Mülheim an der Ruhr, Germany, May 8, 2020. EASY SOFTWARE AG (ISIN: DE000A2YN991, WKN A2YN99) today reached an agreement with the remaining shareholders of its approximately 81% subsidiary EASY APIOMAT GmbH on early settlement of the second partial acquisition of the former Apinauten GmbH in the form of early acquisition of the external shares in EASY APIOMAT GmbH. The purchase price for the acquisition of the remaining shares amounts to approximately TEUR 1,850. Upon determination of the purchase price, financial liabilities posted in the consolidated financial statements of EASY SOFTWARE AG in the amount of approximately TEUR 1,600 are to be resolved, resulting in corresponding extraordinary revenue.
In December 2018, EASY SOFTWARE AG had concluded a purchase agreement for 72.3% of the shares in Apinauten GmbH, Leipzig. This contract provided for Apinauten GmbH to be merged with EASY ENTERPRISE SERVICES GmbH (today: EASY APIOMAT GmbH), a wholly-owned subsidiary of EASY SOFTWARE AG, and for the remaining shares to be acquired in 2020 (cf. ad hoc release dated December 27, 2018).

EASY SOFTWARE AG

The Management Board

About EASY SOFTWARE
EASY SOFTWARE develops software solutions and actively drive the digital transformation for efficient, secure and mobile work with digital business processes. EASY integrates these into existing IT infrastructures and generates sustainable added value. This makes digitization a quick and easy experience for their customers.
EASY SOFTWARE
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