Bertolotti — M&A Activity 2019

Jan 29, 2019

Informazione Regolamentata n. 0469-8-2019		Data/Ora Ricezione 29 Gennaio 2019 11:54:52	MTA - Star
Societa'	:	BE
Identificativo Informazione Regolamentata	:	113373
Nome utilizzatore	:	SERVICEN02 - Sforza
Tipologia	:	REGEM
Data/Ora Ricezione	:	29 Gennaio 2019 11:54:52
Data/Ora Inizio Diffusione presunta	:	29 Gennaio 2019 11:54:54
Oggetto	:	REGEM-Be_PR20190129_R&L Deal
Testo del comunicato

Vedi allegato.

Be prepares the creation of a Leader in the Financial Industry in Baviera. Reached 100%

Shaping the future

January 29th, 2019 // Milan

Be prepares the creation of a Leader in the Financial Industry in Baviera. Reached 100% of share capital of R&L AG

of share capital of R&L AG

January 28th, 2019 // Milan

Be Think Solve Execute S.p.A. (Be or the Company), listed on the STAR segment of the Italian Stock Exchange, completed the full acquisition of its German subsidiary R&L AG, reaching the ownership of 100% of its share capital. The transaction was finalized through Be TSE GmbH, the sub-holding of Be in the DACH Region, which already owned 58.8% of R&L AG, and is preparatory to the integration of the German subsidiaries in Baviera in a unique specialized hub counting more than Eur 25 million revenues.

The DACH Region (Munich, Frankfurt, Vienna and Zurich) exceeded in 2018 Eur 43 million revenues (Eur 38.1 million in 2017)and is expected to keep on growing in the current year, as well as in the medium terms.

R&L AG joined Be in 2016, contributing with a strong specialization in the Financial Services market, thanks to its deep competences in the Payments sector. In 2018 R&L AG is expected to reach approx Eur 1.3 million operating margin.

The transaction anticipates the earn out plan established with Stefan and Lena Reither when entering the Company. The price paid for the acquisition of 41.16% of the share capital was set at euro 2.068 million. The price includes a stability agreement with the CEO Stefan Reither at least until the end of 2021.

STOCK DATA		GROUP DATA (as of 31.12.2017)		HEADQUARTER	MAIN OFFICES
Reuters Code:	BET.MI	Total revenues (Eur ml):	129.7	Rome	Milan
Bloomberg Code: BET IM		EBITDA (Eur ml):	17.2		London
	EBIT (Eur ml):	9.0		Munich
SHAREHOLDERS DATA		EBT (Eur ml):	7.7		Frankfurt
No of Ord. Shares (ml):	134.9	Net profit (Eur ml):	5.2		Madrid
Total No of Shares (ml):	120.0	Net Financial Position (Eur ml):	(.,5)		Vienna
Mkt Cap. (Eur ml):	111.0				Warsaw
Mkt Float. (%):	43.7				Bucharest
Mkt Float. (Eur ml):	52.4				Kyiv
Main Shareholder:	T.I.P.				Zurich

Be S.p.a

Investor Relations | Patrizio Sforza | +39 06 54 24 86 24 | IR.be@be-tse.it

Be prepares the creation of a Leader in the Financial Industry in Baviera. Reached 100% of share capital of R&L AG

January 29th, 2019 // Milan

We entered the German market in mid 2014 - declares Stefano Achermann, CEO of Be – and after less than 5 years we have the Eur 50 million target in sight. A very good result which encourages us to speed up the growth, also paying attention to possible M&A dossiers in the Region. The 100% acquisition of R&L AG is a sign of respect and trust in Stefan Reither and his Management team, made of solid professionals and talented specialists, around whom we intend to develop an hub of excellence in the Payment Industry at European level."

This press release is available on the Company's website www.be-tse.it and on the centralized storage mechanism "eMarket STORAGE" at .

About Be.

Be Group is listed in the STAR segment of Borsa Italiana and is one of the leading Italian players in the Consulting sector. The company provides Business Consulting, Information Technology and Process & Document Management services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enable the Group to work with leading financial and insurance institutions and Italian industry to create value and boost business growth. With more than 1,100 employees and branches in Italy, United Kingdom, Germany, Austria, Switzerland, Spain, Romania, Poland and Ukraine, in 2017 the Group recorded a value of production of Euro 129.7 million.

STOCK DATA		GROUP DATA (as of 31.12.2017)		HEADQUARTER	MAIN OFFICES
Reuters Code:	BET.MI	Total revenues (Eur ml):	129.7	Rome	Milan
Bloomberg Code:	BET IM	EBITDA (Eur ml):	17.2		London
	EBIT (Eur ml):	9.0		Munich
SHAREHOLDERS DATA		EBT (Eur ml):	7.7		Frankfurt
No of Ord. Shares (ml):	134.9	Net profit (Eur ml):	5.2		Madrid
Total No of Shares (ml):	120.0	Net Financial Position (Eur ml):	(.,5)		Vienna
Mkt Cap. (Eur ml):	111.0				Warsaw
Mkt Float. (%):	43.7				Bucharest
Mkt Float. (Eur ml):	52.4				Kyiv
Main Shareholder:	T.I.P.				Zurich

Be S.p.a

Investor Relations | Patrizio Sforza | +39 06 54 24 86 24 | IR.be@be-tse.it