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TAR - ALLGEIER SE: Allgeier SE and Ciber, Inc. combine SAP business in Germany

Company: Allgeier SE Date: 2017-02-03 Language: English Register to download

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 News Details

Ad-hoc | 3 February 2017 22:35

#   

ALLGEIER SE: Allgeier SE and Ciber, Inc. combine SAP business in Germany

ALLGEIER SE / Key word(s): Takeover

03-Feb-2017 / 22:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, 3 February 2017 - Allgeier SE (ISIN DE0005086300, WKN 508630) and
Ciber, Inc., headquartered in Denver, Colorado, USA, have reached an
agreement today to combine their activities in the German market for SAP
Consulting Services and SAP Managed Services. To this end, Ciber is selling
its German companies, namely Ciber AG based in Heidelberg and Ciber Managed
Services GmbH based in Freiburg, to Allgeier Enterprise Services AG. In
addition, Ciber France SAS based in Entzheim, France, and major parts of
the operations, including the customer relationships and employees of Ciber
Danmark A/S headquartered in Brøndby, Denmark, will be transferred, along
with the software solution Ciber Compliance Suite for SAP Systems.

Allgeier will combine the acquired Ciber entities with its own existing SAP
business in Allgeier ConsultingServices GmbH based in Kronberg and
Allgeier Midmarket Services GmbH based in Freiburg under the umbrella of
Allgeier Enterprise Services AG.

The purchase price of the shares and assets acquired from Ciber amounts up
to EUR 8 million. Part of the purchase price is contingent on the economic
performance of the organization unit created through the process in 2017
and 2018. The transaction will take place once approval has been obtained
from the antitrust authorities.

Ciber has found Allgeier as a competent and powerful partner to further and
expand the business with major domestic and international companies as well
as mid-sized companies at the high end of the market in Germany, France and
Denmark. Allgeier is strengthening its Enterprise Services business and
reinforcing its position as a leading full service provider of SAP
Enterprise Services.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
e-mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for digital transformation:
with a growth strategy oriented to innovations and future trends, as well
as an integrative business model, Allgeier seizes the opportunities that
digitalization offers. Three operating segments, each with their individual
specialist or sector-related focal points, work together for more than
3,000 customers from almost all business sectors. With more than 6,100
salaried employees and more than 1,300 freelance experts, Allgeier offers
its customers an extensive one-stop-shop range of solutions and services.
With a highly flexible delivery model, Allgeier covers the entire IT
service spectrum from on-site through to nearshore and offshore: with a
strong business pillar in India, the company secures flexibility and
maximum scalability of services, as well as highly qualified high-end
software development expertise. Allgeier customers include globally
operating groups as well as innovative medium-size business operations that
aim to secure strategic advantages through high-performance IT solutions,
intelligent software and flexible personnel services. This Munich-based,
fast-growing Group maintains more than 90 branches in German-speaking
countries, the rest of Europe, as well as in India, Singapore, Vietnam,
Mexico and the USA. Allgeier generated EUR 445 million of revenue in 2015
(continuing operations). Allgeier SE ranks first in the 2016 Lünendonk(R)
list of "Leading German Medium-Sized IT Consultants and System
Integrators". According to the Lünendonk(R) 2016 market segment study "The
Market for Recruiting, Mediating and Managing IT Freelancers in Germany",
Allgeier Experts ranks among Germany's top three IT personnel service
providers. Allgeier SE is listed on the Regulated Market of the Frankfurt
Stock Exchange (WKN 508630, ISIN DE0005086300). For more information,
visit: www.allgeier.com.

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03-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:    English
   Company:     ALLGEIER SE
                Wehrlestraße 12
                81679 München
                Germany
   Phone:       +49 (0) 89 - 99 84 21 0
   Fax:         +49 (0) 89 - 99 84 21 11
   E-mail:      info@allgeier.com
   Internet:    http://www.allgeier.com
   ISIN:        DE0005086300
   WKN:         508630
   Indices:     CDAX
   Listed:      Regulated Market in Frankfurt; Regulated Unofficial Market
                in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart,
                Tradegate Exchange



     End of Announcement    DGAP News Service