Plenum AG

Related Party Transaction • Dec 4, 2006

News Details

Corporate | 4 December 2006 13:31

plenum AG: Strategic Partnership between plenum AG and NovaTec GmbH

Announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— plenum AG: Strategic Partnership between plenum AG and NovaTec GmbH Wiesbaden / Leinfelden, December 4, 2006 plenum AG (Prime Standard, ISIN DE 0006901002) and NovaTec – Ingenieure für neue Informationstechologien GmbH have signed a declaration of intent with the goal of forming a strategic partnership in IT Consulting starting January 1, 2007. As a Management Consulting company, plenum is aligned towards the optimisation of business processes and IT structures, particularly for banking, insurance and supply companies. Sound IT expertise represents important key competence. NovaTec GmbH has been in business for 10 years and comprises an extensive IT system office with about 50 employees in Leinfelden-Echterdingen. NovaTec specialises in making available innovative technologies and system solutions in its own IT laboratories adapted to and based on the requirements and business process of the customers. Focus is placed on customer usage, quality and sustainable innovation. Following plenum’s concentration on its core business segments as part of its refocusing strategy, plenum’s about 20 employees in Leinfelden, who are mainly active in development projects, needed new perspectives. At the same time, plenum required access to an efficient IT laboratory in order to assure and further expand its technological expertise in consulting. The strongly-growing NovaTec can offer excellent perspectives to plenum’s employees and simultaneously operate a market-leading IT laboratory in cooperation with plenum. The objectives of the declaration of intent comprise: – the plenum site in Leinfelden including about 20 employees will be transferred to NovaTec effective as of January 1, 2007, – plenum will hold a minority interest in NovaTec, – NovaTec will make available an innovative partnership with a high-performance technological laboratory, – in addition, the managing director of NovaTec, Albrecht Stäbler, will assume managerial tasks in the expansion of the technological consulting of plenum and – all plenum’s current customer projects up through December 31, 2008 shall remain with plenum and NovaTec will make available necessary staff to plenum. plenum and NovaTec deem this strategic partnership to be a downright WinWin-Win Situation-Win Situation. ‘Our employees in Leinfelden harmonise excellently in the core business of NovaTec and plenum and can focus more strongly on Management Consulting. By way of the partnership, we simultaneously gain direct access to well-founded and practice-tested IT expertise’ explained Hartmut Skubch, CEO of plenum AG, regarding plenum’s view of the partnership. Albrecht Stäbler, managing director of NovaTec added: ‘Through the strategic partnership with plenum AG, new perspectives open up for NovaTec to strongly position its process and technological competence at the Management level. The employee know-how of plenum in Leinfelden complements the existing technological competence of NovaTec in an optimal manner – thus, synergies can be implemented very quickly.’ Contact: plenum AG Public Relations Hagenauer Str. 53 D-65203 Wiesbaden Tel.: +49 (0)611-9882-0 Fax: +49 (0)611-9882-150 Email: info@plenum.de Internet: www.plenum.de (c)DGAP 04.12.2006 ————————————————————————— Language: English Issuer: plenum AG Hagenauer Straße 53 65203 Wiesbaden Deutschland Phone: +49 (0)611 9882-361 Fax: +49 (0)611 9882-496 E-mail: aktie@plenum.de WWW: www.plenum.de ISIN: DE0006901002 WKN: 690100 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin-Bremen, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————