All for One Group SE — M&A Activity 2011

Nov 10, 2011

News Details

Ad-hoc | 10 November 2011 16:32

All for One Midmarket AG: Agreement Signed to Acquire Steeb Anwendungssysteme GmbH

All for One Midmarket AG / Key word(s): Acquisition/Mergers & Acquisitions

10.11.2011 16:32

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All for One Midmarket AG - Agreement Signed to Acquire Steeb
Anwendungssysteme GmbH

Negotiations with SAP AG concluded / All for One to take over 100% of Steeb
/ Andreas Naunin to move from SAP to All for One

Filderstadt, 10 November 2011 - All for One and SAP have concluded the
exclusive negotiations that were announced on 15 September 2011. As a
result All for One Midmarket AG will acquire from SAP AG, Walldorf, 100% of
the shareholdings in Steeb Anwendungssysteme GmbH, Abstatt. The
corresponding share purchase agreement was signed today. The acquisition is
to be completed before the end of 2011, assuming approval by the antitrust
authorities amongst other things. The actual purchase price, which will be
mostly debt-financed, is in the mid-double-digit-million range and will
depend largely on the balance sheet structure at the time the acquisition
is closed.

Following the completion of the integration phase (financial year 2011/12
ending on 30 September 2012), the newly formed All for One expects to post
total sales revenues of more than EUR 160 million with the first full-year
inclusion of Steeb in the financial year 2012/13. By that time the aspired
EBIT margin should already be above 5%.

This Steeb acquisition will see All for One and SAP closing ranks even
further. Andreas Naunin, previously the Head of SME and a member of the
Management Board of SAP Deutschland AG & Co. KG, will move to All for One.
The newly formed company will support and service the largest installed SAP
customer base in the German-language midmarket segment. The objective is to
more rapidly expand the company's leading position in the growing markets
for the SAP Business Suite, SAP Business Analytics, SAP Mobile Solutions,
SAP Outsourcing Services and SAP Business ByDesign among small to mid-size
enterprises.

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

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Language: English
Company: All for One Midmarket AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Germany
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, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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