All for One Group SE — M&A Activity 2008

Feb 14, 2008

News Details

Ad-hoc | 14 February 2008 15:23

AC-Service Plans Sale of ACCURAT Business to Focus on SAP

AC-Service AG / Disposal/Letter of Intent

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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AC-Service Plans Sale of ACCURAT Business to Focus on SAP

Sale of ACCURAT Informatik GmbH sought. Exclusive negotiations following
letter of intent of 14 February 2008 with SD WORX. Transaction should be
completed in first half of 2008. AC-Group consistently pursuing strategic
realignment and focussing on its wide range of SAP services.

Stuttgart, 14 February 2008 – With the consistent implementation of its
strategic realignment as a full-scale SAP service provider, the AC-Group is
accelerating the expansion of its leading position on the SAP midmarket
segment serving small to mid-sized businesses in regions where German is
spoken. With this in mind, AC-Service AG intends to sell all of its
shareholdings in ACCURAT Informatik GmbH. ACCURAT Informatik GmbH operates
in the Human Resource Services segment and in 2006 posted sales of some EUR
10 million. Services are provided using a proprietary payrolling solution
that primarily addresses the German market of non-SAP users. The company is
headquartered in Dreieich near Frankfurt and reported a workforce of 95
full-time equivalents as at 31 December 2007. ACCURAT offices are located
in Berlin, Leipzig and Rostock. Following the completion of last year’s
merger with its ACCURAT Consulting GmbH subsidiary, ACCURAT Informatik GmbH
now represents AC-Service AG’s entire Human Resource Services business
division.

The letter of intent concluded with SD WORX (SD Diensten nv) of Antwerp on
14 February 2008 calls for the purchase of all the shares of ACCURAT
Informatik GmbH at a price to be paid immediately in cash. The transaction,
which is to be completed in the first half of 2008, is subject among other
things to satisfactory results from the pending due diligence audit and to
the signing of a detailed share purchase agreement with SD WORX.

After assessing other proposals, the board of directors of AC-Service AG
decided to hold negotiations on concluding a share purchase agreement with
this prospective buyer on an exclusive basis and for a limited period of
time.

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Information and Explaination of the Issuer to this News:

Background Information on SD WORX
SD WORX is a leading European HR Services provider which services more than
40.000 clients across Europe. SD WORX offers payroll services, HR
automation and social and legal advice in more than 20 European countries
either via its own subsidiaries or via its partner network. SD WORX
headquarters is based in Belgium. The company employs 1.600 people and
handles 960.000 payrolls every month. Recently SD WORX also acquired
companies in the Netherlands and France.

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 475 staff members and expects sales of around 83 to 85 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

Images:
www.ac-service.com/press-photos

Contact:
AC-Service AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
dirk.sonntag@de.ac-service.com

14.02.2008 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: info@de.ac-service.com
Internet: www.ac-service.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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