Allgeier SE — M&A Activity 2012

Aug 2, 2012

News Details

Ad-hoc | 2 August 2012 11:04

Allgeier further expands its personnel services business

ALLGEIER SE / Key word(s): Acquisition

02.08.2012 11:04

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Munich, August 2, 2012 - Allgeier SE (ISIN DE0005086300, WKN 508630), one
of the leading companies in the German IT sector, has reached agreement
with the owner and management of tecops personal GmbH to further develop
TECOPS in the future as part of the Allgeier Experts Division. Today,
Thursday, Allgeier SE reached agreement with the sole shareholder of tecops
personal GmbH concerning the purchase of 100 percent of the shares in the
company, and has concluded corresponding agreements. As a consequence,
Allgeier is continuing to pursue its successful policy of acquiring
interests in high-growth companies through stringently selected and
value-creating acquisitions. The planned purchase price comprises a
double-digit amount in millions of euros. The efficacy of the agreement is
subject to normal anti-trust conditions. The agreements are expected to be
executed within the coming weeks.

TECOPS has more than 20 years of experience in the recruitment and
mediation of specialist staff. The company currently employs 1,400 staff at
12 locations, and can make recourse to a pool of 60,000 IT specialists and
technical staff. The range of services focuses on personnel outsourcing in
the IT and commercial area, the mediation of IT specialists, and project
services. The company has reported strong revenue and earnings growth over
the last five years, and turned over more than EUR 50 million in 2011. For
2012, tecops personal GmbH plans further sustainable revenue and earnings
growth.

The Allgeier Experts Division, with its companies Goetzfried and U.N.P.,
commands more than 30 years' experience in the provision of expertise and
flexible personal resources. As part of a complete service approach, the
division offers all personnel services on a one-stop-shop basis spanning
consulting, planning, and recruitment, through to the operational
implementation of IT projects and subsequent operation. The business areas
of TECOPS and Allgeier complement each other ideally. With the acquisition,
Allgeier aims to further expand its portfolio of products and services, as
well as its comprehensive geographic coverage in the growth market for IT
personnel services.

TECOPS' board and management team will continue to bear corporate
responsibility within the framework of strategically coordinated planning.
The current sole shareholder of tecops personal GmbH, Reiner Pientka,
intends to invest in a significant shareholding in Allgeier SE, and will
accompany TECOPS and Allgeier in the future on a consultative basis.

Contact:

Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@allgeier.com
Web: www.allgeier.com

Munich-based Allgeier SE is one of the leading consulting and service
companies in the German-speaking region. With more than 2,600 employees and
around 1,500 freelance IT experts, Allgeier offers its customers a complete
service approach spanning design, implementation, and through to the
operation of IT landscapes. Fifteen corporate units, each with its own
specialist and sector-related focus, work together for more than 2,000
customers from almost all sectors. Allgeier combines the expertise and
customer-proximity of medium-sized company units with an international,
listed company's strength and performance. This high-growth company
currently operates at more than 80 sites in the German-speaking region, and
at further locations in the rest of Europe, as well as in India, Mexico and
the USA. Allgeier generated EUR 379 million of revenue in 2011. The company
is listed on the regular market of the Frankfurt Stock Exchange in the
General Standard segment (WKN 508630 / ISIN DE0005086300). Further
information is available on the company's website at: www.allgeier.com.

02.08.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: ALLGEIER SE
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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