NEON EQUITY AG Plans to Acquire First Move! AG

NEON EQUITY AG announced plans to acquire an 88% stake in the Swiss company First Move! AG. The acquisition will occur through a non-cash capital increase, aiming to enter the automated parking and parking garage technology market.

First Move! AG holds a patented technology that can more than double the productivity of parking garages compared to conventional designs. Additionally, the technology is suitable for retrofitting, reduces pollutant emissions, and increases the capacity for charging electric vehicles.

The Extraordinary General Meeting of NEON EQUITY will also decide on renaming the company to “DN Deutsche Nachhaltigkeit AG” to reflect its strategic focus on sustainable investments.

NEON EQUITY's largest shareholder, SP 1 Equity GmbH, will receive 30 million new shares in exchange for the First Move shares. The valuation considers a premium on NEON EQUITY’s current stock price.