- 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.