over the entire workforce at TFT and benefit from the
expertise of the employees. Erik Jan Hengstmengel will retain his position
as Managing Director at TFT GmbH, and the company will remain based in
Munich. At the same time, the two parties to the contract signed a
long-term framework agreement designed to maintain the successful
collaboration between them.
In line with its Strategy 2018, which it adopted at the beginning of this
year, TOMORROW FOCUS AG will now focus on its core competencies in the B2C
field, including online business models such as ElitePartner, FOCUS Online,
HolidayCheck and jameda. To this end, it intends to pursue a consistent
strategy of organic growth and acquisitions in order to expand its
successful travel and online advertising business. A further element of its
strategy involves creating a third income-generating pillar.
The parties have agreed not to release details of the price paid. The
takeover still has to be formally approved by the shareholders of TIE
Kinetix N.V. at their extraordinary general meeting on 27 November 2013.
Commenting on the deal, TOMORROW FOCUS AG's CEO Toon Bouten explained: 'As
part of our Strategy 2018 we decided to concentrate on our successful B2C
business models and on their further expansion. With that in mind, we took
great care in our search for an experienced and well-known partner for TFT
GmbH - one that can take the company forward on a sustainable path and
ensure that it has a successful future. We believe TIE Kinetix is that
ideal partner. At the same time, we are delighted at the prospect of
maintaining the close and trusting relationship we have had with TFT and of
working with and benefiting from the expertise of TIE Kinetix.'
Jan Sundelin, CEO at TIE Kinetix N.V. was equally enthusiastic: 'At
present, TIE Kinetix is focused on building up partnerships in the European
media publishing sector. Our acquisition of TFT GmbH gives us a strong
e-commerce and content management partner in the B2B field. For us, that is
a vital step on our way to providing customers with the best global
e-commerce and content management solutions. TFT GmbH fits perfectly into
our corporate strategy. TFT's know-how in terms of user experience and
hosting are an ideal complement to our own business model.
We are confident that the resulting synergies will translate into increased
revenue and a wide range of innovative services and product solutions at
both companies.'
About TFT
The Munich-based digital technology and creative services agency TOMORROW
FOCUS Technologies (TFT) studies its customers' web business performance
from a 360 perspective, with a focus at all times on the user. As well as
offering high-performance managed hosting solutions, TFT develops and
implements innovative e-commerce strategies. It creates intuitive and
highly profitable web portals that deliver outstanding performance,
stability and security. As a full-service agency, TFT is a pioneer in the
field of user experience.
About TOMORROW FOCUS AG
TOMORROW FOCUS AG (ISIN DE005495329) is based in Munich, Germany, and is
one of the leading exchange-listed Internet groups in Germany. The Group
has a workforce of around 700, and its business operations are divided into
three segments: Transactions, Advertising and Technologies.
The Transactions segment includes HOLIDAYCHECK AG, which operates a number
of hotel reviews and travel booking portals by the same name; WEBASSETS
B.V., which operates the ZOOVER hotel reviews portals and the
METEOVISTA/WEERONLINE weather portals; TOMORROW TRAVEL B.V., which operates
the Dutch online travel agent TJINGO; RPC VOYAGES SAS, which operates the
French online travel agent ECOTOUR; ELITEMEDIANET GmbH, which operates the
premium online dating agency ELITEPARTNER; and JAMEDA GmbH, which operates
the physician ratings portal JAMEDA.de.
The Advertising segment includes TOMORROW FOCUS MEDIA GmbH, one of the
leading German online marketing providers, which markets numerous
well-known portals on behalf of business partners in addition to those
operated by the TOMORROW FOCUS Group itself, such as the news and utility
journalism site FOCUS Online, the German edition of the news and engagement
platform THE HUFFINGTON POST, the finance and stock market Information
portal FINANZEN100 and the parent portal NETMOMS.
About TIE Kinetix N.V.
TIE Kinetix is an international provider of integrated e-commerce
solutions. Based in the Dutch town of Breukelen, it has been developing
certified and award-winning cloud- and licence-based solutions for over
twenty-five years. The company has offices in Australia, Austria, France,
Germany, the Netherlands, Spain, Switzerland, the United Kingdom and in the
USA.
Media and Investor Relations contact:
TOMORROW FOCUS AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone +49 (0)89 9250 1256
fax +49 (0)89 9250 2403
email a.blohmann(at)tomorrow-focus.de
www.tomorrow-focus.de
http://twitter.com/tomorrowfocus
http://facebook.de/tomorrowfocus
http://youtube.com/tomorrowfocus
End of Corporate News
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11.10.2013 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.
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Language: English
Company: TOMORROW FOCUS AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: a.blohmann(at)tomorrow-focus.de
Internet: www.tomorrow-focus.de
ISIN: DE0005495329
WKN: 549532
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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