DGAP-News: EQS Group AG / Key word(s): Acquisition
EQS Group AG acquires Business Keeper GmbH
EQS Group AG (ISIN: DE0005494165) acquires 100 percent of the shares in Business Keeper GmbH, based in Berlin. The agreement to acquire the SaaS provider for whistleblowing and compliance was signed today. This makes EQS Group AG the leading European cloud provider for whistleblowing systems.
The purchase price amounts to EUR 95 million (cash and debt free) and is to be paid in two tranches within 12 months. The sellers are Macquarie Capital, as well as the founder of Business Keeper and the managing director. The first tranche of EUR 80 million will be financed by EUR 10 million in cash and an acquisition loan of EUR 50 million from Commerzbank Munich. EQS Group AG also plans to carry out a capital increase of 7.5 percent of the share capital without subscription rights. The new shares will be offered to subscribers of the capital increase in February 2021. Members of the executive board and the supervisory board together with Investmentaktiengesellschaft für langfristige Investoren TGV have committed to backstop the capital increase in full at EUR 38.00 per share.
Achim Weick, CEO of EQS Group AG: "For EQS, the acquisition of Business Keeper GmbH is equivalent to the acquisition of DGAP mbH in 2005, the beginning of a success story. Our leading position as a European cloud provider for whistleblowing systems puts us in the perfect position with the implementation of the EU whistleblowing directive in the individual member states, first and foremost in Germany, the largest market."
Business Keeper GmbH was founded by Kenan Tur and is currently headed by managing director Kai Leisering. Kai Leisering will continue to hold a senior position at EQS Group AG. In addition to numerous DAX companies, Business Keeper's customer base also includes other international corporations such as Danone, Nestlé and Samsung.
Kai Leisering, Managing Director of Business Keeper GmbH: "As a pioneer in digital whistleblowing systems, we are now contributing our expertise and many years of experience in the compliance sector to EQS Group AG. The EU Whistleblower Directive offers a great opportunity to embed ethical standards in companies and promote a values-based business culture. Together with EQS Group AG, we can make an even greater contribution to the implementation of good corporate governance and sustainability in companies."
The EU Directive 2019/1937 stipulates the mandatory introduction of an internal reporting channel for companies with 250 employees or more by the end of 2021 and thereafter with 50 employees or more by the end of 2023.
Adjustment of the Guidance 2021
Preliminary outlook for 2022
New medium-term target 2025
The Executive Board will be explaining the acquisition and its impact in a video conference on Monday, 14 June 2021 from 3.00 p.m. (CET). No login credentials are required. It will be broadcast live online at https://www.webcast-eqs.com/eqs20210614. Questions can be asked using the Q&A feature (chat) beforehand or during the webcast.
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EQS Group is a leading international provider of regulatory technology (RegTech) 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.
EQS Group's products are pooled in the cloud-based software EQS COCKPIT. They ensure the professional control of compliance workflows in the fields of whistleblower protection and case management, policy management, approval management, insider list management and disclosure obligations. In addition, listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications.
EQS Group was founded in 2000 in Munich, Germany. Today the group employs more than 500 professionals and has offices in the world's key financial markets.
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11.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
EQS Group AG
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