DGAP-Adhoc: Allgeier sells part of business to Cancom

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News Desk 2018

Mar 18, 2014 at 11:45 AM

ALLGEIER SE / Key word(s): Disposal/Strategic Company Decision 18.03.2014 16:25 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, March 18, 2014 - The Management and Supervisory boards of Allgeier SE (ISIN DE0005086300, WKN 508630) have today decided to sell the Group subsidiary Didas Business Services GmbH, which is headquartered in Langenfeld, Germany, to Cancom SE. Didas's core business comprises IT services in the system integration area - spanning consulting, design, implementation and through to operation - which generated around EUR 55 million of sales revenues in 2013. Allgeier and Cancom agreed today on the transaction's key points by way of a letter of intent. The purchase price, which will lie in a normal market valuation range for the business being sold, will be paid by Cancom SE in shares. The final agreements are expected to be completed and signed within the next few weeks. The transaction will be realised once anti-trust authorities have approved it. Both parties are convinced that Cancom offers the optimal environment for the future development of the business of Didas Business Services GmbH. At Allgeier, following the decisions to focus business on the areas of Allgeier Experts, Allgeier IT Solutions - with its future focus on the standard business software area - and Allgeier Projects - with its concentration on developing and managing individual software solutions for customers' business processes - Didas no longer stood at the centre of future development. Both Allgeier and Cancom are open to the idea of future cooperation in the system integration area. Contact: Allgeier SE Corporate Communications & Investor Relations Dr. Christopher GroÃ?e WehrlestraÃ?e 12 81679 Munich Tel.: +49 (0)89/998421-0 Fax: +49 (0)89/998421-11 E-mail: ir@allgeier.com Web: www.allgeier.com Allgeier SE is one of the leading IT companies for Business Performance today: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model. Operating divisions, each with their individual specialist or sector-related focal points, work together for more than 2,000 customers from almost all sectors. With more than 4,600 salaried employees and over 1,300 freelance experts, Allgeier, as a one-stop shop, offers customers a comprehensive portfolio of solutions and services. Allgeier's customers include globally operating groups as well as innovative medium-sized operations that wish to secure strategic advantages through high-performing IT solutions, intelligent software and flexible personnel services. This high-growth company, which is based in Munich, Germany, operates at more than 100 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Mexico and the USA. Allgeier generated EUR 423 million of revenue in 2012. Allgeier SE was ranked first in the LÃ¼nendonk(R) List 2013 of "Leading German medium-sized IT consulting and system integration companies". The Allgeier Experts Division ranks among the top three IT personnel service-providers in Germany according to the LÃ¼nendonk(R) 2013 market segment study "The market for recruiting, mediating and managing IT freelancers in Germany". The company is listed on the regular market of the Frankfurt Stock Exchange in the General Standard segment (WKN 508630/ISIN DE0005086300). Further information is available on the company's website at: www.allgeier.com. 18.03.2014 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: ALLGEIER SE WehrlestraÃ?e 12 81679 MÃ¼nchen Germany Phone: +49 (0) 89 - 99 84 21 0 Fax: +49 (0) 89 - 99 84 21 11 E-mail: info@allgeier.com Internet: http://www.allgeier.com ISIN: DE0005086300 WKN: 508630 Indices: CDAX Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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