QSC concludes INFO AG merger earlier than anticipated
- All outstanding INFO AG shares acquired
- Merger of INFO AG with QSC subsidiary now in effect
- Stronger integration to commence as early as second half of 2012
Cologne, July 17, 2012. The merger of INFO Gesellschaft für Informationssysteme AG ("INFO AG") with wholly-owned QSC subsidiary INFO Gesellschaft für Informationssysteme Holding AG ("INFO Holding") went into effect today following official registration in INFO Holding's commercial register. INFO AG in its previous form is thus now defunct and has become a part of INFO Holding. At the same time, all shares held by minority INFO AG shareholders have been transferred to INFO Holding by cash settlement. It is expected that the stock exchange listing for shares of INFO AG will soon be terminated. INFO Holding will continue to operate the previous company and to use the INFO AG brand name.
The merger will simplify collaboration within the QSC Group. The company will already be able to begin implementing measures aimed at greater integration as early as the third quarter of 2012, although they had originally been scheduled for the first quarter of 2013. These measures include centralization of purchasing operations, consistent steering of the ICT infrastructure, as well as cross-locational consolidation of customer management activities. Moreover, this will also streamline the organizational structure of the QSC Group and establish consistent management structures in such areas as Finance, Marketing and Human Resources.
QSC Chief Executive Officer Dr. Bernd Schlobohm notes: "The conclusion of the merger will give us significantly greater freedom of action. We will now be able to do an even better job of bundling the know-how that exists at all of our companies and in all of our operations in the interest of our customers. At the same time, we'll be accelerating processes on an intercompany basis in the coming quarters, thus further enhancing our efficiency."
Cologne-based QSC AG offers small and mid-size enterprises an extensive range of ICT services - from telephony, data transfer, Housing and Hosting right through to IT Outsourcing and IT Consulting. With its companies INFO AG, a full-line provider of IT services headquartered in Hamburg, and IP Exchange, a Housing and Hosting specialist headquartered in Nuremberg, the QSC Group numbers among the leading mid-size providers of ICT services in Germany. QSC offers custom-tailored Managed Services for individual ICT needs, as well as a comprehensive product portfolio for customers and marketing partners that can be modularly adapted to suit the communications and IT needs in question. QSC offers its services on the basis of its own Next Generation Networks (NGN) and operates an Open Access platform, which unites a wide range of broadband technologies. QSC AG employs a workforce of some 1,400 people and is listed on the TecDAX index.