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All for One Group SE — M&A Activity 2012
Aug 31, 2012
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M&A Activity
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Corporate | 31 August 2012 12:59
All for One Steeb AG Intends to Acquire OSC Group
All for One Steeb AG / Key word(s): Acquisition/Letter of Intent
31.08.2012 / 12:59
All for One Steeb AG Intends to Acquire OSC Group
Local presence in northern Germany to be greatly expanded / Acquisition of an initial 60% of the shareholdings intended
Filderstadt, 31 August 2012 – All for One Steeb AG and the shareholders of myOSC.com AG, Lübeck, Dr. Dietmar Kamp, Timm Nissen and Peter Duve, have signed a comprehensive letter of intent that foresees a complete takeover of myOSC.com AG and its subsidiaries in the coming years. According to the letter, All for One Steeb AG intends to initially acquire 60% of the shareholdings in the company and the remaining 40% of the shares following the end of a multi-year earnout period. The three company founders will continue to manage the business and serve as directors of myOSC.com AG and managing directors of its subsidiaries. All for One Steeb AG will use this planned equity deal to greatly expand its local presence in northern Germany, and in so doing significantly enhance customer service and support.
Established in 1993, the OSC Group (»Open Systems Consulting«) is one of the strongest mid-size SAP consulting companies when it comes to sales. 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. The OSC Group is not only an SAP Special Expertise Partner for Supply Chain Execution and SAP Professional Services, but also operates successfully in the fields of SAP Human Capital Management, SAP Business Analytics and SAP Business One.
By decidedly strengthening its local presence in the north of Germany, All for One Steeb AG would also further enhance its position as the No. 1 for SAP among small and mid-sized businesses in what is called the DACH market (Germany, Austria and Switzerland). The acquisition of the shareholdings is expected to be completed in the coming weeks subject to, among other things, finalising the purchase agreement taking into account any rights to reserve approval.
myOSC.com AG
Timm Nissen, Director of myOSC.com AG: »This planned combination with the No. 1 on the market offers outstanding long-term opportunities for customers and employees alike. Our customers are asking more and more about resources such as cloud services, business intelligence and mobility – areas in which All for One Steeb has positioned itself as an efficient and powerful service provider. And so, the intended alliance will enable us to provide greater benefits to our customers by more comprehensively fulfilling our role as an ERP pilot.«
All for One Steeb AG
Andreas Naunin, All for One Steeb AG management team executive responsible for Business Development, Marketing and Alliance Management: »I know and value the OSC team from my time as the head of SAP Germany's SME division. OSC has established an impeccable reputation in the north and has gained predominance through its strong local ties, excellent customer relations and marketing power.«
Lars Landwehrkamp, CEO of All for One Steeb AG: »OSC and All for One Steeb have been working together successfully for many years as business partners. OSC now serves a large and prominent customer base particularly in the consumer-goods and process industries and the field of business logistics. Together we want to dramatically expand this good foundation.«
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 2011).
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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All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail [email protected]
End of Corporate News
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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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| 183760 31.08.2012 |