DGAP-Adhoc: adesso AG pursues complete takeover of an IT consulting and development company in the field of SAP customer engagement, business analytics and HANA
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DGAP-Ad-hoc: adesso AG / Key word(s): Takeover adesso AG pursues complete takeover of an IT consulting and development company in the field of SAP customer engagement, business analytics and HANA adesso is pursuing the takeover of a rapidly growing company in the greater Frankfurt am Main area. This company is already operating at a national level. adesso is making this move in order to expand the adesso Group's existing e-commerce activities, particularly those that employ modern technologies focused on SAP Hybris. Plans call for the company's swift and complete integration into the adesso Group. The sellers will continue to develop the joint business in roles of responsibility. The company generated EBIT of approximately EUR 1 million and an EBIT margin of more than 20 % in the past financial year. The valuation of the debt-free company results in an EBIT multiplier below 6; other variable purchase price components have not been agreed. The purchase price will be financed with existing liquid funds, especially from the capital increase in December 2016. The relevant resolutions, final negotiations and the signing of the purchase agreement all still have to occur before the transaction goes through. Contact:
03-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | adesso AG |
| Stockholmer Allee 20 | |
| 44269 Dortmund | |
| Germany | |
| Phone: | +49 231 7000-7000 |
| Fax: | +49 231 7000-1000 |
| E-mail: | [email protected] |
| Internet: | www.adesso-group.de |
| ISIN: | DE000A0Z23Q5 |
| WKN: | A0Z23Q |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London |
| End of Announcement | DGAP News Service |
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541611 03-Feb-2017 CET/CEST
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