PIRONET NDH has sold agentes AG

Cologne, (PresseBox) - In the wake of its announced strategic measures to enhance the income and accordingly to secure the liquidity situation as the ad hoc release from March 25th proffered the possibility PIRONET NDH Group sold the agentes AG within an asset deal successfully. Purchaser of the entire business operations of agentes AG is the current management.

The company which is specialized in IT services for the financial sector and which effectuated significant operating losses was sold for a purchase price of 1 EUR plus an earn-out in dependence of a 3-year EBIT - which will have an effect in 2012 after the end of the current corporate restructuring. In this context the PIRONET NDH Group grants liquidity assistance supporting the business continuation. Until its sale agentes AG was an essential part of the segment Finance IT Services, which will be accounted for as discontinued operations at the end of fiscal year 2010.

PIRONET NDH AG

PIRONET NDH AG offers the market a unique portfolio of solutions for handling digital content and data. This includes consultancy, software, integration and outsourcing services. PIRONET NDH AG is a corporate group that brings together four companies specializing in the different business areas ICT outsourcing, consulting and design, content management solutions as well as IT-solutions for the retail/CPG industry. PIRONET NDH AG was founded in 1995 and is based in Cologne. Since 2000, it has been listed on the German stock exchange. The Group of companies employs more than 400 people working in 20 different countries and posted sales figures of around 55 million euros in the last financial year (2010).

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