Corporate | 12 December 2013 11:01

AURELIUS acquires IT consulting activities of Telvent Global Services in Spain and South America

AURELIUS AG / Key word(s): Acquisition

12.12.2013 / 11:01

AURELIUS acquires IT consulting activities of Telvent Global Services in Spain and South America

Munich, December 12, 2013 – The Munich-based AURELIUS Group (ISIN DE000A0JK2A8) is to acquire from Telvent, a subsidiary of the French group Schneider Electric, the IT consulting activities of Telvent Global Services in Spain, Brazil and Chile. These activities are leading IT consultancies in the Spanish and South American markets. The transaction is scheduled for completion in the first half of 2014. The parties have agreed not to reveal the purchase price.

The over thousand employees of the activities acquired provide advice to large companies from the banking sector and retailing in particular. A further pillar of the business is in the fields of healthcare and public administration. The company enjoys a strong competitive position in Latin America, mainly in the fast-growing regions of Brazil and Chile, where over 30 percent of revenues are now generated on the back of constantly growing market share.

The product portfolio comprises every aspect of IT consulting, from the development through to the implementation and maintenance of both individualized and standardized software, and also innovative proprietary healthcare solutions.

‘The business activities we’ve acquired are very attractive to AURELIUS, as we’re looking to expand IT as one of our core segments. What’s more, the acquired portfolio of TGS is a perfect fit with our present subsidiaries in the IT sector. We can expect to leverage long-term synergy effects in this field,’ says Dr. Dirk Markus, CEO of AURELIUS AG.

ABOUT AURELIUS
AURELIUS has been successfully operating in the international market for company acquisitions for many years. The focus is on companies and corporate spin-offs in markets with plenty of potential for development. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation and their potential developed. Building on active operational support, the subsidiaries benefit from the management experience and financial strength of the parent company. This is what makes AURELIUS a ‘good home’ for companies and their employees.
At present, the AURELIUS Group encompasses 18 subsidiaries around the globe with facilities in Europe, Asia and the United States. Among others, these include traditional names like Blaupunkt and Berentzen together with numerous industrial enterprises. Companies are acquired in accordance with strict investment criteria, although there is no specific industry focus. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock exchanges under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.de .

CONTACT
Investor Relations & Corporate Communications
Phone +49 (89) 544799 – 0
Fax +49 (89) 544799 – 55
investor@aureliusinvest.de

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