M & A

MeVis: new ownership

Ownership of Me Vis Medical Solutions AG, the Prime Standard-listed medical technology concern passed to Varian Medical Systems Inc of North America at the end of April. Varian acquired the majority holding of Me Vis through its German subsidiary VMS Deutschland Holdings GmbH. Me Vis shareholders accepted the takeover bid at the end of January for 1337995 shares at 17.5 Euros per share, amounting to some 74% of share capital.

Faced with the scenario of being absorbed, the chair of the Supervisory Board   Heinz-Otto Peitgen will resign his mandate to the shareholders’ at the meeting in early June. One of the founders of the company, Peitgen left his mark on the company’s development as chair of the Supervisory Board up to and beyond its stock-market listing in 2007. Peter Kuhlmann-Lehmkuhle, a fellow Supervisory Board member over the last four years, will also tender his resignation.

The Supervisory Board intends proposing Jörg Fässler and Glen Hilton as candidates to the shareholders for election. Both hold managerial posts in the new majority shareholder.

Drillisch: shopping spree in the mobile phone shop

Mobile phone provider Drillisch AG has purchased the entire share quota of The Phone House from Dixons of the UK for 62 million Euros. The amount of the transaction is made up partly of Drillisch TecDax-listed shares and partly of The Phone House’s future income. Drillisch as a provider does not run its own network but buys up contingency blocks from networks for resale. According to Drillisch, in selling contracts for mobile, land-line, and telecommunication equipment networks The Phone House has an annual turnover of some 350 million Euros. Drillisch expects this transaction, which should be finalised in May, to expand its new off-line sales channel to the whole territory.