TIE Kinetix today announced the financial close of the sale of its business line ‘Google-Ads-for-Channel’ and TCMA to Impartner Inc. of the US for a consideration of € 6 million. An amount of € 3 million is paid on closing and an amount of € 3 million has been provided as a 10% vendor loan maturing in 12 months. The transaction includes 4 staff in the Netherlands and 5 in the US and several customer contracts. The business transferred generated € 2.2 million in revenue in financial year 2020 (starting October 1, 2019).

This transaction is an important strategic milestone for TIE Kinetix, providing the opportunity to secure a strong strategic focus on EDI Integration and 100% digitalization with funding to invest in further growth and margin development in B2B and B2G markets.

The ‘Google-Ads-for-Channel’ business, developed in close co-operation with Google, gained traction in 2019 and reported strong growth in 2020. Its portfolio serves both larger and smaller customers looking to optimize their digital media spend, with low cost per lead and high conversion rates. Impartner Inc. is well positioned to scale this business to the next level of maturity.

The TCMA product suite primarily serves US customers, with solutions separate and distinct from the TIE Kinetix core Integration suite of products. The TCMA product suite transferred provides Impartner Inc. with the unique opportunity to further grow this business within their own portfolio.

This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.

For further information, please contact:

TIE Kinetix N.V.

d.d. 24 aug. 2020
TIE Kinetix NV
Breukelen, the Netherlands – August 24, 2020 at 10.00 CEST
TIE Kinetix announces that is has issued 3.700 new shares following the conversion of options on shares. The total consideration received amounts to € 37.000. The shares will be brought into circulation on August 24, 2020 bringing the total amount of issued shares to 1.630.981