adesso SE

M&A Activity • Nov 20, 2009

News Details

Corporate | 20 November 2009 09:18

adesso continues expansions in Austria by acquiring the IT consulting company CFC Informationssysteme

adesso AG / Acquisition

20.11.2009

Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.

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adesso continues expansions in Austria by acquiring the IT consulting
company CFC Informationssysteme

By acquiring CFC Informationssysteme adesso targeted complements its
existing portfolio in Austria by the service of IT consulting. In only one
year since market entry, the adesso subsidiary adesso Austria is now able
to offer large parts of the adesso portfolio. With total sales figures of
more than 6 million EUR in Austria, adesso Austria ranks among the major
independent IT services providers in its country. CFC Informationssysteme
achieves a pre-tax return of more than 25 percent at total sales figures of
2 million EUR in 2009.

CFC's business is to consult on the interfaces between business logics and
processes as well as on the transfer of these logics and processes to IT
systems. adesso Austria and CFC have worked together in projects before.
The supplementary competencies of both companies will henceforth be
consolidated and the companies will operate under the name of adesso
Austria. The founder and seller of CFC, the graduate engineer Thomas
Zellinger, completes the management team of adesso Austria in Vienna.
Zellinger has valuable network and business contacts in Austrian economy.

The purchase price amounts to 2.25 million EUR plus results-based
properties which are dependent on the development of the upcoming business
year. adesso Austria is the purchaser and finances the acquisition with a
credit, making use of the currently favorable credit conditions. The main
tasks in Austria now consist of integrating the two companies and pursuing
the strategy of organic growth.

The Executive Board

Contact:
Contact person, Investor Relations:
Christoph Junge
junge@adesso.de

Contact person, Press Relations:
Martin Moellmann
moellmann@adesso.de

adesso AG
Stockholmer Allee 24
44269 Dortmund
GERMANY
Tel.: +49 231 930-9330
Fax: +49 231 930-8996
www.adesso-group.de | www.adesso.de

20.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: adesso AG
Stockholmer Allee 24
44269 Dortmund
Deutschland
Phone: +49 (0) 231 930-9330
Fax: +49 (0) 231 930-8996
E-mail: ir@adesso.de
Internet: www.adesso-group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Düsseldorf, Stuttgart,
Hamburg

End of News DGAP News-Service

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