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Online tyre retailer Delticom successfully completes Tirendo integration
Successful fundraising campaign for the breast cancer association, Brustkrebs Deutschland e.V., of ReifenDirekt.de

Tirendo management realigned

Delticom AG, Hanover/Berlin, 21 July 2014 - After ten months, Europe's leading online tyre retailer, Delticom AG, has successfully completed the integration process with Tirendo Holding GmbH. On 16 September 2013, Delticom AG had purchased all shares in the Berlin-based online tyre retailer Tirendo, including all subsidiaries.

Since then, Tirendo has complemented the existing Delticom portfolio of 137 online shops in 42 countries. With the aim being to take e-commerce in European tyre sales to the next level, the past few months have seen synergy effects identified along the value chain and processes optimised to prepare for future growth.

"The goal now is to initiate the next stage in our growth and lead the company to a profitable future pathway," said Andreas Prüfer, Member of the Management Board of Delticom AG.

The Tirendo management team, with Managing Directors Markus Bihler, Erik Heinelt and Felix Vögtle, will take on new challenges at the end of the year and leave the company, effective 31/12/2014. Delticom wishes to thank the Tirendo Managing Directors for the successful cooperation and the successes achieved together. The two Delticom managers Sascha Jürgensen and Andreas Faulstich will succeed the Tirendo management today, on 21 July 2014, with immediate effect.

Delticom intends to continue to promote the independence of the Tirendo brand in the market and also to establish the Berlin site as a powerhouse of ideas and technology. Moreover, the company will initiate necessary steps to safeguard the future of Tirendo. It also intends to continue pushing ahead with the expansion of profitable business segments, such as tyres, complete wheels and automotive parts.

For further information about the company Delticom, please visit: www.delti.com



Delticom AG
Brühlstr. 11
30169 Hannover
Germany
+49-(0)1805-Delticom (+49-(0)1805-335842)
Fax. +49 (0)511 87989071
URL: http://www.delti.com
E-Mail: info@delti.com