DGAP-Adhoc: Amadeus FiRe AG acquires 100% of the shares in GFN AG
DGAP-Ad-hoc: Amadeus FiRe AG / Key word(s): Takeover
Amadeus FiRe AG (ISIN DE0005093108) today concluded a purchase agreement for 100% of the shares in GFN AG, Heidelberg. GFN is a training provider focussing on the market of subsidised adult education and is primarily specialised in IT functions. In 2020 GFN is expected to achieve sales of around 25 million Euros with a neutral operating result. The purchase price is around 6 million Euros.
The Management Board is convinced that GFN will be able to develop on a sustainable profitable basis, among other things by leveraging the high market-specific system and process competence in the continuing education segment of the Amadeus FiRe Group. Furthermore, the acquisition is a next step in addressing the shortage of qualified personnel in the area of personnel services, especially in IT functions.
14-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Amadeus FiRe AG |
Hanauer Landstraße 160 | |
60314 Frankfurt | |
Germany | |
Phone: | +49 (0)69 96876 - 180 |
Fax: | +49 (0)69 96876 - 182 |
E-mail: | [email protected] |
Internet: | www.amadeus-fire.de |
ISIN: | DE0005093108 |
WKN: | 509310 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1131421 |
End of Announcement | DGAP News Service |
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1131421 14-Sep-2020 CET/CEST
Amadeus FiRe AG Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Amadeus FiRe AG.
As a result the target price of 150 € shows a very positive potential of 60.77% compared to the current price of 93.3 € for Amadeus FiRe AG.