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AbeBooks acquires ZVAB.com
Rare and out-of-print books specialist AbeBooks is to acquire Zvab.com, the online marketplace for German rare antiquarian books.
The company, which was itself bought by Amazon.com in 2008, reached an agreement with Mediantis AG to acquire the assets of the business.
Hannes Blum, AbeBooks c.e.o said: "With its great selection of rare and antiquarian books, ZVAB.com is an excellent complement to AbeBooks’ German used and antiquarian books offering." Bernd Heinisch, founder of ZVAB.com, added: "The combination of ZVAB and Abebooks creates broader opportunity and faster functionality enhancements for our company . . . Our goals remain the same: more orders, more functionality and outstanding customer service."
The acquisition is subject to customary closing conditions and is expected to be completed in the second quarter of 2011.
Zvab.com is the world's largest online bookseller for German-language titles. Over 3,000 professional antiquarians in 27 countries use the site, offering over 35m used, antiquarian and out-of-print books.
