Ad-hoc | 27 December 2007 14:48
CENIT AG Systemhaus / Acquisition
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CENIT acquires PLM competitor cad scheffler
PLM consultancy company with 20 employees secures important market share
Stuttgart, December 27, 2007 – CENIT AG acquired its PLM competitor of many
years and very successful Dassault Systèmes partner, cad scheffler.
Approximately 20 PLM experts with many years of expertise and experience in
the PLM area will reinforce CENIT from January 2008. Cad scheffler GmbH,
headquartered closed to Chemnitz, is a specialist provider of PLM system
solutions on the Dassault Systèmes PLM product CATIA. Since 1990, the
service and consultancy company has marketed Dassault solutions and has
been a business partner of IBM Deutschland since 1997. With the integration
of cad scheffler, with its experienced employees and an excellent client
base, particularly among medium-sized companies, we strengthen our joint
top position in the PLM consultancy and software market on both a national
and international basis. With approximately 20 employees, Cad scheffler
generates about € 2 million sales with an EBIT margin of 15%. The company
has no debt and has equity of € 1.5 million. The purchase price, which also
includes the company headquarters is roughly € 2.5 million. After an
extensive due diligence, the purchase agreement was signed today.
'In addition to the corporate strategic target of extending our top
position in the German-speaking PLM market, the expansion of our technical
competency for German and international customers is decisive,' stated
CENIT Executive Board member, Kurt Bengel. And he added, 'As a result of
the fusion, we create more cost-effective structures for the operating
business, an improvement of PLM product distribution and strengthen our
partner status, also in respect of the value-added reseller model for
Dassault Systèmes products from 2008.'
CENIT CFO Christian Pusch reinforced this view, 'With the integration of
cad scheffler, we are closing a large gap in the area of specialist
employees. With the bundled competence, greater expertise, more efficiency
and quality, we are gaining interesting new customers for CENIT. With the
common use of resources and expert knowledge combined with high employee
motivation, we can achieve huge growth in our classical markets.'
Send queries to:
CENIT AG Systemhaus
ISIN:DE0005407100
Fabian Rau
Vice President, Investor Relations & Marketing
Industriestraße 52-54, D-70565 Stuttgart
Tel.: +49 711 7825-3185
Fax: +49 711 782544-4185
E-Mail: f.rau@cenit.de
About CENIT: Since 1988, the company has been active as a specialist for
product lifecycle management, enterprise content management solutions and
application management outsourcing. CENIT is listed on the Prime Standard
of Deutsche Börse and currently employs more than 600 staff. Among others,
CENIT serves clients such as Allianz, BMW, DaimlerChrysler, EADS, Airbus,
AXA, Metro, VW, as well as numerous medium-sized businesses.
http://www.cenit.de
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Information and Explaination of the Issuer to this News:
Additional information: This press/ad hoc report may contain
future-oriented statements regarding the business, financial and earnings
situation of as well as profit projections for CENIT. Such future-oriented
statements are characterized by terms or statements such as 'the company
may' or 'the company will', 'expects', 'assumes ', 'is considering',
'intends to', 'plans', 'believes', 'will continue to' and/or 'estimates',
as well as similar terms and statements. Such statements contain no
guarantee that the projections will in fact be achieved. Rather, such
statements involve risks, imponderables and assumptions that are difficult
to predict and, in addition, are based on assumptions as to future events
which may prove to be incorrect. For this reason, actual events may diverge
significantly from the assumptions contained in the above statement. In a
future-oriented statement by which CENIT expresses expectations or
assumptions with regard to future events, these expectations or assumptions
are made in good faith, and it shall be assumed that they are made upon an
appropriate basis; however, it cannot be guaranteed that the said
statements, expectations or assumptions shall indeed occur, be attained or
fulfilled. The actual operative result may diverge significantly from such
future-oriented statements and is subject to certain risks. In this regard,
please refer to the Business Report of CENIT AG Systemhaus.
27.12.2007 Financial News transmitted by DGAP
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Language: English
Issuer: CENIT AG Systemhaus
Industriestraße 52 - 54
70565 Stuttgart
Deutschland
Phone: +49 (0)711 78 25 - 30
Fax: +49 (0)711 78 25 - 4000
E-mail: aktie@cenit.de
Internet: www.cenit.de
ISIN: DE0005407100
WKN: 540710
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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