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Aragon acquires majority stake in inpunkto GmbH
One of the leading specialist health insurance distributors created / MEG transaction successfully recapitalized(lifePR) ( Wiesbaden, )
One of the leading specialist health insurance distributors created
inpunkto will close the fiscal year 2009 in the black with revenue of some EUR 6 million and growth in sales of over 100%. With more than 200 brokers and profitable revenue of about EUR 20 million in 2010, inpunkto will, from a standing start, become the number 2 German specialist health insurance distributor following the insolvency of MEG AG. Its objectives for 2010 are to expand the network of regional offices to deliver comprehensive nationwide coverage and to establish the inpunkto brand on the market.
MEG transaction successfully recapitalized
The shares were acquired by way of a combined cash/non-cash contribution that included the assets acquired through the MEG transaction. inpunkto will be fully consolidated into the group from 01.12.2009. "We are delighted with the transaction, firstly because inpunkto is one of the few growing distributors on the market at the moment and, secondly, because we have been able to recapitalize our investment in MEG AG, despite its insolvency, to bring in a profit for Aragon AG. That makes the MEG transaction a financial success for Aragon", explained Wulf Schütz, a member of Aragon AG's Management Board. "With this further milestone and our other activities in 2009, our revenue next year will move beyond the EUR 100 million mark."
About inpunkto GmbH
Mönchengladbach-based inpunkto GmbH is one of Germany's leading specialist distributors focusing on delivering private health insurance brokering and consulting services for consumers (B2C) and full-service financial sales companies (B2B). The company has a network of regional offices across Germany, currently numbering 14, with about 130 specialist consultants. inpunkto also has a partial liability umbrella that enables consultants to act as insurance brokers in conformity with the Insurance Mediation Directive while still undergoing training to become IHK-registered brokers. Further information about the company can be found at www.inpunkto-gmbh.de.
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