SOURCE: Korsair Holdings AG

Korsair Holdings AG

June 03, 2013 14:05 ET

Korsair Holdings AG Enters Into Acquisition Agreement With Fiber Communications International, a Stockholm Sweden Based Company

BERLIN--(Marketwired - Jun 3, 2013) - Korsair Holdings AG (BERLIN: NOM), announces that it has entered into an agreement to acquire 100% of Fiber Communications International, a Stockholm, Sweden based company that is negotiating communication and solar power projects in Africa. The acquisition will not include cash payment and is subject to due diligence and Korsair's board approval. Fiber Communication's management will continue to manage the company as a subsidiary of Korsair.

According to Anders Ericsson, Korsair Holdings Chairman: "We are very pleased to be able to add Fiber Communications and their expertise to Korsair Holdings. Fiber Comm has tremendous contacts in Africa and we believe that their current negotiations will result in securing several initial projects in communication and energy fields, where Korsair has significant product offerings."

About Korsair Holdings AG
Korsair Holdings AG is a technology holding company with a focus on environmental and technical infrastructure projects related to renewable energy and clean technologies. By combining environmental innovations with creative management and proven industrial leadership, Korsair Holdings AG strives to stay in the forefront of the clean technologies business.

Disclaimer; Forward-Looking Statements:
This or any other statement from KORSAIR HOLDINGS AG contains forward-looking statements that are based on assumptions and estimations of KORSAIR HOLDINGS AG. Words such as "estimate," "expect", "plan," "project" and "will" and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. KORSAIR HOLDINGS AG undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from KORSAIR HOLDINGS AG does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of Korsair Holdings AG in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like KORSAIR HOLINGS AG, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all. 

Contact Information