OTI Greentech AG: Reverse Merger completed successfully
• Cleantech company with estimated EUR 25 million in sales now listed on Düsseldorf Stock Exchange
• Continued growth through combination of patented cleantech products and Services expected
Berlin, 7th of April 2015 – The Reverse Merger of OTI Greentech Group AG, Zug, Switzerland into OTI Greentech AG, Bremen (the “Company”) has been completed. In total 21.604.162 shares of OTI Greentech Group AG, Zug, were tendered by way of contribution in kind. The share capital of OTI Greentech AG, Berlin, increased to EUR 22,104.162 and the same number of bearer shares.
With the Finalisation of the Reverse Merger a new fast growing international cleantech engineering group is now listed on Dusseldorf Stock Exchange. Expected sales in 2015 is planned to reach approximately EUR 25 million. The company expects to grow through organic expansion and through acquisitions in target growth markets. The combination of patented technology and tailor-made services enables OTI’s clients to benefit from significant cost savings in an environmental friendly way. The estimated market for marine and industrial applications is more than EUR 1.4 billion.
About OTI Greentech Group AG
OTI Greentech is an internationally leading cleantech engineering group. The company provides environmentally friendly solutions and a patented technology for cleaning, recovery and disposal of oil in a wide variety of applications. In addition, OTI Greentech is engaged in maritime services and efficient infrastructure solutions.
OTI Greentech’s multiple award winning and patented ECOSOLUT™ products have been used by various international shipping, oil service and waste management companies. OTI Greentech’s sustainable applications reduce cleaning cycles and increase the health & safety and environmental standards of its customers.
Axel Mühlhaus, Werner Rüppel
Tel. +49 69 905505-52
Eschersheimer Landstr. 42-44
OTI Greentech AG
Joe Armstrong, Executive Board Member
+41 41 7272 108
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