Mountain Alliance AG Significantly Strengthens Its Own Portfolio With The Acquisition Of Mountain Technology AG And Further Expands Its Market Position
Mountain Alliance AG (MA, ISIN DE000A12UK08) continues to pursue its strategy of becoming a leading investor for digital companies. As part of the already intensified cooperation with the majority shareholder Mountain Partners AG, Mountain Alliance has acquired 100% of the shares of Mountain Technology AG following the acquisition of Mountain Internet AG in October 2017. The expansion of the own investment portfolio will be carried out by means of a non-cash capital increase.
This acquisition will expand the Mountain Alliance portfolio by six companies, including investments in well-known and promising companies such as Exasol, a specialist for in-memory databases, movingimage, a provider of secure enterprise video management solutions, and mixxt, a provider of specialized intranet applications.
“The companies of Mountain Technology AG will complement our existing portfolio in the best possible way and take it to a new level. We see interesting intersections between the various investments. Step by step, we are implementing essential measures of our strategy and continuously reaching important milestones on our way to becoming a leading investor for digital companies”, says Daniel Wild, CEO of Mountain Alliance AG.
As part of the acquisition of Mountain Technology AG from Mountain Partners AG, Mountain Partners AG’s stake in Mountain Alliance AG increases from 50.1% to 66.9%. In the course of a non-cash capital increase, the share capital will be increased by EUR 2,010,390.00 from EUR 4,035,330.00 to EUR 6,045,720.00 by issuing 2,010,390 new shares, excluding shareholders’ subscription rights. The new shares were fully subscribed by Mountain Partners AG in a private placement, which in return will transfer all 100,000 shares in Mountain Technology AG to Mountain Alliance AG.
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