E-commerce Service Company Docdata Acquires Activities of Dohmen Solutions Group in Germany
By Docdata N.v., PRNESunday, April 11, 2010
WAALWIJK, The Netherlands, April 12, 2010 - The Management Board of DOCDATA N.V. announces that its subsidiary
Docdata Germany GmbH has signed a final agreement to acquire all activities
of the Dohmen Solutions Group in Germany. This agreement will be implemented
on 16 April 2010 and encompasses the acquisition of clients, personnel and
certain assets, mainly stocks and an extensive back office IT-system. The
total purchase price of the acquired activities, which will not be disclosed,
will be fully paid in cash. The management of Docdata expects these
activities to contribute a minimum of EUR 10 million to revenue on a yearly
basis.
The purchase agreement has been signed with the administrator of Dohmen
Solutions, as the holding company Dohmen Solutions GmbH & Co. KG and most of
its subsidiaries went into receivership per 6 March 2010. The administrator
has negotiated intensively the last weeks with several interested parties
regarding carrying on the activities of Dohmen Solutions. Finally Docdata was
chosen by the administrator as the best party to pursue a deal with and was
proposed as the buyer. After the creditors accepted the proposal of the
administrator, the purchase agreement could be signed by the administrator
and became final.
Dohmen Solutions is an important player in the e-commerce services market
in Germany and has a client base with well known clients. Presently the
clients are being serviced from three locations in Southern Germany, in the
vicinity of Munich, and from one location centrally located in Germany, in
Eschwege. Docdata has the intention to keep three locations operational and
will implement a reorganisation in order to increase the efficiency. All more
than 200 employees of Dohmen Solutions will be offered a new employment
contract with Docdata in Germany. The management of Docdata expects that the
acquired activities will only add to the profit of Docdata in 2011 and that
in 2010 substantial costs will be incurred in order to increase the
efficiency and reduce the cost base of the acquired activities.
Michiel Alting von Geusau, CEO of DOCDATA N.V.: "This purchase fits well
in our strategy 'Vision 2012: Flywheel to Growth', where the development of
the e-commerce service company Docdata in Germany has been defined as a
spearhead of our enterprise. Dohmen Solutions has an excellent client base
and an extensive service portfolio, partly due to the well developed back
office IT-system that we will further develop in the coming years. For the
employees of Dohmen Solutions the acquisition means an end to a very
unsettling period. We have encountered in recent weeks a positive workforce
within Dohmen Solutions that has a lot of knowledge and is willing to work
hard for the clients. I welcome them in our company and look forward to a
very successful corporation."
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The listed DOCDATA N.V. exists of two lines of business:
E-commerce service company Docdata (www.docdata.com) is a European
market leader with a strong basis in The Netherlands, Germany and the United
Kingdom, and exists of four services:
- Docdata commerce - Docdata payments - Docdata fulfilment - Docdata media
Technology company IAI industrial systems (
www.iai-industrial-systems.com) is a high tech engineering company
specialised in developing and building systems for very accurate and high
speed processing of all kinds of products and materials. IAI delivers clients
globally in the following sectors:
- securing and personalising of security documents - processing of solar cells and modules - processing of other materials and products Corporate website: www.docdatanv.com
Further information: DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31-416-631-100
Tags: April 12, docdata N.V., Germany, Netherlands, The Netherlands, Waalwijk