UMT United Mobility Technology AG acquires majority of PEACHES

UMT United Mobility Technology AG has acquired 51 percent of PEACHES Mobile GmbH, Wiesbaden, which will be named UMT PEACHES Mobile GmbH in future. The purchase price was paid in cash and treasury shares.

By taking over the majority of PEACHES Mobile GmbH, UMT has also acquired prelado, one of the leading Internet portals for digital prepaid mobile and gift vouchers in Germany. prelado is to be integrated into the existing UMT Mobile Payment and Loyalty platform. UMT United Mobility Technology AG expects a positive contribution and impact to the Group’s growth and results.