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    IUR   DE0006208408

KAP AG

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KAP : expects higher book profit as a result of the sale of it-novum GmbH

06/29/2021 | 09:56am EDT
06/29/2021 15:38 CET

Publication of insider information pursuant to Art. 17 MAR

Fulda, 29 June 2021 - Mehler AG, a wholly-owned subsidiary of KAP AG, today concluded an agreement with a group company of Allgeier SE on the sale of the subsidiary it-novum GmbH. The purchase price (enterprise value) is around €22 million and results in a multiple of 9.5 on normalised EBITDA. The sale of it-novum GmbH also concludes the separation from the it/services segment. The sale will result in higher book profit for KAP AG.

The listed Allgeier SE is one of the large German full-service providers for IT and software services with its own software solutions. Allgeier intends to sustainably develop the business of it-novum GmbH on a long-term basis in the next few years.


Contact:

KAP AG
Kai Knitter
Head of Investor Relations & Corporate Communications
k.knitter@kap.de
+49 661 103 327

Disclaimer

KAP AG published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 13:55:14 UTC.


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