- Fusion planned
- Mixed cash and non-cash capital increase
- windata to form a new independent business unit
- Strong growth with innovative financial software
Munich, December 16, 2016: RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080) and windata GmbH & Co. KG have agreed to merge. In a letter of intent, both companies agree to merge into a corporate group to become even more powerful as providers in the financial software sector. The intention is to acquire windata through a mixed cash and non-cash capital increase. The shareholders of windata will become the second largest shareholders of the newly formed corporate group through the issuance and acquisition of new RUBEAN shares. The specific purchase price and exchange ratio will be determined during an ongoing due diligence process. The upcoming annual general meeting will vote on the cash and non-cash capital increase. The future corporate group will consist of the holding company RUBEAN AG, its subsidiaries RUBEAN Device Solutions GmbH (RDS) and Smart Payment Systems GmbH (SPS), as well as windata, which will continue to operate as independent companies and autonomous profit centers. The expertise and business of each of the three companies will be strengthened and further expanded, with RDS focusing on device management and control technology, SPS focusing on payment solutions, and windata focusing on financial software. The brand names RUBEAN and windata will be retained. It is also planned for the current windata managing director, Michael Rudhart, to additionally serve on the board of directors of RUBEAN AG. windata was founded in 1993 and has significantly contributed to the further development of electronic banking in Germany with its innovative ideas in the field of electronic payment transactions. Today, windata is one of the leading providers of banking solutions for businesses, freelancers, self-employed individuals, and private users. The company offers development, distribution, and operation of innovative client and server products, apps for mobile devices, and web services for the financial services sector, payment service providers, and their customers. windata GmbH & Co. KG serves more than 50,000 companies and over 200 German banks and savings banks, which offer the software programs of windata GmbH & Co. KG to their customers.
RUBEAN expects strong company growth from the distribution of its new and particularly innovative software solution RubeanPay. It is a unique solution for mobile payments, which is already patented and meets the highest security requirements while providing great convenience. The solution turns smartphones into card terminals, allowing customers to pay securely and easily on the internet, just as they are used to at the checkout counter.
