Sidetrade acquires 87.85% of SHS Viveon AG, delisting set for November 2024
09 August 2024 - 4:26AM
UK Regulatory
Sidetrade acquires 87.85% of SHS Viveon AG, delisting set for
November 2024
Sidetrade, the global
leader in AI-powered Order-to-Cash applications, today announces
the successful completion of its acquisition of SHS Viveon AG, a
German leader in credit risk management software. This marks
Sidetrade’s first entry into the German market and a significant
step forward in its ambition to become the leader in the
Order-to-Cash sector globally.
Under the terms of the Offer which ran from May
7 to July 29, 2024, Sidetrade AG, a wholly owned subsidiary of
Sidetrade group, acquired 2,181,392 shares of SHS Viveon
AG, representing 87.58% of SHS Viveon AG’s capital.
Sidetrade then strengthened its position as the
majority shareholder with 2,188,135 shares of SHS Viveon
AG as of August 8, 2024, representing 87.85% of SHS Viveon AG’s
capital.
After November 15, 2024, SHS Viveon (ISIN:
DE000A0XFWK2) will no longer be listed on “Freiverkehr” market of
the Munich Stock Exchange.
Sidetrade is assisted by King & Spalding LLP
as legal advisor on the transaction and ODDO BHF SE as financial
advisor.
About SHS Viveon AG, a
German leader in credit risk & compliance management software
applications
Founded in 1991 and headquartered in Munich,
Germany, SHS Viveon AG offers applications designed to enable risk,
credit, and compliance management teams to automatically identify,
assess, and hedge risks in a flexible, digital process. It
simplifies access to all relevant data from any system, improves
analysis and simulation, and enables better business decisions.
In 2023, SHS Viveon AG reported revenues of €8.8
million. SHS Viveon AG’s customer portfolio currently comprises 80
businesses including Fortune 100 companies.
Investor
relations @Sidetrade
Christelle Dhrif
00 33 6 10 46 72
00
cdhrif@sidetrade.com
Media
relations @Sidetrade
Becca
Parlby
00 44 7824 5055
84
bparlby@sidetrade.com
About
Sidetrade (www.sidetrade.com)
Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform
dedicated to securing and accelerating cash flow. Sidetrade’s
next-generation AI, nicknamed Aimie, analyzes $6.1 trillion worth
of B2B payment transactions daily in the Sidetrade Cloud to predict
customer payment behavior and the attrition risk of more than 38
million buyers worldwide. Aimie recommends the best operational
strategies, intelligently automates actions on the entire
Order-to-Cash process, and dematerializes customer transactions to
enhance productivity, performance, and working capital
improvements.
Sidetrade has a global reach, with 315+ talented employees based in
Paris, London, Birmingham, Dublin, Houston, and Calgary, serving
global businesses in more than 85 countries. Amongst them: Bidcorp,
Biffa, Bunzl, Contentsquare, Engie, Expedia, Inmarsat, KPMG,
Lafarge, Manpower, Opentext, Page, Randstad, Saint-Gobain,
Securitas, Sodexo, Tech Data, UGI, Veolia.
Sidetrade is a participant of the United Nations Global Compact and
adheres to its principles-based approach to responsible
business.
For further
information, visit us at www.sidetrade.com and follow @Aimie on
LinkedIn.
In the event of
any discrepancy between the French and English versions of this
press release, only the French version is to be taken into
account.
- Sidetrade: is now the majority shareholder of SHS Viveon
AG
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