Crealogix Holding AG / Keyword(s): Miscellaneous
August 17, 2022 / 07:00 CET/CEST
Ad hoc announcement pursuant to Art. 53LR
The Swiss Learning Hub employs around 50 people in Zurich. Their total contribution to the results of the CREALOGIX Group to date has been approximately 10% of total sales. The digital learning business was spun off into a separate subsidiary, Swiss Learning Hub AG, in 2019.
The majority shareholder is a Swiss investor group centered on blue8 AG, which is considering a “buy & build” growth strategy with its investment in the future. The transfer of 67% of the shares of Swiss Learning Hub AG will take place retroactively to August 1, 2022. The remaining shares can be acquired in the future. It has been agreed not to disclose the purchase price.
Oliver Weber, CEO of the CREALOGIX Group, points out: “CREALOGIX has its core competence in digital banking. With the sale of the majority stake, we underline our strategic direction. The Swiss Learning Hub will continue on its already successful path with the new investors.”
Urs Widmer, CEO of Swiss Learning Hub AG, is delighted with this new decision: “As the Swiss leader in EdTech, we are convinced that together with our investors and on the basis of a “build & buy” strategy, we can achieve strong growth both nationally and internationally.”
CREALOGIX focuses on digital banking. In the logical implementation of this strategy, CREALOGIX sells the majority of its digital learning activity, which is operated by its subsidiary, Swiss Learning Hub AG. The majority acquisition by a group of Swiss investors is carried out within the framework of a management buy-out.
This press release contains forward-looking statements that do not provide any guarantee of future performance. These statements are based on information currently available to our management and on management’s current assumptions and forecasts. There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results, financial condition and performance to differ materially from the forward-looking information and statements contained in this presentation. Each forward-looking statement speaks only as of the date of the particular statement, and CREALOGIX undertakes no obligation to update or revise any forward-looking statement or other information.
This press release is not intended to be a solicitation or recommendation to sell, buy or hold any securities and does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. , including the United States of America. . Any such offer will be made only in the form of a prospectus published in accordance with applicable securities laws.
End of the ad hoc announcement
|Company:||Crealogix Holding AG|
|Listed:||SIX Swiss Stock Exchange|
|EQS news ID:||1421969|
|End of announcement||EQS News Service|
1421969 August 17, 2022 CET/CEST
Trends in technical analysis CREALOGIX HOLDING AG
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|Number of analysts||1|
|Last closing price||59.00|
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