| hotel.de AG: HRS acquires 61.6% stake in hotel.de | |||||
Nuremberg, 14 October 2011 – The founding shareholders in hotel.de AG have sold their shares in hotel.de AG, totalling 61.6%, to HRS Hotel Reservation Service GmbH, Cologne. This combination should strengthen the two companies’ market position in an increasingly competitive market climate and generate substantial synergies. Dr. Heinz Raufer, CEO of hotel.de AG: “This combination comes at exactly the right time, will boost hotel.de’s position in the global hotel portal business and provides us with a superb basis for our further development.” This partnership will also benefit booking customers, who will obtain even better prices and availability levels in future due to the sharp rise in reservation volumes, as well as being able to select their desired hotel from an even greater range of hotels worldwide. The hotels under contract, on the other hand, stand to benefit from further growth in booking volumes by corporate and private customers. hotel.de AG will continue to be managed by its existing management team as a standalone company at its existing locations and will, as planned, maintain its expansion with its hotel.de brand in Germany and hotel.info brand abroad. Dr. Stefan Morschheuser, Supervisory Board Chairman of hotel.de AG: “The Supervisory board of hotel.de is looking forward to the strategic alliance. Our brand will increase its awareness and our hotel and booking customers will gain several advantages by taking this step.” HRS this morning announced its control over hotel.de AG pursuant to § 35 of the German Securities Takeover Act (WpÜG). Further information can be found at: http://www.dgap.de/news/wpueg/kontrollerwerb-zielgesellschaft-hotelde-ag_373529_690986.htm. About hotel.de AG hotel.de AG operates a global hotel reservation service for companies and private customers at its www.hotel.de and www.hotel.info addresses. Available in 37 languages, these websites enable customers to book accommodation at more than 210,000 hotels in all categories easily, quickly and at optimal prices. More than 4 million private and business customers from all around the world now place their trust in this service to book hotels. When selecting their hotel they can refer to more than 1.5 million personal hotel evaluations. Well-known companies such as BASF, SAP AG, Texas Instruments,Ernst & Young AG and many more use hotel.de’s corporate application to book hotels for business travel. Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy (Rome), China (Shanghai) and Singapore. The company was founded in 2001 and was publicly listed in October 2006. In 2010, the company mediated reservation volumes in excess of Euro 390 million. |
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