14.05.2013
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DGAP-News: getgoods.de AG acquires wholesaler xgsm.com
getgoods.de AG / Key word(s): Acquisition/Strategic Company Decision
14.05.2013 14:14
Dissemination of a Corporate News, transmitted by DGAP - a company of
EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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getgoods.de AG acquires wholesaler xgsm.com
- Entry into wholesale business
- Additional distribution channel optimally complements retail business
Frankfurt Oder, 14 May 2013 - With approval from its Supervisory Board, the
online retailer getgoods.de AG has acquired the wholesaler and retailer
xgsm.com. This company has been marketing IT and telecommunications
products to international wholesalers since 2007. Building on the robust,
long-term structures and extensive experience that the company can
contribute, getgoods.de AG intends to round off its own offering with an
additional distribution channel (B2B). getgoods.de AG stands to benefit
from this additional business activity in the longer term as well, e.g. by
selling large volumes of residual stock in single batches. The parties have
agreed to maintain confidentiality concerning the purchase price.
xgsm.com GmbH generated sales of Euro 75 million, mostly from its
international wholesale business, in the past fiscal year. Comments Markus
Rockstädt-Mies, CEO of getgoods.de AG with regard to the company
acquisition: 'This additional business model will offer us even greater
flexibility to maintain our growth in future. We will start integrating the
company without delay and implement steps immediately to achieve further
growth and ensure successful cooperation.'
Further information about the company, its management and share can be
found on the website for investors at www.getgoods.ag
IR contact:
Dorothea Schneider
Stockheim Media GmbH
Tel: +49 (0)89 200 345 83
E-mail: [email protected]
About getgoods.de AG:
getgoods.de AG is a leading operator of online platforms in the fast
growing e-commerce market. The products focus is on mobile phones, smart
phones, telephones and notebooks as well as on consumer electronics and
white goods. Additionally, the company provides kids toys, leisure ware and
hardware goods. With online shops, such as www.getgoods.de, www.hoh.de, or
www.handyshop.de as well as presence points at Amazon and ebay the company
covers a wide range within its portfolio. getgoods.de AG is located in
Frankfurt/Oder an Berlin with approximately 200 employees.
14.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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