DGAP-Adhoc: SNP Schneider-Neureither & Partner AG: SNP

SNP Schneider-Neureither & Partner AG / Key word(s): Contract 22.12.2015 15:17 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SNP | Ad hoc disclosure in accordance with section 15(1) of the German Securities Trading Act (WpHG) SNP AG invests in Hartung Consult GmbH / SNP Group acquires majority investment in Astrums Consulting (S) Pte. Ltd. Heidelberg, 22 December 2015 - Effective 1 January 2016, SNP Schneider-Neureither & Partner AG (ISIN DE0007203705) has acquired 51% of shares in Hartung Consult GmbH, Berlin, including its majority-owned subsidiary Hartung Informational Systems Co. Ltd., Shanghai. SNP AG intends to acquire the other 49% of Hartung Consult as at 1 January 2018. The purchase agreement was concluded today. SNP AG will use its available liquidity for the acquisition; neither additional equity nor debt capital is required. Hartung Consult provides consulting and support to globally oriented companies in introducing and harmonising cross-border IT processes in the SAP product and service field. The company, which has been operating for 27 years, currently employs more than 80 people worldwide, around 70 of whom are IT and software specialists with advanced SAP expertise. Hartung Consult generated total revenue of around EUR 6.6 million in the 2014 financial year. The SNP Group has also acquired a 51% interest in Astrums Consulting (S) Pte. Ltd., Singapore, effective 1 January 2016. SNP will acquire another 19% in Astrums Consulting as at 1 January 2018. The purchase agreement was concluded today. SNP AG will use its available liquidity for this acquisition; neither additional equity nor debt capital is required. Astrums is a fast-growing consulting and service company in the field of products and services for various ERP systems. Its core competencies include implementation projects on an SAP basis including process analyses, design, implementation, maintenance and support. The company currently employs around 100 IT and software specialists in Singapore and in Kuala Lumpur. These specialists have an average of four years' SAP experience. In the 2014 financial year it generated total revenue of around EUR 4 million with an EBIT margin of 18%. Through these two strategic investments, the SNP Group is expanding its range of services for international customers and gaining deeper access to the rapidly growing Asian markets. Both Hartung Consult and Astrums have attractive customer lists and established networks of partners. Moving ahead, SNP AG's accelerated internationalisation strategy will enable it to implement its projects in Asia directly. The SNP Group has a solid financial structure following these two acquisitions. About SNP Digital transformation and the ability to respond quickly to changes in the business environment are today crucial factors in competitions across all sectors. SNP AG helps companies to consolidate their IT landscapes and to adapt to new general conditions quickly and economically. SNP sees itself as a catalyst and accelerator of digital transformation. In SNP Transformation Backbone(R), SNP provides the world's first standard software for the automated analysis and standardised implementation of changes in IT systems. It is based on the experience that SNP has gathered from more than 4,000 projects worldwide with its software-based services for Business Landscape Transformation. SNP AG employs around 380 people in Europe and the United States, around 250 of whom in Germany. The company, which is headquartered in Heidelberg, generated revenue of EUR 30.5 million in 2014. Its customers are global corporations operating in industry, the finance sector, service sectors as well as the commercial and health sectors. SNP AG was founded in 1994 and has been listed since 2000. It was admitted to the Prime Standard of the Frankfurt Stock Exchange (ISIN DE0007203705) in August 2014. You can find more information at: www.snp-ag.com Investor relations contact: Marcel Wiskow Tel.: +49 6221 6425-637 Fax: +49 6221 6425-470 E-mail: investor.relations@snp-ag.com http://www.snp-ag.com/de/Investor-Relations/ 22.12.2015 The DGAP 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: SNP Schneider-Neureither & Partner AG Dossenheimer Landstraße 100 69121 Heidelberg Germany Phone: +49 6221 6425 637 Fax: E-mail: investor.relations@snp-ag.com Internet: www.snp-ag.com ISIN: DE0007203705 WKN: 720370 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------