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Allgeier SE — M&A Activity 2012
May 16, 2012
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M&A Activity
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Corporate | 16 May 2012 10:05
Allgeier Services – Munich-based IT service companies TOPjects, Softcon and Xiopia bundle their capabilities to focus on new objectives
ALLGEIER HOLDING SE / Key word(s): Strategic Company Decision
16.05.2012 / 10:05
Munich, May 16, 2012 - Allgeier-owned IT service companies TOPjects, Softcon
and Xiopia plan to significantly expand and enhance their service portfolio.
The successful collaboration implemented for many years is to be organised
and developed under the common umbrella of a new division in future. By
bundling capabilities, a new generation of integrated IT service provider
will be created. The Allgeier Services Division will provide a comprehensive
portfolio of services from a single source covering strategic IT consulting,
software development, managed services and application and infrastructure
offerings. The companies aim to maintain their growth course in the new
division and to take up a market-leading position. With around 300 employees
and a further 450 freelance specialists at twelve sites (Munich, Berlin,
Hamburg, Cologne, Frankfurt, Dortmund, Nuremburg, Leipzig and Timisoara),
the three companies posted revenues of around EUR 80 million in 2011.
By establishing the Allgeier Services Division, Allgeier Holding SE (WKN
508630 / ISIN DE0005086300) is continuing to pursue its strategy of
divisional reorganisation of its proven services and offerings. Allgeier is
thus combining the industry expertise and client proximity of medium-sized
entities with the performance levels and flexibility of a listed group. By
pursuing the strategy of greater divisional organisation, Allgeier is
focusing on growth and is at the same time able to systematically enter and
develop key future areas. Its clients are the main driving force in this
process. Allgeier aims to further enhance its performance levels and
excellence to provide even better solutions to their requirements in future.
The new Allgeier Services Division aims to continue its regional
diversification and to provide flexible near-shore solutions. Above all, the
scalability of service offerings is to be further improved. 'By bundling our
resources and services, we will create a clearer structure for our extensive
portfolio and continue to develop in line with our full-service approach.
Our clients will be the principal beneficiaries of these valuable
synergies', remarked Stephan Bals, Managing Director of Xiopia GmbH.
The newly devised growth strategy is based on strict sector focus and
addresses high-growth, innovative fields of technology in addition to the
core business. The new division intends to further expand its already strong
market position in the areas of infrastructure services, software
development, managed services, strategic IT consulting and implementation as
well as business intelligence solutions. New client acquisition in the
banking, telecommunications and automotive sectors confirm the current
strategy.
The acquisition of Skytec AG in Oberhaching at the start of the year was the
first indication of a significant, sustainable growth trend. Skytec has
significantly extended the new division's service and client portfolio.
Further strategic takeovers are planned in future to drive forward the
division's rapid expansion.
Contact:
Allgeier Holding SE
Dr. Christopher Große
Wehrlestr. 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
Email: [email protected]
Web: www.allgeier.com
Munich-based Allgeier Holding SE is one of the leading consulting and
service companies in the German-speaking region. With more than 2,500
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. Fourteen 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 local presence of medium-sized company units with the
performance strength and flexibility of a listed company. This high-growth
company currently operates at more than 50 sites in the German-speaking
region, and at 23 further locations in the rest of Europe, as well as in
India, Mexico and the USA. 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.
End of Corporate News
16.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: ALLGEIER HOLDING SE
Wehrlestraße 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: [email protected]
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 News DGAP News-Service
170219 16.05.2012