ABEBOOKS SIGNS AGREEMENT TO ACQUIRE ZVAB.COM
Düsseldorf – March 2, 2011 – AbeBooks Europe GmbH, an online marketplace for books, today announced that it has reached an agreement with Mediantis AG to acquire the assets of the ZVAB.com business, a leading online marketplace of German rare antiquarian books with over 3,000 professional antiquarians in 27 countries offering customers a unique inventory of over 35 million used, antiquarian and out-of-print books in many languages.
“With its great selection of rare and antiquarian books, ZVAB.com is an excellent complement to AbeBooks’ German used and antiquarian books offering,” said Hannes Blum, CEO of AbeBooks. “We are looking forward to working with ZVAB.com to make sure our customers can find and buy any book provided by ZVAB.com and AbeBooks sellers fast and conveniently.”
“The combination of ZVAB and Abebooks creates broader opportunity and faster functionality enhancements for our company,” said Bernd Heinisch, founder and a senior member of the management team at ZVAB.com. “Our goals remain the same: more orders, more functionality and outstanding customer service.”
The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2011.
An online marketplace for new, used, rare and out-of-print books, AbeBooks offers millions of books for sale from thousands of booksellers around the world. AbeBooks has been selling books online since 1996, and is based in Victoria, BC, Canada. AbeBooks Europe GmbH, a German subsidiary of AbeBooks Inc., is based on Düsseldorf, Germany.
Founded by Bernd Heinisch in 1996, ZVAB.com - Central Directory of Antiquarian Books - is the world's largest online bookseller for German-language titles. Over 3,000 professional book sellers from 27 countries provide ZVAB.com 35 million, used antiquarian or out of print books in many languages, and notes, charts, manuscripts, postcards, and records for sale.
Richard Davies, PR manager, AbeBooks Office Ph: 250-412-3238 Email email@example.com
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