Cancom SE (XTRA:COK) agreed to make voluntary public takeover offer to acquire the remaining 72.6% stake of Pironet NDH AG (XTRA:PNG) for €47.7 million on October 10, 2013. The offer per share is €4.5. In related transaction, Cancom SE (XTRA:COK) signed an agreement to acquire 13.8% stake in Pironet NDH AG (XTRA:PNG) from Felix Höger, Chief Executive Officer of Pironet and Udo Faulhaber, Executive Board member of Pironet for approximately €9 million. Also, Executive Board and the Supervisory Board of CANCOM agreed to increase the Cancom's share capital and the proceeds of the increase in share capital to be used partly to finance the takeover bid. Both the transactions are subject to the approval of the antitrust authorities. The Executive Board and Supervisory Board of Cancom SE passed a resolution on October 10, 2013 for the deal. As of November 15, 2013, the offer was approved by German Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin. The offer is subject to various conditions precedent. One of these is the obtaining of merger control clearance from the German federal competition authority Bundeskartellamt. Network Corporate Finance acted as fairness opinion provider for PIRONET and provided the management board and supervisory board with its opinion.

Cancom SE (XTRA:COK) completed the acquisition of additional 29.25% stake of Pironet NDH AG (XTRA:PNG) for €20.5 million on January 2, 2014.