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All for One Group SE — AGM Information 2008
Jun 25, 2008
27_rns_2008-06-25_0ca262c2-07f0-4f8c-b430-686202a930a3.html
AGM Information
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Corporate | 25 June 2008 17:38
AC-Service AG to Change its Name to All for One Midmarket AG
AC-Service AG / AGM/EGM/Strategic Company Decision
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
AC-Service AG to Change its Name to All for One Midmarket AG
Strategy to be reflected in the company name / Annual General Meeting
approves change of AC-Service AG’s name to All for One Midmarket AG /
Overwhelming approval for all other proposals presented at the Annual
General Meeting
Stuttgart, 25 June 2008 – It was with a big majority that AC-Service AG’s
Annual General Meeting today approved a resolution to change AC-Service AG
into All for One Midmarket AG.
The Supervisory and Management Boards had recommended this proposal to the
Annual General Meeting as part of implementing the corporate strategy,
which calls for moving forward along the dynamic and robust growth path as
a leading full service provider within the SAP midmarket segment where
German is spoken. In the course of the 3rd quarter of 2008, the German
organisation of the largest business division »Integrated Solutions« and
the Group’s parent are expected to form All for One Midmarket AG (ISIN
DE0005110001), which is listed on the Prime Standard segment of the
Frankfurt Stock Exchange.
Before the name change, All for One Midmarket Solutions & Services GmbH,
Stuttgart, will merge into AC-Service AG. This name change will help
streamline the entire Group’s organisation and will increase the focus on
the integrated business model of this SAP full service provider.
»We have already accomplished a great deal in the SAP segment with the All
for One brand over the past years. Now, with the merger into AC-Service AG
and the name change, we want to convey yet another message both inside and
outside the organisation – we are a modern high-growth company and want to
be seen as such«, said Lars Landwehrkamp, the Management Board spokesman.
The names of the Swiss subsidiaries of the new All for One Midmarket AG
remain unchanged as AC-Service (Schweiz) AG and Process Partner AG
respectively. The names of the subsidiaries in Belgium and Luxemburg as
well the KWP Group also remain unchanged.
The successful restructuring of the corporate financing also met with great
approval and was reported in an ad hoc announcement released on 24 June
2008, the day before the Annual General Meeting. The signing of new
long-term credit agreements to enable the planned investments in new data
centers and to further integrate the corporate divisions, forms an
important basis for further growth and for increased profitability.
»We have now got the financing partners and the stability we need to put
our ambitious projects into action in the following quarters«, stated
Stefan Land, the company’s Chief Financial Officer.
All other agenda items were approved with overwhelming majority. 63% of the
shares were represented.
More information, including the remarks and presentations made at the
Annual General Meeting are available on the Internet at
www.ac-service.com/english
Background Information on AC-Service AG
Operating primarily in Germany, Austria and Switzerland, AC-Service is an
industry focussed IT full service provider for the mid-sized business
market. Market observers rank AC-Service among the leading companies
serving the German-language market for SAP. AC-Service AG features a number
of established brands including AC, All for One, Process Partner and KWP.
Originating in Switzerland, the AC-Group has been operating for over 45
years, offers a sustainable track record and serves over 1,000 clients.
With wide-ranging expertise in the whole of the IT value chain, AC
implements integral solutions providing SAP licenses and software
maintenance, industry solutions, business consulting, business
intelligence, managed services on a »leading edge technology« basis, human
capital management as well as HR business process outsourcing. With its
outstanding service culture and extensive industry know-how, the AC-Group
makes claim to a quality leadership with excellent customer satisfaction
and service quality. AC-Service pursues a clear growth strategy and expects
sales of around EUR 82 million to 85 million in 2008 without the ACCURAT
division (»discontinued operations«). AC-Service AG is listed in the Prime
Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN
511 000) and is a subsidiary of BEKO HOLDING AG, which owns approximately
55% of its stock.
www.ac-service.com/english
Contact:
AC-Service AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
[email protected]
25.06.2008 Financial News transmitted by DGAP
Language: English
Issuer: AC-Service AG
Schockenriedstr. 7
70565 Stuttgart
Deutschland
Phone: 07 11-7 88 07-260
Fax: 07 11-7 88 07-222
E-mail: [email protected]
Internet: www.ac-service.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service