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All for One Group SE — M&A Activity 2013
Oct 10, 2013
27_rns_2013-10-10_cf119a68-0be9-4c28-a359-6ba97b334f4a.html
M&A Activity
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Corporate | 10 October 2013 19:10
All for One Steeb AG Seeks to Invest in Customer Base for SAP Human Capital Management
All for One Steeb AG / Key word(s): Acquisition/Corporate Action
10.10.2013 / 19:10
All for One Steeb AG Seeks to Invest in Customer Base for SAP Human Capital Management
Equity interest in KWP Group to be raised to 100% / Besides cash component, capital increase against non-cash contributions from authorised capital intended / Closer integration of largest subsidiary to reinforce the Number 1 position in German-speaking countries / Leading the way on the HR market with SAP Cloud Services and SuccessFactors
Filderstadt, 10 October 2013 – All for One Steeb AG, the leading integrated full-service provider in the German-speaking SAP midmarket segment, intends to further expand its activities relating to SAP Human Capital Management. To accomplish this, increased investments in the customers and services of its largest Group company are intended. The equity interest in the subsidiary KWP Kümmel, Wiedmann + Partner Unternehmensberatung GmbH, Heilbronn, (KWP), is to be increased from its current 56% to 100%. KWP shareholder and managing director Hartmut Kümmel intends to contribute his share of KWP in the amount of 34% of the nominal capital in return for which he is to receive 122,000 new shares of All for One Steeb AG stock and a cash payment. This action would involve increasing All for One Steeb AG’s share capital – presently EUR 14.58 million and divided into 4,860,000 registered shares – to EUR 14.946 million divided into 4,982,000 shares. The interest in KWP held by Joachim Volpert (10% of the nominal capital) is, however, to be compensated for in cash.
The management board of All for One Steeb AG reached an underlying agreement about the terms of the transaction with Kümmel and Volpert on 10 October 2013. The management board is expected to adopt the resolution for the capital increase before the end of autumn 2013. The capital increase and the agreements to be concluded in connection with the acquisition of the shareholdings still require the approval of the supervisory board, and the increase in the equity interest in KWP may also require authorisation from antitrust authorities.
Following a robust growth phase in recent years, KWP is recognised as a market leader for SAP ERP Human Capital Management, most recently (financial year 2011/12) generated revenues of nearly EUR 17 million and currently employs more than 140 people.
Hartmut Kümmel and Joachim Volpert, KWP managing directors: »In only four years All for One Steeb more than doubled its revenues and has risen to become the recognised Number 1 in the German-speaking SAP midmarket segment. This is the kind of remarkable success story to which we intend to add many more exciting chapters. This is also why we are now closing ranks and sending a clear signal of the great things to come for our customers and employees alike. We’ll remain dedicated and involved for the long term in our roles as both managing directors of KWP within the All for One Steeb Group and as shareholders. We intend to vastly expand our mutual customer base through an interlocking and complementing range of products and services«.
Lars Landwehrkamp, CEO of All for One Steeb AG: »On its own, and over the decades, KWP has established a powerful brand thanks to its consistent focus on the SAP HCM market. All for One Steeb and KWP together already serve an installed base of more than 2,000 customers. Increasing our equity interest will enable us to develop this potential more intensively. We will build an even stronger profile, score points with our own offerings of SAP Cloud Solutions and SuccessFactors, and clearly position the benefits of our private cloud services to customers when choosing between outsourcing the IT operations or running them in house«.
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 900 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 2011/12, All for One Steeb AG achieved a turnover of EUR 153 million. 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 Steeb 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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| 234195 10.10.2013 |