DGAP-Adhoc: SECANDA AG (formerly InterCard): Expansion in Spain and course of business

SECANDA AG (formerly InterCard): expansionion Spain and business development

With the takeover of 100% of the shares in MADSENSE SL based in Valencia, we are continuing our commitment in Spain. At the same time as the acquisition, the company was renamed SECANDA. The Spanish market is now to be developed from our new location in Valencia.

The team in Valencia, now with 6 software developers, has been supplemented by a new sales representative for SECANDA Spain for a long time. For years it has made a significant contribution to the design and development of our new system for identification and payment.

With SECANDA, we have further developed our chip card and payment system into an innovative identification system. After the renaming of InterCard AG Informationssysteme to SECANDA AG, all new international locations and our subsidiary InterCard GmbH Kartensysteme will be given the name SECANDA and thus the name of the new system.

InterCard SECANDA is already the clear market leader for identification and payment systems at universities in Germany and Switzerland. With its own team in Valencia, SECANDA now has the technical and sales expertise on site to build on this success in the Spanish market. In addition to opening up new markets abroad, sales in Germany are concentrating on expanding new sales markets, especially with solutions for the new CORPORATE, CARE and PUBLIC areas.

MADSENSE Valencia has already worked almost exclusively for our group of companies in the past and achieves a largely balanced result. In this respect, we do not expect any significant effects on our consolidated figures for the current financial year.

With the order backlog continuing to be high, there are occasional delivery problems for parts in the Group and thus selective project postponements. However, we continue to assume that we will make up for the delays over the course of the year and thus achieve our annual targets.

Contact:
Stefan Thomas
SECANDA AG (formerly InterCard AG Information Systems)
Marienstrasse 10
78054 Villingen-Schwenningen
Telephone: +49 (0)7720-9945-48
[email protected]