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DGAP-Adhoc: Amadeus FiRe AG acquires 100% of the shares in GFN AG

eqs_en 
0 0 14.09.20
DGAP-Adhoc: Amadeus FiRe AG acquires 100% of the shares in GFN AG: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24088/Amadeus_Fire_logo.svg.png
 

DGAP-Ad-hoc: Amadeus FiRe AG / Key word(s): Takeover
Amadeus FiRe AG acquires 100% of the shares in GFN AG

14-Sep-2020 / 20:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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.
Archive at www.dgap.de
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

1131421  14-Sep-2020 CET/CEST

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Amadeus FiRe AG Stock

€93.30
0.000%
The Amadeus FiRe AG price is unchanged compared to yesterday.
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.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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