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All for One Group SE — M&A Activity 2012
Nov 7, 2012
27_rns_2012-11-07_5c38f13a-5910-485c-be4b-b5daa6c0d05f.html
M&A Activity
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Corporate | 7 November 2012 19:14
All for One Steeb AG: Share Purchase Agreement to Acquire OSC Group Signed
All for One Steeb AG / Key word(s): Acquisition/Contract
07.11.2012 / 19:14
All for One Steeb AG – Share Purchase Agreement to Acquire OSC Group Signed
Purchase agreement concluded / All for One Steeb to take over an initial 60% of the shareholdings in myOSC.com AG / Presence in northern Germany to be greatly expanded / More than 200 additional SAP clients
Filderstadt, 7 November 2012 – All for One Steeb AG and the shareholders of myOSC.com AG, Lübeck, Dr. Dietmar Kamp, Timm Nissen and Peter Duve, have finished the negotiations that were announced on 31 August 2012. As a result, All for One Steeb AG will acquire an initial 60% of the shares of myOSC.com from these three shareholders. Furthermore, the share purchase agreement that was signed today also sets forth the acquisition of the remaining 40% of the shares of the company and its subsidiaries by All for One Steeb AG at the end of a multi-year earnout period. The OSC Group will be fully included within All for One Steeb AG's consolidated financial statements beginning on 1 November 2012. The companies that comprise the group, namely myOSC.com AG at the top and the subsidiaries OSC Open Systems Consulting GmbH, Lübeck, OSC Smart Integration GmbH and OSC Business Solutions GmbH, both based in Hamburg, as well as OSC Business Xpert GmbH, Burgdorf, together employ some 80 people and most recently generated total annual revenues of approximately EUR 8 million.
OSC, as a new subsidiary of the All for One Steeb AG, will operate as an independent unit within the All for One Steeb Group. Both companies have been working together successfully as business partners for many years. Kamp, Nissen and Duve will continue to be directors of myOSC.com AG and managing directors of its subsidiaries. OSC is not only an SAP Special Expertise Partner for Supply Chain Execution and SAP Professional Services, but also operates profitably in the fields of SAP Human Capital Management, SAP Business Analytics and SAP Business One. The group serves over 200 clients in northern Germany and over 100 of these with SAP Business One. »Together we want to further expand this good foundation«, emphasised All for One Steeb CEO Lars Landwehrkamp and myOSC.com Director Timm Nissen. In Hamburg All for One Steeb and OSC will be occupying joint offices at SAP's new site in Hamburg Rotherbaum.
This acquisition of the OSC Group not only enables All for One Steeb AG to decisively expand its local footprint in northern Germany, but to also further enhance its position as the No. 1 for SAP among small and mid-sized companies in what is known as the DACH market (Germany, Austria and Switzerland).
About All for One Steeb AG
All for One Steeb AG ranks as one of the leading SAP full-service providers for small and medium enterprises in German-speaking countries. The SAP Gold Partner's portfolio comprises end-to-end solutions along the whole of the IT value chain – from SAP industry solutions to outsourcing services and application management. As a one-stop-shop for all SAP-related services, All for One Steeb is a reliable general contractor for small and mid-sized enterprises. With around 700 employees, it serves over 2,000 clients among machinery and equipment manufacturers, automotive suppliers, consumer goods industry, technical wholesalers and project and engineering service providers. As a founding member of United VARs, the global network of leading SAP partners for small and mid-sized enterprises, All for One Steeb guarantees a comprehensive consulting and service portfolio as well as the best local support in more than 56 countries. All for One Steeb ranks among Germany's best employers (Great Place to Work 2010) and the best IT consultants for the German midmarket (TOP CONSULTANT 2012/13).
In the financial year 2010/11, All for One Steeb AG (All for One Midmarket AG) achieved a turnover of EUR 90 million – not including Steeb. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000).
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Contact:
All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail [email protected]
End of Corporate News
07.11.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | All for One Steeb 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: | [email protected] |
| 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 News | DGAP News-Service |
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| 192106 07.11.2012 |