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Wirecard AG to Acquire PT Prima Vista Solusi


Thursday, 16 Aug 2012 05:14am EDT 

Wirecard AG announced that on August 16, 2012, the Company has agreed to purchase all shares in PT Prima Vista Solusi (PrimaVista), headquartered in Jakarta, Indonesia, from its shareholders. The considerations in connection with this transaction comprise cash payments in an amount of approximately EUR 39.7 million and earn out-components of up to approximately EUR 4.7 million, dependent on the operational profit of the acquired company in the years 2012 to 2014. The closing of the transaction can be expected in the fourth quarter of 2012, subject to the approval of the relevant authorities in Indonesia. The founder and main shareholder of PrimaVista will remain in the management team. 

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