CENIT AG

M&A Activity • Dec 21, 2016

News Details

Ad-hoc | 21 December 2016 08:18

CENIT AG intends to acquire the French software implementation specialist Keonys

CENIT AG / Key word(s): Offer

21-Dec-2016 / 08:18 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Stuttgart, December 21, 2016 - CENIT AG, Stuttgart, (ISIN: DE0005407100) is
conducting contract negotiations to acquire all shares in Keonys SAS,
Paris, one of the leading European reference partners for software
integration in Product Lifecycle Management (PLM) and 3D design based on
Dassault Systèmes' software products. The acquisition would open up CENIT's
market access to France and the Benelux countries. In 2016, Keonys is
expected to generate sales of around 56 million euros; the company employs
circa 160 members of staff. CENIT will finance the expected acquisition
price of approximately EUR 6 million from existing liquid assets.

Contact data:
Investor Relations
CENIT Aktiengesellschaft
Tanja Marinovic
Tel.: +49 (0)711 - 7825 - 3320
Fax: +49 (0)711 - 7825 - 44 4320
E-Mail: t.marinovic@cenit.de

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Language: English
Company: CENIT AG
Industriestraße 52 - 54
70565 Stuttgart
Germany
Phone: +49 (0)711 78 25 - 30
Fax: +49 (0)711 78 25 - 4000
E-mail: aktie@cenit.de
Internet: www.cenit.com
ISIN: DE0005407100
WKN: 540710
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

 End of Announcement    DGAP News Service