Ad-hoc | 28 March 2014 07:46
All for One Steeb AG / Key word(s): Acquisition
28.03.2014 07:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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All for One Steeb AG Intends to Acquire avantum consult AG
Filderstadt, 28 March 2014 - All for One Steeb AG, the leader in the
German-speaking SAP midmarket segment, intends to acquire all the shares in
avantum consult AG, Düsseldorf. The three directors in the avantum consult
management board, Michael Sinß (CEO), Dr. Thomas M. Fischer and Dirk
Böckmann, own these shares indirectly through holding companies. An
agreement was reached with all three shareholders regarding the key points
of a share purchase agreement that still has to be finalised.
The consulting specialties of avantum consult AG are Performance
Improvement & Transformation, Corporate Reporting & Compliance and
Performance Management Systems, which includes planning, reporting,
forecasting and simulation systems. Operating primarily in Germany and
Switzerland, the company is one of the most respected
technology-independent consultancies in the market for business analytics
and performance management. avantum consult AG presently employs some 70
people and is clearly profitable after having generated total revenues of
approximately EUR 10 million during the past financial year. In addition to
larger midmarket clients, the company also serves such major corporations
as ANWR Group, Carl Kühne, Deutz, Daiichi Sankyo, Takeda Pharma, Kirchhoff
Group, Knauf Gips, Merck, Mitsubishi Hitachi Power Systems Europe, Paulaner
and many others.
There is clear business logic behind this planned transaction: All for One
Steeb is the Number 1 in the German-speaking SAP midmarket segment and
together with avantum consult wants to take a top spot in the growing
overall market for business analytics and performance management. The
executive bodies of avantum consult AG welcome this planned transaction.
The three directors will continue their work as members of the avantum
consult management board following the acquisition by All for One Steeb.
The minimum purchase price is in the range of EUR 5 million and - depending
on the company's business performance - may increase even further in the
next three to four years. All for One Steeb AG's own capital resources will
be used to fund the purchase price. This planned transaction is expected to
be completed in the next quarter, and requires final agreement on the part
of the contracting parties, endorsement by their executive bodies, and the
approval of the German Federal Cartel Office.
Contact:
All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag@all-for-one.com
28.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: All for One Steeb AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Germany
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: dirk.sonntag@all-for-one.com
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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