EQS-News: Biohacks (Schweiz) AG
/ Key word(s): Expansion
Biohacks expands: Distribution network in Germany extended to approximately 4,000 locations, successful market entry in Austria and expansion into Switzerland planned
Dusseldorf, 24 May 2022 – Biohacks (Switzerland) AG, a supplier in the fast-growing functional foods sector, is systematically continuing its expansion course by expanding its distribution network in Germany and, most recently, also in Austria. In May 2022, the vegan products in organic quality of the “SPIRIT” brand will be listed in approximately 4,000 branches of renowned trading companies and petrol station shops in Germany. These include retail chains such as Tegut, Kaufland, Budni and Edeka. In May, Biohacks will also launch the nationwide sale of “SPIRIT” drinks in the flavours Mango & Cactus, Berry & Dragon and Lime & Kiwi in JET brand petrol stations. In this area, the company is already represented in around 300 stations of the Orlen brand. In Austria, the products are now also being distributed through around 600 branches of the local market leaders SPAR International and Billa. An expansion in the Alpine country to a total of at least 1,000 branches is being planned. The gradually accomplished comprehensive market launch of high-quality vegan products with organic quality is accelerating Biohacks’ growth path, which began in 2020. Further new “SPIRIT” products are scheduled to be rolled out before the end of 2022. In addition, market entry in Switzerland is planned by the end of 2022. At a later date, there is the option of expanding the product range and introducing additional services related to biohacking.
“We are proud that more and more renowned retail companies and petrol stations are selling our high-quality vegan products in organic quality under the SPIRIT brand. In Germany, our products are already sold in approximately 4,000 shops and, after entering the Austrian market, in more than 600 locations there as well. And we are continuing to expand. This sets the course for our planned dynamic growth,” Dr. Ingo Lange, CEO of the company, comments on the current development.
Solid financing basis in place for the expansion at the beginning of 2022
In the first four months of 2022, the company had established the financial basis for this by obtaining a strategic investor and by optimising the balance sheet structure. The equity capital of the company, which is based in Lachen, Switzerland, was increased in two steps by a total of CHF 53 million. Initially, in January 2022, an international strategic investor subscribed to a capital increase of CHF 3 million. In April 2022, the German subsidiary Biohacks GmbH was incorporated into the Biohacks AG, increasing the equity of the Swiss parent company by CHF 50 million. A prestigious Swiss federal auditor validated this transaction. At the end of 2020, Biohacks GmbH had been assessed in an expert valuation of the objectified corporate value in accordance with IDW S 1 by the experts of Kleeberg Valuation, Munich, with a much higher value of over EUR 100 million. Biohacks has legally completed the transactions in such a way that tax-free dividends in an aggregate amount of CHF 53 million are available for possible distributions for future new investors.
About Biohacks – Upgrade Your Life
Biohacks focuses on the fast-growing area of functional foods. It develops and markets vegan products in organic quality with high functionality. In addition, the company communicates and promotes the topic of biohacking with international nutrition experts and biohackers. Biohacks’ goal is to help people reach their highest potential, both physically and mentally. To do this, the company combines knowledge with data and technical tools – for example, in conjunction with an app, and has developed new products, always making sure to use high-quality, preferably natural, vegan and certified organic ingredients. Biohacks products of the “SPIRIT” brand are already sold via online platforms and in a four-digit number of branches of renowned retailers in Germany and Austria.
For further information please visit: https://biohackscompany.com/
Contact for media inquiries:
Biohacks (Schweiz) AG
Telephone: +49 211-9425 0860
24.05.2022 Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.
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