HPI AG (DB:CEW3) acquired The New Desktop IT Trading Ag in cash on December 13, 2012. The deal is funded from cash and non-cash equity created by shares in the amount of about 5% of the share capital of HPI AG. For the year ending December 31, 2011, The New Desktop IT Trading Ag had revenue of €45 million. Thomas Dunker, founder and Chief Executive Officer of TND AG, which will continue to manage TND AG.

HPI AG (DB:CEW3) completed the acquisition of The New Desktop IT Trading Ag on December 13, 2012.