Social responsibility in times of social distancing

Indian development team of Cloud ERP provider weclapp helps the citizens of Mumbai in the Corona crisis

  • Food packages distributed in the neighbourhood of the Indian office
  • Close collaboration with local aid organisation Sahaara Charitable

Marburg/Frankfurt/Mumbai, July 27, 2020 – weclapp SE, a subsidiary of 3U HOLDING AG (ISIN: DE0005167902), is actively committed to safeguarding the health of its India-based employees. Together with its development team, it is supporting the neighbourhood of the office in Navi Mumbai (New Mumbai). On July 24, 2020, the programmers, in cooperation with the Sahaara relief organization, distributed food packages to 200 people over a lockdown period. At its contact point near Turbhe station, the aid organisation advises and provides support mainly for women and children in a district stricken by great poverty.

With more than one million officially confirmed Covid-19 cases, India is one of the three countries in the world most hard hit by the pandemic. While the health system is stretched beyond its limits, the lack of social security of three quarters of the working population is currently plunging many families into increased poverty, famine and hopelessness. Cramped housing conditions make it unfeasible to stock up on food during a lockdown. For families such as these protecting and feeding themselves is virtually impossible.
Ertan Özdil, weclapp SE’s CEO, is mindful of the social responsibility of the German cloud ERP provider for its Indian team: “As a company that benefits from highly qualified IT developers in India, we feel responsible and want to help! Though we can only make a small contribution in such a vast country, we are doing what we can: as an employer operating out of our head office in Frankfurt and with our Indian colleagues on site. Fortunately, our employees in Mumbai are in good health and want to help their fellow citizens to get through the crisis better. In Sahaara, we have found an aid organisation through which we can provide 200 people with food for two weeks. Our colleagues in Mumbai are personally involved in the distribution.”
weclapp employs a team of programmers in Mumbai, India, to accelerate the development of the weclapp cloud-based ERP software platform. Before the outbreak of the crisis, at the beginning of 2020, weclapp had already equipped all employees with notebooks and ensured that its Indian employees  also had health insurance cover, bringing the company benefits for team members there in line with other locations.
“It is our concern to continuously and seamlessly expand our cloud-based platform for corporate software. A team sticks together – through thick and thin. At the moment, we are facing very challenging times, and it is therefore our corporate and personal responsibility to help wherever we can,” Özdil summarizes.
As part of its internationalization strategy, weclapp SE is not only planning to expand its Indian team, but also to establish a new location in the US in order to forge ahead with the research and development of the cloud-based ERP platform weclapp around the clock. weclapp SE builds on a respectful corporate culture which has team orientation, responsibility, reliability and openness as core concepts.

 

Further information:
Dr. Joachim Fleïng
Investor Relations
3U HOLDING AG
Tel.: +49 6421 999-1200
Fax.: +49 6421 999-1222
E-Mail: ir@3u.net

3U HOLDING AG sells the externally leased parts of the Adelebsen site

Marburg, 1 July 2020 – 3U HOLDING AG (ISIN DE0005167902) is selling the parts of its property in Adelebsen, Lower Saxony, including the existing buildings. An agreement to this effect was signed on 30 June 2020.

As reported, income from the sale of assets has also been included in the 2020 planning. The sales proceeds will result in earnings as expected of EUR 1.5 million for 3U HOLDING AG and a net cash inflow of EUR 5.0 million. Those parts of the site that are currently held by 3U for operating a solar park will remain with the company and be used for this purpose. The roof areas still required for this will be leased back after the sale.

“Our strategic focus is and will remain cloud computing and online trading,” emphasises Michael Schmidt, Speaker of the Management Board of 3U HOLDING AG. “Focusing thereon includes divesting ourselves of peripheral activities to the extent that we can create value for our shareholders. We are terminating the letting of space and buildings at the Adelebsen location, but will continue to generate electricity with our solar park, which will continue to generate pleasing and sustainable sales and earnings for us”.

 

Further information:
Dr. Joachim Fleïng
Investor Relations
3U HOLDING AG
Tel.: +49 6421 999-1200
Fax.: +49 6421 999-1222
E-Mail: ir@3u.net

About 3U:
3U HOLDING AG (www.3u.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market. 3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).