Scout24 AG: AutoScout24 Nederland B.V. acquires European AutoTrader B.V. from Sanoma Media Netherlands B.V.

DGAP-News: Scout24 AG / Key word(s): Takeover

2016-02-01 / 15:00
The issuer is solely responsible for the content of this announcement.

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Press Release                                                              

AutoScout24 Nederland B.V. acquires European AutoTrader B.V. from Sanoma
Media Netherlands B.V.

Joining forces to strengthen service for consumers and dealers 

Berlin / Munich, 1 February, 2016 - AutoScout24 Nederland B.V., the
operator of the leading Dutch digital automotive classifieds platform
AutoScout24.nl and a subsidiary of Scout24 AG, signed an agreement today to
acquire all shares of the Dutch digital automotive classifieds portal
European AutoTrader B.V. from Sanoma Media Netherlands B.V. with an
effective date as of 1 January 2016. Closing took place immediately after
signing. The agreed purchase price amounts to 27.7 million Euro and is
fully paid in cash.

European AutoTrader B.V. operates the digital automotive classifieds
website AutoTrader.nl in the Netherlands. With yearly revenues of more than
6 million Euros, over 4.000 professional car dealer customers, 150.000
listings and 1 million unique visitors per month, AutoTrader.nl has a
strong position in the Dutch market. Its well-known brand and
long-established market position make it an attractive go-to-place for
potential car buyers.

With AutoScout24.nl, Scout24 already operates the leading digital
automotive classifieds website in the Netherlands. Following the
acquisition, Scout24 will extend its leading market position even further.

"Joining forces in the Netherlands with AutoTrader.nl is the logical next
step in delivering our mission of empowering people to realize their
car-owning dreams simply, efficiently and stress-free. The opportunity to
further strengthen AutoScout24's leading position in such an important
market is very exciting. Together we will create a better service for
consumers and customers, and accelerate innovation," says Christian
Bubenheim, Senior Vice President Marketing & Product for the marketplace
AutoScout24. "Consumers will benefit from a larger, more comprehensive set
of car listings, which will help drive more traffic to the site. Dealers
will benefit from a broader audience reach."

About AutoTrader

With more than 1 million unique visitors and 150.000 listings AutoTrader is
the third largest digital automotive classifieds platform of the
Netherlands. With the co-operation of AutoWeek we aid the consumer with
their search for their next car by adding consumer and AutoWeek
professional reviews for each car listed.

About Sanoma - Sanoma.com

Sanoma is a front running consumer media and learning company in Europe. In
Finland and The Netherlands we are the market leading media company with a
broad presence across multiple platforms. Our main markets in learning are
Belgium, Finland, the Netherlands, Poland and Sweden. In 2014, Sanoma's net
sales totalled EUR 1.9 billion. Sanoma is listed on the Nasdaq Helsinki
stock exchange.

About AutoScout24 

AutoScout24 is the largest pan-European online automotive classifieds
platform. The marketplace empowers people to realize their car-owning
dreams simply, efficiently and stress-free. AutoScout24 offers listing
products for used and new cars to dealers and private sellers. In addition,
AutoScout24 provides advertising products, such as display advertising and
lead generation to participants in the automotive sector and extended
supply chain. In Germany, AutoScout24 enjoys a unique aided brand awareness
of 95 percent within its target group. AutoScout24 is part of Scout24 AG.
Additional information is available at www.autoscout24.com

Press contact
Mariska Hustings
Marketing Manager
AutoScout24 Nederland B.V. 
Tel.: +31 (0)347 350 780
Email: [email protected] 

About Scout24

Scout24 operates leading digital classifieds platforms in Germany and other
selected European countries. The main operations under the umbrella brand
Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24.
ImmobilienScout24 is the leading digital real estate classifieds platform
in Germany, based on consumer traffic and time spent as well as customer
numbers and listings. AutoScout24 is a leading digital classifieds platform
in Europe, in terms of unique monthly visitors and listings. Scout24's
digital marketplaces are empowering people to realise their property and
car-owning dreams simply, efficiently and stress-free. Additional
information is available at www.scout24.com

Press contact 
Svenja Lahrmann
Instinctif Partners
Tel.: +49 (0) 221 42075-23
Email: [email protected]


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2016-02-01 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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   Language:    English                                                     
   Company:     Scout24 AG                                                  
                Dingolfinger Str. 1 - 15                                    
                81673 Munich                                                
                Germany                                                     
   Phone:       +49 89 44456 - 0                                            
   Fax:         +49 89 44456 - 3000                                         
   E-mail:      [email protected]                                              
   Internet:    www.scout24.com                                             
   ISIN:        DE000A12DM80                                                
   WKN:         A12DM8                                                      
   Indices:     SDAX                                                        
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated   
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,  
                Munich, Stuttgart, Tradegate Exchange                       


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