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All for One Group SE — M&A Activity 2012
Aug 31, 2012
27_rns_2012-08-31_d21258b3-ff47-4e00-907d-0886275b8573.html
M&A Activity
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Ad-hoc | 31 August 2012 12:51
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 12:51
Dissemination 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.
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.
Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
[email protected]
31.08.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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 Announcement DGAP News-Service