DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Mergers & Acquisitions
CTS Eventim AG & Co. KGaA: Two on one ticket: Ticketcorner and Starticket
join forces in Swiss ticketing
31.10.2016 / 14:05
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Two on one ticket: Ticketcorner and Starticket join forces in Swiss
ticketing
Ruemlang and Zurich, 31. October 2016 - Ticketcorner and Starticket will
enter into an alliance and build a joint Swiss ticketing group.
Ticketcorner Holding AG, which is half owned by each of CTS Eventim Group
and Ringier, will hold 75% and Tamedia 25%.
Ticketcorner Holding AG, owned by CTS Eventim and Ringier, on the one side
and Tamedia on the other side have signed a transaction agreement today
under which Ticketcorner and Starticket will in the future join forces in
the Swiss market. The merger is still subject to the approval of the Swiss
Competition Commission and shall be completed after approval in the first
half of 2017.
The merger of Ticketcorner and Starticket creates a far-reaching ticketing
group with innovative services, high-performance platforms, mobile apps and
scanning solutions for event costumers. Ticketcorner and Starticket react
with this step to the increasing and more intensive competition in the
ticketing business due to international providers, fast technological
development and the growing importance of direct sales.
International network and anchoring in Switzerland
With CTS Eventim, a leading ticketing company in Europe, as a partner,
Ticketcorner und Starticket will benefit from innovative ticketing
solutions and an ongoing transfer of knowhow, innovation and technology.
Ringier and Tamedia, the Swiss media groups, will ensure the anchoring in
Switzerland. The joint ticketing group shall be led by Andreas Angehrn, the
present CEO of Ticketcorner.
Klaus-Peter Schulenberg, CEO of CTS Eventim AG & Co. KGaA: "With the merger
of Ticketcorner and Starticket, event ticketing in Switzerland is moved to
a new level and many synergies will arise for the benefit of promoters and
ticket purchasers. Together with our new partners at Tamedia and our long-
time co-shareholder Ringier, we can provide an interesting combination of
assets to the joint venture."
Marc Walder, CEO of Ringier: "The merger of Ticketcorner and Starticket
reflects that ticketing - just like other industries - is faced with major
challenges. Digitalization, new technologies and distribution systems are
changing this market radically."
Christoph Tonini, CEO of Tamedia: "Our event customers will benefit from
the merger of Ticketcorner and Starticket through more reach, and our
ticket purchasers through a bigger selection of events. We are looking
forward to the cooperation with Ringier and CTS Eventim."
Via Ticketcorner Holding, Ticketcorner AG is currently half owned by each
of CTS Eventim Group and media company Ringier. Starticket is part of media
group Tamedia. In the new Ticketcorner AG, Ticketcorner Holding will hold
75% of the shares, and Tamedia will hold 25%. The parties have agreed not
to disclose any further details about the transaction.
For further information:
CTS Eventim: Engel & Zimmermann AG, Communication Consulting Agency
Dr. Andreas Bachmeier, Tel. +49 89 8935 633, info@engel-zimmermann.de
Ringier: Media Relations, media@ringier.ch, +41 44 259 64 44
Tamedia: Christoph Zimmer, Leiter Kommunikation,
christoph.zimmer@tamedia.ch, +41 44 248 41 35
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31.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: CTS Eventim AG & Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: tatjana.wilhelm@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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515995 31.10.2016
DGAP-News: CTS Eventim AG & Co. KGaA: Two on one ticket: Ticketcorner and Starticket join forces in Swiss ticketing
| Source: EQS Group AG