All for One Group SE
All for One Steeb AG Seeks to Also Take a Top Spot in the Market for Business Analytics
All for One Steeb AG / Key word(s): Acquisition All for One Steeb Seeks to Also Take a Top Spot in the Market for Business Analytics Planned acquisition of all the shares in avantum consult AG / Sights set on a larger overall market beyond the SAP midmarket segment through greater involvement in business analytics / SAP HANA and mobile solutions as additional forces to drive business / Broadened access to customers for outsourcing, technology and cloud services Filderstadt, 28 March 2014 – All for One Steeb AG, the leader in the German-speaking SAP midmarket segment, now also wants to take a leading position in the rapidly growing and expanded overall market for business analytics and performance management. For this reason the company intends to take over all the shares of avantum consult AG, Düsseldorf. Established in 2003, this company is one of the most respected technology-independent consulting specialists for Performance Improvement & Transformation, Corporate Reporting & Compliance and Performance Management Systems, which includes planning, reporting, forecasting, and simulation systems. The company operates predominantly in Germany and Switzerland, presently employs some 70 people, posted total revenues of approximately EUR 10 million in the financial year 2013, and is clearly profitable. It mostly serves larger midmarket clients and major corporations, such as ANWR Group, Carl Kühne, Deutz, Daiichi Sankyo, Takeda Pharma, Kirchhoff Gruppe, Knauf Gips, Merck, Mitsubishi Hitachi Power Systems Europe, Paulaner and many others. Michael Sinß, the CEO of avantum consult AG: »All for One Steeb is not just the leader in the SAP midmarket with the largest installed customer base in countries where German is spoken, but is remarkably strong in sales, service, technology and as an employer brand, in addition to having a powerful business unit in the analytics market. This move will let us expand and leverage our resources and capabilities. And together, we can also look forward to further expanding our portfolio of products and services for the benefit of All for One Steeb’s many mid-sized customers. Both companies’ solution portfolios and cultures fit extremely well together. Overall, this merger will open up some outstanding opportunities for customers and employees alike.« Lars Landwehrkamp, the CEO of All for One Steeb AG: »The planned acquisition of avantum consult AG represents the logical and responsible next step in our buy & build strategy. Larger companies that use technologies such as SAP HANA, mobile solutions and others are the sources of inspiration and momentum for our core market, namely the German-speaking midmarket. It was with this in mind that we recently strengthened our technology consulting assets with the transfer of the GOPA technology team to us. And now we want to take a leading position in the overall market for business analytics and performance management as well. With avantum consult we will not only gain outstanding experts mutually reinforcing, but also a well-established brand along with broadened access to customers for our outsourcing, technology and cloud services.« The executive bodies of avantum consult AG welcome this planned transaction. An agreement regarding the key points of the share purchase agreement was reached with the single three shareholders and management board members, Michael Sinß (CEO), Dr Thomas M. Fischer and Dirk Böckmann. The three directors will continue their work as members of the avantum consult management board following the acquisition by All for One Steeb. This planned transaction is expected to be completed in the next quarter, and requires the final agreement on the part of the contracting parties, endorsement by their executive bodies, and the approval of the German Federal Cartel Office.
All for One Steeb AG is number 1 in the German-speaking SAP midmarket segment. The full-service provider’s portfolio comprises end-to-end solutions along the whole of the IT value chain. This is why market observers also rank All for One Steeb amongst the leading players for Outsourcing and Cloud Services, Business Analytics and Performance Management, Human Capital Management and Application Management Services. As a one-stop-shop and reliable general contractor, All for One Steeb employs some 1,000 employees and serves over 2,000 clients among machinery and equipment manufacturers, automotive suppliers, consumer goods industry, technical wholesalers and project and engineering service providers. All for One Steeb provides high-availability IT operations, as a full service out of its datacenters, for all business-related IT systems – including SAP Solutions, Microsoft Exchange and many others. As a founding member of United VARs, the global network of leading SAP partners for small and mid-sized enterprises, All for One Steeb guarantees a comprehensive consulting and service portfolio as well as the best local support in 54 countries. All for One Steeb ranks among Germany’s best employers (Great Place to Work) and the best IT consultants for the German midmarket (TOP CONSULTANT). In the financial year 2012/13, All for One Steeb AG achieved a preliminary turnover of EUR 186 million. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000). For the Editorial Department YouTube Follow us Contact: All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail dirk.sonntag@all-for-one.com End of Corporate News 28.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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 News | DGAP News-Service |
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