DGAP-Adhoc: Allgeier SE: Sycor and Allgeier end merger talks

Munich, 04 February 2019 - On 08 November 2018, Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) had concluded a letter of intent with Otto Bock Holding GmbH & Co KG, Duderstadt, with the aim of merging Allgeier Enterprise Services AG with Sycor GmbH under a new holding company.

In the course of the discussions on a strategic road map until the IPO of the new holding company, different views emerged on the organisation and management of the holding company, the branding of the merged companies and the objective of an IPO. Therefore, the parties have today agreed to terminate the merger talks. The planned merger will not take place.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Phone: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: [email protected]
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for digital transformation. With a growth strategy focused on innovations and future trends and an integrative entrepreneurial model, Allgeier is seizing the opportunities of digitization. Four segments with individual technical and industry-related focal points work together for around 3,000 customers from almost all industries. With more than 9,000 employees and more than 1,300 freelance experts, Allgeier offers its customers a comprehensive portfolio of solutions and services as a one-stop shop. Allgeier uses a highly flexible delivery model to map the complete IT service spectrum from onsite to nearshore to offshore: With strong footholds in India and China, flexibility and maximum scalability of services as well as highly qualified expert knowledge in high-end software development are ensured. Allgeier's customers include global corporations as well as innovative medium-sized companies that want to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services. The fast-growing group, headquartered in Munich, has around 140 branches in the DACH region, eleven other European countries and in India, China, Singapore, Vietnam, Malaysia, Japan, the United Arab Emirates, South Africa, Australia, Mexico and the USA. In fiscal 2017, Allgeier generated consolidated sales of EUR 574 million from continuing operations. According to the Lünendonk(R) List 2018, Allgeier SE is one of the ten leading IT consulting and system integration companies in Germany. According to Lünendonk(R) Market Segment Study 2018 "The Market for Recruiting, Placement and Management of IT Freelancers in Germany", Allgeier Experts is among the TOP 3 IT personnel service providers in Germany. Allgeier SE is listed in the General Standard of the Regulated Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633). Further information is available at: www.allgeier.com.