Business News

Giesecke & Devrient Holds 79 Percent of the Shares in secunet Security Networks AG

Monday 12. October 2009 - The public offer phase for secunet AG's shareholders is over. Giesecke & Devrient (G&D) now holds 79 percent of the shares in the Essen-based company. G&D had announced the voluntary public offer to purchase the shares back in July when it acquired the share package from RWTÜV AG, the major shareholder.

secunet AG is a specialist in high-security IT solutions, with international enterprises and public authorities among its customers. IT security technology is a strategic business field for G&D. Acquiring these shares will allow the Munich-based company to strengthen its foothold and continue expanding its excellent market position in this segment.

G&D had acquired the majority stake of 50 percent plus one share from RWTÜV AG and T-Systems in February 2004. In July 2009, G&D increased its stake by purchasing the RWTÜV AG shares.