Fabasoft acquires majority stake in the German software specialist Xpublisher (Corporate News)

Fabasoft AG today concluded a purchase and participation agreement for the acquisition of in total 60% of the shares of Xpublisher GmbH, with its registered offices in Munich. The participation is to be effected to 40% by means of a subscription of shares through an increase in the capital of Xpublisher GmbH and to 20% by means of the acquisition of shares from the founders and existing shareholders. Both founding shareholders are to retain a 40% stake in the company and as managing directors will promote expansion in Europe and North America. Work has already begun on the implementation of the closing conditions.

Read Corporate News here