YOC AG successfully closes the sale of Sevenval – capital inflow of EUR 1.25 million
Berlin, 28.08.2014, 08:30
YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) has reached an agreement with Berlin Technologie Holding GmbH over the variable purchase price component resulting of the sale of the former YOC Group’s Mobile Technology segment which was completed on the 24 July 2013. This agreement led to a cash inflow to YOC AG amounting to EUR 1.25 million. The maximum variable purchase price component would have amounted to EUR 1.5 million according to contract.
Dirk Kraus, CEO of YOC AG, states: “We are very pleased about the close of the transaction with the buyer of the former Mobile Technology segment of YOC Group that has been based on a partnership.”
YOC AG further announces that the implementation of the restructuring concept started in the fourth quarter 2013 has proceeded as scheduled. Therefore, the company expects a successful completion of the restructuring process in the fourth quarter 2014.
YOC is a pioneer and first-mover in the mobile advertising industry and the leading independent provider of mobile premium services throughout Europe. With a portfolio of more than 300 selected international publishers such as N24, The Sun, Eurosport, Krone, Elle, Runtastic and Publico, YOC offers technology- driven advertising solutions. YOC has a reach of at least 25 per cent of mobile internet users in the individual European markets. With its own SDK infrastructure, long-term expertise and individual consulting services, YOC is the ideal partner for publishers. YOC Audience Targeting provides precise target-group appeal for branding and performance objectives. International top brands such as Microsoft, Vodafone, Dior, IBM, Ikea, Coca-Cola, Nokia, Google and Samsung highly appreciate the innovative strength of the company in the extremely dynamic mobile advertising market. In 2012, YOC received the Mobile Gold Award of the Cannes Lions for the format YOC Mystery Ad. YOC has been listed on the Prime Standard of the Frankfurt Stock Exchange since 2006 and has 90 employees in business locations in Berlin, Düsseldorf, London, Madrid, Paris and Vienna today.