All for One Midmarket AG / Key word(s): Acquisition
15.09.2011 19:25
Dissemination 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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All for One Intends to Acquire Steeb Anwendungssysteme GmbH
Filderstadt, 15 September 2011 - All for One Midmarket AG is looking to
purchase all the shareholdings in Steeb Anwendungssysteme GmbH, Abstatt.
Steeb Anwendungssysteme GmbH is a wholly owned subsidiary of SAP AG,
Walldorf. A related letter of intent between All for One Midmarket AG and
SAP AG was already signed. The negotiations are being conducted on an
exclusive basis.
Steeb Anwendungssysteme GmbH is one of the leading SAP system houses in
Germany. The company employs some 190 people, and in financial year 2010
generated revenues of approximately EUR 61 million with some 1,000
customers almost exclusively in Germany.
There is clear business logic behind the planned transaction. Both
companies ideally complement each another. All for One Midmarket AG's
intended acquisition of Steeb Anwendungssysteme GmbH will help the company
as an SAP full-service provider for SAP Business Suite for more rapidly
expanding its leading position within the midmarket segment to also include
the growing markets for SAP Business ByDesign, SAP Business Analytics, SAP
Mobile Solutions and SAP Outsourcing Services. The management of Steeb
Anwendungssysteme GmbH welcomes this planned acquisition.
Completion of the acquisition requires that All for One Midmarket AG and
SAP AG agree on the content of the purchase agreement, as well as approval
by the supervisory board of All for One Midmarket AG, approval by the
executive board of SAP AG, and permission to make the acquisition by the
responsible antitrust authorities. The acquisition is to be made before the
end of 2011.
Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag@all-for-one.com
15.09.2011 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 Midmarket AG
Gottlieb-Manz-StraÃe 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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DGAP-Adhoc: All for One Intends to Acquire Steeb Anwendungssysteme GmbH
| Source: EQS Group AG