M & A

Tomorrow Focus: strategic sell-off

Prime Standard listed Tomorrow Focus AG, has sold its subsidiary Tomorrow Focus Technologies GmbH (TFT) to the Dutch company TIE Kinetix N.V. Kinetix N.V.’s extraordinary meeting confirmed the acquisition but the price of the transaction has not been made public.

The Internet Tomorrow Focus group has stated that premises and jobs will be maintained. A digital creative agency such as TFT, however, was ill-suited to the business model that targeted the end consumer with products of the kind supplied by ElitePartner, FOCUS Online, HolidayCheck and Jameda. By contrast, this transaction strengthens the position of the Dutch E-commerce purchasers and suppliers of TIE Kinetix on the European and German digital commerce markets.

Celesio: major effect with minor purchase

The Celesio AG pharmaceuticals group is buying over the GesuCon service provider in a deal expected to be finalized in January. Neither of the two parties has revealed the price involved. GesuCon, a small IT enterprise with 8 employees, supplies logistic concepts tailored to the needs of pharmacies, and provides M-dax listed Celesio and its customers reliability and continuity in the development of logistic software. GesuCon is expected to optimize procedures in order to cut the costs involved in maintaining stocks of single products in the pharmacy for Celesio and its subsidiary GEHE Pharmahandel. A company communiqué states that the software is used in over 1,000 pharmacies in four European countries.