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.