Fabasoft AG has increased its stake in Mindbreeze GmbH

Due to the positive development and strategic importance of the Mindbreeze business within the Fabasoft Group, Fabasoft AG increased its 76% stake in Mindbreeze GmbH to 85.5% of the company shares on 20.04.2021. The shares were purchased from the Management of Mindbreeze GmbH, which had previously held 24%. The Mindbreeze Management, which remains fully “on board”, now holds 14.5% of shares after the transaction. The purchase price was determined on the basis of a company valuation carried out by E&Y Wirtschaftsprüfungsgesellschaft m.b.H. The parties have agreed to keep the purchase price confidential.