DGAP-News: All for One Steeb AG / Key word(s): Acquisition/Contract
All for One Steeb AG: Share Purchase Agreement to Acquire OSC Group
Signed
07.11.2012 / 19:14
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All for One Steeb AG - Share Purchase Agreement to Acquire OSC Group Signed
Purchase agreement concluded / All for One Steeb to take over an initial
60% of the shareholdings in myOSC.com AG / Presence in northern Germany to
be greatly expanded / More than 200 additional SAP clients
Filderstadt, 7 November 2012 - All for One Steeb AG and the shareholders of
myOSC.com AG, Lübeck, Dr. Dietmar Kamp, Timm Nissen and Peter Duve, have
finished the negotiations that were announced on 31 August 2012. As a
result, All for One Steeb AG will acquire an initial 60% of the shares of
myOSC.com from these three shareholders. Furthermore, the share purchase
agreement that was signed today also sets forth the acquisition of the
remaining 40% of the shares of the company and its subsidiaries by All for
One Steeb AG at the end of a multi-year earnout period. The OSC Group will
be fully included within All for One Steeb AG's consolidated financial
statements beginning on 1 November 2012. The companies that comprise the
group, namely myOSC.com AG at the top and the subsidiaries OSC Open Systems
Consulting GmbH, Lübeck, OSC Smart Integration GmbH and OSC Business
Solutions GmbH, both based in Hamburg, as well as OSC Business Xpert GmbH,
Burgdorf, together employ some 80 people and most recently generated total
annual revenues of approximately EUR 8 million.
OSC, as a new subsidiary of the All for One Steeb AG, will operate as an
independent unit within the All for One Steeb Group. Both companies have
been working together successfully as business partners for many years.
Kamp, Nissen and Duve will continue to be directors of myOSC.com AG and
managing directors of its subsidiaries. OSC is not only an SAP Special
Expertise Partner for Supply Chain Execution and SAP Professional Services,
but also operates profitably in the fields of SAP Human Capital Management,
SAP Business Analytics and SAP Business One. The group serves over 200
clients in northern Germany and over 100 of these with SAP Business One.
»Together we want to further expand this good foundation«, emphasised All
for One Steeb CEO Lars Landwehrkamp and myOSC.com Director Timm Nissen. In
Hamburg All for One Steeb and OSC will be occupying joint offices at SAP's
new site in Hamburg Rotherbaum.
This acquisition of the OSC Group not only enables All for One Steeb AG to
decisively expand its local footprint in northern Germany, but to also
further enhance its position as the No. 1 for SAP among small and mid-sized
companies in what is known as the DACH market (Germany, Austria and
Switzerland).
About All for One Steeb AG
All for One Steeb AG ranks as one of the leading SAP full-service providers
for small and medium enterprises in German-speaking countries. The SAP Gold
Partner's portfolio comprises end-to-end solutions along the whole of the
IT value chain - from SAP industry solutions to outsourcing services and
application management. As a one-stop-shop for all SAP-related services,
All for One Steeb is a reliable general contractor for small and mid-sized
enterprises. With around 700 employees, it serves over 2,000 clients among
machinery and equipment manufacturers, automotive suppliers, consumer goods
industry, technical wholesalers and project and engineering service
providers. As a founding member of United VARs, the global network of
leading SAP partners for small and mid-sized enterprises, All for One Steeb
guarantees a comprehensive consulting and service portfolio as well as the
best local support in more than 56 countries. All for One Steeb ranks among
Germany's best employers (Great Place to Work 2010) and the best IT
consultants for the German midmarket (TOP CONSULTANT 2012/13).
In the financial year 2010/11, All for One Steeb AG (All for One Midmarket
AG) achieved a turnover of EUR 90 million - not including Steeb. The
company is listed in the Prime Standard segment of the Frankfurt Stock
Exchange (ISIN DE0005110001, WKN 511 000).
www.all-for-one.com/english
For the Editorial Department
An extensive picture gallery can be found under
www.all-for-one.com/press-photos
Online
http://www.all-for-one.com/en/press-center/einzelansicht/article/aktienkau
fvertrag-ueber-den-erwerb-der-osc-gruppe-unterzeichnet.html
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http://www.youtube.com/watch?v=QGzqWCHdkhc&list=UUOZrXPMbrEql2deZ6Uv_kyA&i
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Contact:
All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag@all-for-one.com
End of Corporate News
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07.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: All for One Steeb 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 News DGAP News-Service
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192106 07.11.2012
DGAP-News: All for One Steeb AG: Share Purchase Agreement to Acquire OSC Group Signed
| Source: EQS Group AG