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CTS Eventim Take Over Ticketcorner

LONDON (VIP NEWS) — While Klaus Peter Schulenberg, CEO of CTS Eventim just recently declared in an interview with the financial newspaper “Euro Am Sonntag” that the company hold back its plans to acquire a Spanish ticket service operator, CTS Eventim now announced that it takes over the Swiss ticketing company Ticketcorner.

CTS Eventim pays about 44 million Euro to the private equity company Capvis, the previous owner of Ticketcorner. The Swiss ticketing company gained in 2009 a turnover of 24 million Euro and delivered Earnings before Interests, Taxes, Depreciation and Amortisation of about 4,4 million Euro. CTS Eventim declared that it will continue to expand its international business. In “Euro Am Sonntag” Schulenberg announced that he intents to enter within the next two years the Belgium and French ticket markets.

Currently the shares of CTS are traded on a price level of 34.35 Euro. The company announced to reveal its business report for 2009 at the end of March.