EQS Group AG acquires Got Ethics A/S - Expansion of market position before introduction of the EU whistleblower directive
DGAP-Ad-hoc: EQS Group AG / Key word(s): Takeover EQS Group AG acquires Got Ethics A/S
EQS Group AG (ISIN: DE0005494165) acquires 100 percent of the shares in Got Ethics A/S, based in Copenhagen, at the beginning of the new year. The purchase agreement to acquire the whistleblowing SaaS provider was signed today. The agreement gives EQS Group AG the perfect position to become Europe's leading cloud provider for whistleblowing systems. The initial purchase price is EUR 10 million with the final amount depending on earn-out components over a term of 24 months. The transaction is financed by an acquisition loan from Commerzbank Munich. Got Ethics A/S was founded by Peter Dagø (CEO) and Jesper Dannemann (COO), both of whom will continue to hold responsible positions within EQS Group AG. The customer base includes numerous SMEs as well as international groups. The EU Directive 2019/1937 stipulates the mandatory introduction of an internal reporting channel for companies with 250 or more employees at the end of 2021 and 50 employees from the end of 2023. The acquisition of Got Ethics A/S significantly strengthens the EQS Group AG's market position and creates the perfect starting point to achieve high market penetration in the establishment of whistleblower systems in the coming year. More information: Receive news from EQS Group AG free of charge on your mobile device: via DGAP News App directly to your AppleWatch or iPhone (http://newsapp.dgap.de/). EQS Group is a leading international provider of regulatory technology (RegTech) in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders. EQS Group's products are pooled in the cloud-based software EQS COCKPIT. They ensure the professional control of compliance workflows in the fields of whistleblower protection and case management, policy management, insider list management and disclosure obligations. In addition, listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications. EQS Group was founded in 2000 in Munich, Germany. Today the group employs over 350 professionals and has offices in the world's key financial markets. Contact: André Marques CFO Tel.: +4989-444430033 Mobile: +49175-5250009 Email.: andre.marques@eqs.com
30-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | EQS Group AG |
Karlstr. 47 | |
80333 Munich | |
Germany | |
Phone: | +49(0)89 210298-0 |
Fax: | +49(0)89 210298-49 |
E-mail: | info@eqs.com |
Internet: | www.eqs.com |
ISIN: | DE0005494165 |
WKN: | 549416 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1151454 |
End of Announcement | DGAP News Service |
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1151454 30-Nov-2020 CET/CEST