windeln.de AG: windeln.de takes over Spanish online shop ‘bebitus’

 In Ad-hoc releases
windeln.de AG  / Key word(s): Acquisition/Expansion

10.08.2015 23:20

Dissemination of an Ad hoc announcement according to ยง 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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windeln.de takes over Spanish online shop "bebitus" 

Through the acquisition, windeln.de enters the Spanish, Portuguese and French Market

Munich, 10 August 2015. Windeln.de AG, one of the leading online retailers for baby and children products in Germany, Austria, Switzerland, Italy, the
Czech Republic, Slovakia and Poland as well as for customers in China concluded an agreement regarding the full acquisition of Bebitus Retail S.L
("bebitus") today.

Bebitus is a fast growing online retailer for baby and toddler products based in Barcelona. Customers in Spain, France and Portugal are served via
the websites of bebitus. In 2014, bebitus generated revenues of approximately 7 million EUR - mostly in Spain. For 2015, revenues of approximately 15 million EUR are expected.

The cash purchase price to be paid to the shareholders of bebitus at closing of the transaction amounts to approximately 5 million EUR. In addition, the parties agreed to make additional performance-based purchase
price payments which are subject to bebitus reaching certain revenue targets each year until 2017. For example, if bebitus' revenues increased annually by 75% until 2017, the total purchase price would be approximately
0.8x of 2017 revenue. The majority of the performance-based purchase price will be paid by issuing new shares out of windeln.de's authorized capital.

The acquisition is subject to customary closing conditions. It does not require the approval from regulatory or antitrust authorities.

Press contact 
Amelie Heinz
Phone: +49 (89) 41 61 71 52 75
E-Mail: presse@windeln.de


10.08.2015 The DGAP 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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Language:     English
Company:      windeln.de AG
              Hofmannstr.51
              81379 Munich
              Germany
Phone:        089 / 416 17 15-0
Fax:          089 / 416 17 15-11
E-mail:       investor.relations@windeln.de
Internet:     www.windeln.de
ISIN:         DE000WNDL110
WKN:          WNDL11
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
              Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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