BRAIN FORCE Group
02.08.2005 08:31
Ad-hoc: Acquisition of VAI BV faster than planned

BRAIN FORCE HOLDING AG has taken over 98.19 percent of the shares in the Dutch company VAI BV as per 1 August 2005. The option concluded on 27 June on the acquisition of the shares in VAI BV was thus exercised one month earlier than planned.

The Executive Board decided to take this step because it was managed to obtain the approval of the majority of VAI BV's employees for the sale of the shares to BRAIN FORCE HOLDING AG. The employees hold 20.71 percent of the shares in the company through an employee share ownership scheme.

The earlier acquisition will lead to the consequence that VAI BV will be included in the consolidated group of BRAIN FORCE HOLDING AG already from 1 August instead of the originally planned date of 1 September.

The Executive Board assumes that the still outstanding shares in VAI BV will be transferred to BRAIN FORCE HOLDING AG in the coming weeks.