Corporate | 1 April 2014 09:00
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Software AG / Key word(s): Mergers & Acquisitions/Disposal
THE SCHEER GROUP ACQUIRES IDS SCHEER CONSULTING – SOFTWARE AG’S SAP-BASED BUSINESS IN THE GERMAN SPEAKING REGION (DACH) – The Scheer Group continues its growth course and reinforces its industry and SAP Consulting expertise – The Scheer Group and Software AG also announce a strategic partnership to strengthen Germany as a location for the IT industry – This transaction completes the consolidation measures of Software AG’s SAP Consulting Business
Saarbrucken / Darmstadt, Germany, 1 April 2014 – The Scheer Group GmbH, a network of high-growth IT software and consulting companies, and Software AG (FRA: SOW) yesterday signed an agreement whereby IDS Scheer Consulting GmbH, Software AG’s SAP consulting business in the German-speaking DACH region (Germany, Austria, Switzerland), will be acquired by the Scheer Group GmbH. With this acquisition, the Scheer Group expands its consulting expertise within the Group, particularly with regard to customers and markets in the SAP environment. Due to the focus of Software AG on product innovation, the SAP consulting business of the company was reduced in three steps. With the sale of the SAP business in the German-speaking region, Software AG has completed the consolidation of its SAP services activities. IDS Scheer Consulting GmbH will be fully transferred, including the trademark rights, to the Scheer Group. Further details and the sale price have not been disclosed. The deal is subject to approval by the merger authorities.
The Scheer Group founder Prof. Dr. August-Wilhelm Scheer on the purchase of the new company: “I am convinced that together with the experienced staff of IDS Scheer Consulting we can align the company on sustainable profitability. I look forward to working with colleagues that I learned to know and appreciate during our time in IDS Scheer AG. Customers of IDS Scheer Consulting can rely on excellent project work. Those who use the ARIS software tool, which is based on the method of the same name that I developed, will continue to receive comprehensive and quality service in this new environment.” The Scheer Group CEO Rudolf Keul sees the extension of the Scheer Group network of companies as an important step in regards to its strategic development: “The Scheer Group connects companies with a clear product focus with those who have a wide range of expertise in the consulting business. With around 500 new colleagues, we will reach a size that allows us, both in the German-speaking countries as well as in neighboring countries, to develop a much broader market.” Karl-Heinz Streibich, CEO of Software AG emphasizes: “This transaction will strengthen Germany as a sustainable IT location in the field of digital technologies. We are committed to our role as spokespeople in the Software Cluster and will drive the development of the cluster together with the Scheer Group as part of our expanded strategic partnership. That is why this step, which also represents the completion of our consolidation activities in the SAP consulting business, is a true win-win situation for both companies and for Germany.” ###
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About Software AG Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their business objectives faster. The company’s big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a “leader” in fifteen market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta, webMethods, Alfabet and Apama. Software AG has more than 5,200 employees in 70 countries and had revenues of EUR973 million in 2013. Learn more at www.softwareag.com About the Scheer Group GmbH
The Scheer Group GmbH supports and manages a group of innovative and technology-oriented companies within in a network. The focus is on small and medium-sized businesses. Professor of computer science and business entrepreneur Dr. August-Wilhelm Scheer Scheer founded the Scheer Group GmbH as sole shareholder. The Scheer Group holds significant stakes in six companies emphasizing the entrepreneurial power of the founding management. The network of companies provides customers with a growing network of companies with innovative products and services of high quality and business efficiency. Working in close collaboration with science and research, new products and consulting services arise for companies that are already ready for tomorrow’s success.
www.scheer-group.com
. Scheer blog at:
www.august-wilhelm-scheer.com
Byung-Hun Park
End of Corporate News 01.04.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Software AG | |
| Uhlandstraße 12 | ||
| 64297 Darmstadt | ||
| Germany | ||
| Phone: | +49 (0)6151 92-1900 | |
| Fax: | +49 (0)6151 92-34 1899 | |
| E-mail: | Investor.Relations@softwareag.com | |
| Internet: | www.softwareag.com | |
| ISIN: | DE0003304002 | |
| WKN: | 330400 | |
| Indices: | TecDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 260835 01.04.2014 |