TCU AG: Merger of UAC Holding GmbH into TC Unterhaltungselektronik AG

New business fields in the areas of Cyber Security and Blockchain Technology.

Koblenz (pta033/11.11.2020/18:30 UTC+1) Merger of UAC Holding GmbH into TC Unterhaltungselektronik AG

Koblenz / Kiel 11.11.2020 - TC Unterhaltungselektronik AG (TCU) and UAC Holding GmbH (UAC) are entering together the final phase of the planned merger of UAC into TCU. As Petra Bauersachs, chairwoman of TCU board, and Daniel Settgast, CEO of UAC, announce in a joint statement, a draft of the merger agreement is now being prepared, which will be presented to the shareholders for voting at the respective general meetings as soon as possible.

"The merger will not only generate synergies, but in particular will end TCU's dependency on just one major customer", Bauersachs explains, and Settgast adds: "Together we will enter new business fields in addition to our existing activities, especially in the areas of Cyber Security and Blockchain Technology".

The merger is intended not only to preserve all existing jobs, but also to create additional employment opportunities. The necessary restructuring of the company is already in preparation.

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