DCI Database for Commerce and Industry AG
ots Ad hoc-Service: DCI AG <DE0005295307> DCI AG to acquire its British competitor, ace-quote.com Ltd. E-commerce portal expands into Great Britain
Starnberg, Germany (ots Ad hoc-Service) -
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The Executive Board of DCI Database for Commerce and Industry AG, Germany's leading online trading platform for IT/telecom products, today announced the acquisition of the British e-commerce company, ace-quote.com Limited. The acquisition has already been backed by the DCI AG Supervisory Board and will give DCI AG access to the second- largest e-commerce market in Europe. The move is part of DCI AG's strategic internationalisation drive. Based in Cardiff/Wales, ace-quote.com operates the largest IT/telecom trading platform in Great Britain, acting in the same way as DCI AG as a broker between supply and demand in the B2B sector.
The acquisition will be partly financed through DCI AG shares on the basis of a share capital increase yet to be finalised. It is anticipated that all formalities, approval at the AGM included, will be completed and the take-over effective by the middle of August.
The new DCI AG subsidiary will continue to operate under its current name to capitalise on the reputation and visibility of ace-quote.com in Great Britain. Gary Munz, founder and Managing Director of ace-quote, will continue to manage the 35-member ace-quote team.
ace-quote.com entered the e-commerce market in June 1999. It rapidly established itself as the leading B2B online platform for buyers and sellers of IT/telecom products in GB by leveraging a business model similar to that developed by DCI AG.
For more information on DCI AG: DCI Database for Commerce and Industry AG Public and Investor Relations Eva Weber Enzianstr. 6 82319 Starnberg Germany
Telephone +49 / 81 51/2 65-3 63 Fax +49 / 81 51/2 65-5 01 E-mail presse@dci.de; investorrelations@dci.de Internet: www.dci.de or www.webtradecenter.de
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Original-Content von: DCI Database for Commerce and Industry AG, übermittelt durch news aktuell