Allgeier SE — M&A Activity 2011

Aug 2, 2011

News Details

Ad-hoc | 2 August 2011 13:11

Allgeier Holding AG: Allgeier strengthens its presence in the healthcare market

ALLGEIER HOLDING AG / Key word(s): Acquisition

02.08.2011 13:11

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Munich, 2 August 2011 - Munich-based Allgeier Holding AG (ISIN:
DE0005086300; WKN 508630) today signed an agreement with the shareholders
of IT solution provider GEMED Gesellschaft für medizinisches
Datenmanagement mbH to acquire all the shares in the company. The purchase
price for the Ulm (Germany) based company is in the lower single-digit
million range; part of the price will be an earn-out payment based on
achieving future objectives. The transfer of shares (closing) is dependent
on compliance with the usual contractual terms and is expected to be
completed within the next few days.

Through this acquisition of GEMED, Allgeier Group is further strengthening
their market position and their existing service portfolio as an IT service
provider for the healthcare market. GEMED develops, produces and implements
modular 'Picture Archiving and Communication Systems' (PACS) which are used
in hospitals, radiology units and orthopaedic centres.

With over 500 systems installed in Germany and Switzerland, GEMED is a
leading speciality supplier in the medical technology industry. In 2010,
the company achieved sales of approx. EUR 3 million and over the years, it
has gained a track record of positive results and constant growth.
The current owners of GEMED will serve as managing directors in the future.

Contact:
Allgeier Holding AG
Wehrlestr. 12
81679 Munich / Germany
Phone +49 89 998421-0
Fax +49 89 998421-11
www.allgeier.com

Allgeier Holding AG, with its headquarters in Munich, is one of the leading
consultancy and service companies in the German-speaking countries. With
their units IT Solutions, IT Services & Recruiting and Project Solutions,
Allgeier offers a comprehensive range of services from the initial concept
through implementation to the operation of IT landscapes. Allgeier Group
has 17 operational subsidiaries with over 2,100 employees as well as more
than 1,400 freelance experts serving some 3,000 customers in virtually
every area of the economy. In Germany, the Group runs 52 subsidiaries as
well as 25 offices in Austria, Belgium, France, the Netherlands, Romania,
Sweden, Switzerland and the Czech Republic as well as in India, Mexico and
United States. During the 2010 financial year, Allgeier achieved sales of
EUR 308.7 million. According to Lünendonk's market segment survey in 2010,
Allgeier ranks no. 2 among the medium-sized IT service companies and no. 2
among IT recruitment companies in Germany. The company is listed at the
Frankfurt Stock Exchange.

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Language: English
Company: ALLGEIER HOLDING AG
Wehrlestraße 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info@allgeier.com
Internet: http://www.allgeier.com
ISIN: DE0005086300
WKN: 508630
Indices: CDAX
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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