German Startups Group abandons Payments Group takeover to focus on AI eldercare
German Startups Group has cancelled its planned takeover of the Payments Group. The decision comes as the company shifts focus toward a more streamlined structure and new opportunities in AI-driven eldercare. The withdrawal will take effect by March 2026, scrapping a deal that would have involved issuing millions of new shares. The abandoned acquisition would have seen up to 23 million treasury shares transferred, significantly diluting existing shareholders. Instead, the company will now consolidate its current holdings of around 34.9 million treasury shares. This move follows ongoing efforts to resolve a €5.9 million claim against SGT Capital Group.
Beyond restructuring, German Startups Group is targeting growth in artificial intelligence. It holds an indirect 18% stake in Cognicare AI, a startup creating AI tools for nursing homes. The company expects Cognicare to turn profitable by 2026, with revenues reaching millions annually from 2027. The firm also maintains a 35% share in AuctionTech, which operates PropNow, a SaaS platform for digital real estate auctions. Current net asset value is estimated at roughly €1.50 per share, based on 11.4 million outstanding shares.
The cancellation of the Payments Group deal marks a clear shift in strategy. By consolidating treasury shares and focusing on AI investments, the company aims to strengthen its financial position. The next key milestone arrives in March 2026, when the withdrawal becomes final.
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