14.05.2013 getgoods.de AG  DE0005560601

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. --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------