Wirecard AG / Acquisition

17.12.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Grasbrunn, Munich, December 17, 2009; Wirecard AG signed a purchase
agreement on December 16, 2009 for the acquisition of E-Credit Plus Pte.
Ltd., Singapore. The final closing is planned to be concluded by the time
of the acquisition date, January 1, 2010. The E-Credit Group, comprising
E-Credit Plus Pte. Ltd. ('E-Credit') and its subsidiaries, is engaged in
the field of online payment processing, predominantly on behalf of
eCommerce merchants in the eastern Asian region.

In doing so, Wirecard AG plans to extend its existing presence in eastern
Asia with its Philippine subsidiary Wirecard Asia Pacific. Markus Braun,
CEO of Wire Card AG commented as follows: 'With the acquisition of
E-Credit, we are continuing our expansion in the Asian region. We
anticipate our operations in Asia to generate synergy effects for the Group
as a whole.'

The cash purchase price amounts to about 9.5 million euros plus an earn-out
component measured according to the operating profit of the E-Credit Group
in the year 2010 and may reach up to roughly 2.5 million euros. For the
forthcoming year, a contribution to Group earnings before interest and
taxes (EBIT) is expected to amount to at least 1.4 million euros.



Wirecard AG
Iris Stöckl
Bretonischer Ring 4
D-85630 Grasbrunn
Ph.:  +49 (0) 89 4424 1424
E-mail: iris.stoeckl@wirecard.com
Internet: www.wirecard.com
About Wirecard: 

Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, Wirecard supports over
10,000 companies from many and various industry segments in automating
their payment processes and minimizing cases of default. Wirecard Bank AG
provides account and credit card services both for business and private
customers and is a Principal Member of VISA, MasterCard and JCB. Wirecard
AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
DE0007472060, WDI).

www.wirecard.com  |  www.wirecardbank.de  |  www.mywirecard.com






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Language:     English
Company:      Wirecard AG
              Bretonischer Ring 4
              85630 Grasbrunn b. München
              Deutschland
Phone:        +49 (0)89-4424 0400
Fax:          +49 (0)89-4424 0500
E-mail:       ir@wirecard.com
Internet:     www.wirecard.com
ISIN:         DE0007472060
WKN:          747206
Indices:      TecDAX, Prime All Share, Technology All Share
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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