IR-News & Press

 
2019-08-05

3U HOLDING AG: Merger into weclapp SE entered in commercial register

  • Merger of subsidiary weclapp GmbH into Societas Europaea (SE) completed
  • Share capital of weclapp SE increased by EUR 70.0 million in the course of the merger
  • Option to float weclapp SE on the stock exchange under further intensive review

Marburg, 6 August 2019 - The Local Court of Frankfurt am Main has entered the merger of weclapp GmbH into an SE in the commercial register. In the course of the merger, the share capital of the SE was increased by EUR 70.0 million. With the entry of the merger of the subsidiary weclapp GmbH of 3U HOLDING AG (ISIN DE0005167902) into a Societas Europaea (SE) in the commercial register, the assets of weclapp GmbH as a whole are transferred to the SE. As previously in weclapp GmbH, 3U HOLDING AG holds around 75 % of the shares in weclapp SE. The company is headquartered in Frankfurt am Main.

The merger that has now been completed and the choice of corporate structure are related to the growth strategy of 3U HOLDING AG. Among other things, an IPO of weclapp as an option for financing the further, also international, expansion of this rapidly growing provider of cloud-based business software is currently being examined intensively. This project and any measures required to implement it depend on the capital market environment. The Management Board of 3U HOLDING AG, therefore, has not yet made a decision on the IPO. If the intention of an IPO becomes more concrete, the Management Board will communicate this immediately.