XING AG (O1BC/ISINDE000XNG888) is acquiring all shares in Aschaffenburg-based Intelligence Competence Center (Deutschland) AG with economic effect from 1 January 2015. Among other things, Intelligence Competence Center AG operates the www.jobbörse.com website, which is the largest jobs search engine in German-speaking countries with over 2.5 million job ads. In doing so, XING is also gaining access to Jobbörse.com’s search technology, which currently searches around 15 million domains, including more than 1.5 million corporate sites. XING AG is initially paying approximately EUR 6.3 million for 100% of the shares to all of the shareholders. Depending on the achievement of operating targets for 2015 and 2016, the main shareholder and founder of Intelligence Competence Center AG may receive additional purchase price payments of up to EUR 2.4 million by February 2017.
Thomas Vollmoeller, XING AG CEO, said: “We’ll be able to offer our users far more and a greater range of job ads. This will boost our members’ chances of finding the right job for their lifestyle. On top of that, non-members will benefit from XING Jobs.”
| Client: | Xing AG |
| Industry: | Business Services |
| Assignment: | Buyside |
