3U HOLDING AG: Purchase of a wind farm project development company

  • Purchase price amounts to EUR 2.0 million, as well as a performance-based premium
  • Acquisition of a portfolio of eight wind farm projects
  • Transfer of a team of renowned wind farm developers
  • First revenues from the sale of a wind farm expected within one year

Marburg, August 8, 2014 – 3U HOLDING AG (ISIN DE0005167902) announces the purchase of a wind farm project development company. Today 3U ENERGY AG, a subsidiary of 3U HOLDING AG, and the shareholders of the wind farm project development company Aufwind & ORBIS Havelland GmbH & Co. KG (A & O KG) and its associated partner, the Aufwind & ORBIS Havelland Verwaltungs-GmbH signed a contract to acquire the limited partnership and shares. The purchase price for the complete acquisition of the limited partnership and the shares is EUR 2.0 million; and a later performance-based premium. With this acquisition, 3U HOLDING AG reached an important milestone in its strategic goal to accelerate the expansion of the business area Renewable energy projects.

The A&O KG is a joint subsidiary of the two established wind farm project development companies Aufwind Engineering GmbH and the ORBIS Energie- und Umwelttechnik GmbH. The A&O KG is currently developing predominantly wind farm projects in the state of Brandenburg.

Within the A&O KG currently exists a wind farm project portfolio of up to 40 wind turbines and a total capacity of more than 100 MW. The wind farms are currently in various stages of project development and should be put into operation in the years 2015 to 2017. A wind farm project development team with numerous references in the wind energy sector has developed this wind farm project portfolio starting from 2009 and will continue doing this after the takeover of the company.

Proceeds from the sale of the first wind farm are expected within one year. It is planned to operate a portion of future wind farms within the 3U Group.

3U HOLDING AG: Sale of shares of the investment weclapp

  • Successful first round financing of weclapp
  • Sale of 5% of the shares
  • Enterprise value amounts to EUR 10.0 million

3U HOLDING AG (ISIN DE0005167902) sold a 5 percent stake in its subsidiary weclapp GmbH. weclapp is one of the leading providers of cloud-based ERP systems. The purchase price for the transferred shares is TEUR 500 and is based on a current enterprise value of EUR 10.0 million. After completion of the transaction, 3U HOLDING AG still holds 70% of the company’s shares; 25% of the shares are held by the Company’s management.

The purchaser is an international operating E-Commerce company who is convinced of the considerable growth and earnings potential, which lies in the mega-trend of cloud computing in the area of SaaS solutions for weclapp. The company has successfully been using the ERP system of weclapp internationally for years.

The shareholders of weclapp negotiate regularly with strategic and financial investors concerning a stake in the company. Further funding rounds are planned as part of the continuing growth financing of weclapp in the coming quarters.