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All for One Group SE — M&A Activity 2007
Aug 14, 2007
27_rns_2007-08-14_45361834-a7c4-42d3-b1ba-9d854d36bf8d.html
M&A Activity
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Corporate | 14 August 2007 08:36
AC-Service AG: AC-Service Further Expanding its SAP HCM Activities
AC-Service AG / Acquisition
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 Further Expanding its SAP HCM Activities
Kümmel, Wiedmann + Partner Unternehmensberatung (KWP) purchases 70% of
Magnisol Deutschland. Enlarged footprint in Germany. Shared Services Center
for globally operating railway industry group as starting point for
Business Process Outsourcing. Global Magnisol Group increasing KWP’s range
of products and services for international Human Capital Management
projects and services. Own estimates of market share in Germany put at
about 17%.
Stuttgart, 14 August 2007 – AC-Service is further expanding its SAP Human
Capital Management (HCM) activities. The core of these activities is formed
by the 56% equity holding in the company Kümmel, Wiedmann + Partner
Unternehmensberatung GmbH (KWP) of Talheim, which in mid-August took over a
70% share of Magnisol Deutschland GmbH, Hamburg. Like KWP, Magnisol
Deutschland specialises in the human resources issues involved in SAP HCM.
It employs a staff of 12 and expects revenues of some EUR 1.0 to 1.2
million for 2007. There will be no change in the management of Magnisol
Deutschland consisting of Thomas Scharsack and Nikolai Hartmann. Prior to
KWP coming on board, these two managing sole shareholders each held
one-half of the shares. Following KWP’s entry Scharsack and Hartmann each
now retain a share of 15% as minority shareholders.
With over 600 current clients, KWP is one of the leading SAP HCM consulting
companies in Germany and based on its estimates would have a market share
of some 17%. In light of this, the two KWP managing directors Hartmut
Kümmel and Joachim Volpert see this majority equity interest in Magnisol
Deutschland primarily as »the expansion of the local presence, the
establishment of HCM Business Process Outsourcing Services and the
enhancement of products and services for internationally aligned clients.«
The Magnisol location in Hamburg and the opening of an additional KWP site
in Berlin planned for early September 2007 are important pillars for
further expanding the customer base in these important and powerful
economic regions.
Magnisol Deutschland has implemented SAP HCM projects in companies such as
Vattenfall Europe Information Services, Blohm & Voss, Edding AG, RWE Umwelt
AG, Schering AG and Kraft Foods, and also operates through it’s 100%
subsidiary hcc professional services GmbH, Hamburg, a multi-language Shared
Services Center to meet the HCM demands of a globally railway industry
group. Scharsack and Hartmann are pleased to report how, »this kind of
expertise is an excellent starting point for us together with KWP to
provide more and more Shared Services Center services and business process
outsourcing for SAP HCM on both a domestic and international basis.« Market
observers foresee great growth opportunities for such business activities.
What’s more, Magnisol Deutschland is a 11% stakeholder in the Irish firm
Magnisol Ltd, Dublin. This company sits atop a globally operating group of
SAP HCM consulting companies from France, Denmark, Great Britain, the
United States and South Africa, which hold leading positions in their
markets and support each other in serving international clients.
You can find additional information on the Internet at www.ac-service.com,
www.kwpartner.de and www.magnisol.de
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-size business
market. Market observers rank AC-Service among the leading companies
serving the German-language market for SAP and HR services. AC-Service AG
features a number of established brands including AC, All for One, Process
Partner, KWP and ACCURAT. Originating in Switzerland, the AC Group has been
operating for over 45 years, offers a sustainable track record and serves
over 1,200 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 IT services on a 'leading edge technology basis',
payroll and 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 and is regularly
recognised with awards for outstanding customer satisfaction and service
quality. AC-Service pursues a clear growth strategy, currently employs
around 445 staff members and expects sales of around 77 to 79 million Euros
in 2007. 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 percent of its
stock.
www.ac-service.com/english
Contact:
AC-Service AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
[email protected]
DGAP 14.08.2007
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
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service