All for One Group SE
All for One Steeb AG: Intends to Acquire avantum consult AG
All for One Steeb AG / Key word(s): Acquisition 28.03.2014 07:46 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- All for One Steeb AG Intends to Acquire avantum consult AG Filderstadt, 28 March 2014 - All for One Steeb AG, the leader in the German-speaking SAP midmarket segment, intends to acquire all the shares in avantum consult AG, Düsseldorf. The three directors in the avantum consult management board, Michael Sinß (CEO), Dr. Thomas M. Fischer and Dirk Böckmann, own these shares indirectly through holding companies. An agreement was reached with all three shareholders regarding the key points of a share purchase agreement that still has to be finalised. The consulting specialties of avantum consult AG are Performance Improvement & Transformation, Corporate Reporting & Compliance and Performance Management Systems, which includes planning, reporting, forecasting and simulation systems. Operating primarily in Germany and Switzerland, the company is one of the most respected technology-independent consultancies in the market for business analytics and performance management. avantum consult AG presently employs some 70 people and is clearly profitable after having generated total revenues of approximately EUR 10 million during the past financial year. In addition to larger midmarket clients, the company also serves such major corporations as ANWR Group, Carl Kühne, Deutz, Daiichi Sankyo, Takeda Pharma, Kirchhoff Group, Knauf Gips, Merck, Mitsubishi Hitachi Power Systems Europe, Paulaner and many others. There is clear business logic behind this planned transaction: All for One Steeb is the Number 1 in the German-speaking SAP midmarket segment and together with avantum consult wants to take a top spot in the growing overall market for business analytics and performance management. The executive bodies of avantum consult AG welcome this planned transaction. The three directors will continue their work as members of the avantum consult management board following the acquisition by All for One Steeb. The minimum purchase price is in the range of EUR 5 million and - depending on the company's business performance - may increase even further in the next three to four years. All for One Steeb AG's own capital resources will be used to fund the purchase price. This planned transaction is expected to be completed in the next quarter, and requires final agreement on the part of the contracting parties, endorsement by their executive bodies, and the approval of the German Federal Cartel Office. Contact: All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail dirk.sonntag@all-for-one.com 28.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: All for One Steeb AG Gottlieb-Manz-Straße 1 70794 Filderstadt-Bernhausen Germany Phone: +49 (0)711 78 807-260 Fax: +49 (0)711 78 807-222 E-mail: dirk.sonntag@all-for-one.com Internet: www.all-for-one.com ISIN: DE0005110001 WKN: 511000 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Events Funktionen
Weitere Funktionen
Webcasts
Keine Webcasts gefunden