UMT United Mobility Technology AG
UMT acquires majority in PEACHES Mobile GmbH and expands its own value chain with prelado
DGAP-News: UMT United Mobility Technology AG / Key word(s): Miscellaneous Munich, 10 May 2017 UMT acquires majority in PEACHES Mobile GmbH and expands its own value chain with prelado The focus of this acquisition is on prelado, one of the leading Internet portals for digital prepaid mobile and gift vouchers in Germany. prelado is to be integrated into the existing UMT Mobile Payment and Loyalty platform. A big advantage is the associated expansion of the own value chain in the B2C area. In future, UMT Group together with its partner, will expand prelado’s product portfolio with digital customer loyalty tools such as vouchers and coupons, and promote the international positioning. It is planned to expand the equity holding in PEACHES Mobile GmbH and the existing IP, licenses, and patents on the basis of sales as well as earnings milestones within the next 12 months. “With the acquisition of prelado, we are expanding our value chain in the area of digital payment services as a “multi-tenant” provider, thanks to the existing open source software of PEACHES Mobile GmbH. We are very pleased to have acquired one of the leading providers in this promising segment. An annual growth of 25-30 percent is expected in the digital prepaid market in Europe,” says Alexander von Franckenstein, CBDO of UMT AG. “With the expansion of the product range and the planned future internationalization, we are expecting significant synergy effects and strive to participate in the strong growth of this segment in the coming years,” Franckenstein continued. About prelado: About UMT AG: The shares of UMT United Mobility Technology AG (German Securities ID: 528610, ISIN DE0005286108) are traded on the Frankfurt Stock Exchange and are listed on the Basic Board of the Deutsche Börse AG. Contact: UMT United Mobility Technology AG
10.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | UMT United Mobility Technology AG |
Brienner Straße 7 | |
80333 München | |
Germany | |
Phone: | +49 (0) 89 20 500 680 |
Fax: | +49 (0) 89 20 500 555 |
E-mail: | info@umt.ag |
Internet: | www.umt.ag |
ISIN: | DE0005286108 |
WKN: | 528610 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Basic Board) in Frankfurt |
End of News | DGAP News Service |