Overview

• The parties signed an asset deal on June 30 to transfer Mindfactory’s full business operations to heise.
• The acquisition is now awaiting approval from the German Kartellamt before it can be completed.
• Heise has agreed to preserve Mindfactory’s Wilhelmshaven location, workforce and existing customer relationships.
• Both heise and Mindfactory have kept the financial terms of the purchase confidential.
• The transaction expands heise Group’s operations beyond publishing and price-comparison services by creating a dedicated hardware retail arm.