AI Terminal
CENIT AG
M&A Activity • Jul 17, 2024
76_rns_2024-07-17_9127085f-cc1f-4087-ae46-ca4e9cf017ee.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 17 July 2024 23:43
CENIT AG: CENIT acquires 60 percent of the shares in US-based SAP analytics specialist Analysis Prime LLC
CENIT AG / Key word(s): Mergers & Acquisitions
CENIT AG: CENIT acquires 60 percent of the shares in US-based SAP analytics specialist Analysis Prime LLC
17-Jul-2024 / 23:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Stuttgart, 17 July 2024 – CENIT North America LLC, a [wholly owned] subsidiary of CENIT AG, today signed an agreement to acquire a 60 percent stake in the US-based Analysis Prime LLC – a global leader in SAP planning and analytics – thereby expanding its presence in North America. The acquisition is effective as of 17 July 2024.
Since it was founded in 2018, the team of 72 experts at Analysis Prime LLC, based in Chicago (USA), has specialized in four areas of expertise relating to the planning and analysis of business-critical company processes based on SAP architecture, including the SAP Analytics Cloud (SAC), SAP Profitability and Performance Management, SAP Datasphere and SAP Group Reporting. With over 300 projects realized worldwide, including US blue-chip companies, Analysis Prime LLC is a global frontrunner in SAC expertise. The company expects sales of well over 25 million US dollars in 2024.
With the acquisition, the CENIT Group will now be represented at two locations in the USA – Auburn Hills and Chicago. The simultaneous access to the entire CENIT portfolio of PLM, AI and cloud software solutions opens opportunities to Analysis Prime LLC for strategic up- and cross-selling in North America and Europe.
Like all CENIT Group subsidiaries, Analysis Prime will continue to operate as an independent legal entity with the name suffix “a CENIT company” and under the leadership of the current Managing Partners, Graylin Johnson and Paul Davis.
Contact:
CENIT AG
Investor Relations
Tanja Marinovic
Telefon: +49 (0) 711 – 78 25 3320
Fax: +49 (0) 711 – 78 25 44 4320
E-Mail: [email protected]
End of Inside Information
17-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| 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: | [email protected] |
| 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 |
| EQS News ID: | 1948587 |
| End of Announcement | EQS News Service |