11880 Solutions AG (XTRA:TGT) announced intention to acquire FAIRRANK GmbH as part of the capital increase from authorised capital in return for cash and non-cash contributions. Fairrank, a Cologne-based online marketing agency, supports clients from various industries in search engine marketing, web development and social media activities. By acquiring Fairrank, 11880 Solutions AG is expanding its portfolio in strategically important areas and accelerating the successful growth of the past years. Christian Maar, Chief Executive Officer of 11880 Solutions AG, commented: "We have been looking for an acquisition target of this kind for a long time because we want to grow quickly and become Germany's number 1 for providing online marketing services to businesses. Fairrank is a perfect fit for us. There are no overlaps whatsoever, but rather many synergies that we will quickly leverage to create value. Fairrank's customer base is primarily made up of medium-sized enterprises and complements our customer structure very well. This will enable us to provide online marketing services to small and larger companies even more efficiently than before. We will also be gaining stature as a major player in our partnerships with Google and Microsoft. In addition, we will save considerable costs by pooling resources and automating production and processes".