All for One Group SE — M&A Activity 2009

Aug 24, 2009

News Details

Ad-hoc | 24 August 2009 19:50

All for One Midmarket AG Sells Equity Stake

All for One Midmarket AG / Disposal/Strategic Company Decision

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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All for One Midmarket AG Sells Equity Stake

95% equity interest in AC-Service (Schweiz) AG to be sold to Bedag
Informatik AG / Share purchase agreement signed / Distinct profile as
industry-focused SAP full-service provider / Well-positioned in the Swiss
SAP market with Process Partner AG / Greater leeway for acquisitions

Filderstadt, 24 August 2009 - All for One Midmarket AG, a leader in both
the manufacturing and supplier industry and among service providers in the
SAP midmarket segment in countries where German is spoken, is selling its
95% equity interest in AC-Service (Schweiz) AG. The share purchase
agreement with Bedag Informatik AG, Bern, was already signed.

The sale price includes a fixed component equivalent to EUR 5.0 million
(CHF 7.6 million), an earnings and financial equalisation determined on the
basis of the interim financial statements as at 31 August 2009 and a
variable purchase price (earnout) component in an amount that depends on
the company's future business performance. The purchase price will be paid
in cash and, based on preliminary calculations, will result in a profit
from the deconsolidation of approximately EUR 2 million reflected in All
for One Midmarket AG's consolidated financial statements. The sale will be
executed and come into force on 1 September 2009. The equity interest,
which has been reported as a »discontinued operation« since 1 January 2009,
will then be deconsolidated.

AC-Service (Schweiz) AG, which is located in Wettingen near Zürich, focuses
on managed services for Swiss health care and public sector entities, and
thus operates outside the All for One Group's strategic industry segments.
The company posted sales revenues equivalent to some EUR 13 million with
its staff of 71 employees in the financial year 2008.

With the sale of this equity interest in AC-Service (Schweiz) AG, which was
preceded in May 2008 by the sale of ACCURAT, All for One Midmarket AG will
garner a distinct profile as an industry-focused full-service provider in
the SAP midmarket segment in countries where German is spoken. Furthermore,
the divestiture of this equity stake will provide greater leeway for
undertaking potential acquisitions. All for One is already well-positioned
in the Swiss SAP market with its wholly-owned subsidiary Process Partner
AG, St. Gallen, whose activities are currently being further expanded.

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Information and Explaination of the Issuer to this News:

Dr. Jean Pernet, the president of the administrative board of Bedag
Informatik AG, said: »With this acquisition we would like to strengthen our
leading position as a data processing center for public authorities and the
administrative health care sector in Switzerland. The acquisition of
AC-Service (Schweiz) AG allows us to take a big step forward in our efforts
to achieve cost leadership due to rapidly feasible economies of scale.
AC-Service has an established customer base and an outstanding reputation
within the segments we serve. This is a combination that fits the strategy
of the shareholder as well as our company strategy perfectly«.

»We are delighted at having come to a successful agreement. As a
full-service provider for the SAP midmarket sector in countries where
German is spoken, we now have a distinct industry profile that underscores
our leading position. Bedag can provide AC-Service (Schweiz) AG with good
opportunities for growth and development, which, because of differences in
business strategy, were unavailable to it as part of the All for One
Group«, said Lars Landwehrkamp, spokesman of the management board of All
for One Midmarket AG.

About All for One Midmarket AG:

All for One Midmarket AG which operates primarily in Germany, Austria and
Switzerland, is an industry focussed IT full-service provider for the
mid-size business market. Market observers rank All for One amongst the
leading players in the German-language SAP midmarket segment. The Group
features established brands including All for One, AC, Process Partner, KWP
and serves over 1,000 clients. Its portfolio comprises end-to-end solutions
along the whole of the IT value chain - from SAP industry solutions for the
midmarket to outsourcing services and application management. All for One
Midmarket AG pursues a clear growth strategy and achieved a Group turnover
of EUR 85.2 million in 2008.

All for One Midmarket 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 58% of its stock.

www.all-for-one.com/english

Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag@all-for-one.com

24.08.2009 Financial News transmitted by DGAP

Language: English
Issuer: All for One Midmarket AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Deutschland
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: dirk.sonntag@all-for-one.com
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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