30.05.2013
GFT Technologies AG DE0005800601
DGAP-News: GFT Technologies AG: GFT acquires Italian IT consultancy Sempla
DGAP-News: GFT Technologies AG / Key word(s): Acquisition
GFT Technologies AG: GFT acquires Italian IT consultancy Sempla
30.05.2013 / 19:50
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GFT acquires Italian IT consultancy Sempla
Acquisition strengthens GFT as leading IT partner for banks in Europe
Stuttgart, 30 May 2013 - GFT Technologies AG today concluded a purchase
agreement via its subsidiary GFT Holding Italy S.r.l. regarding the
acquisition of an 80-percent stake in Sempla S.r.l., based in Italy. The
remaining 20 percent shall remain mainly with Sempla's management and can
be acquired by GFT via options after a five-year period. The purchase price
is to be paid from liquid funds. The parties have agreed not to disclose
the purchase price amount.
Sempla is one of Italy's leading IT consultancies, specialising
particularly in IT solutions for commercial and private banking clients.
Its offering comprises IT Services, Business Solutions and Digital
Marketing & Design. With 460 employees at ten sites in Italy, the company
generated revenues of over EUR 44 million in 2012 - 70 percent thereof with
financial sector customers. In its financial year 2012, earnings before
interest, taxes, depreciation and amortization (EBITDA) amounted to EUR
6.17 million with earnings before taxes (EBT) of EUR 4.08 million.
'Sempla's portfolio fits excellently with our own products in the GFT
Solutions division,' states Ulrich Dietz, GFT's CEO. 'We see numerous
interesting business opportunities with attractive clients. Together, we
will become a leading supplier of IT solutions for financial service
providers on the European market.' The acquisition will benefit both sides:
whereas GFT can contribute its extensive know-how in the field of
investment banking to the Italian market, Sempla has proven expertise in
the general banking sector. This know-how offers GFT clear growth
opportunities with existing and new clients.
GFT believes its entry into the Italian market will provide an extra boost
to business. 'Italy is one of the world's largest economic nations.
Establishing a presence on Europe's fourth-largest IT market with almost
500 employees is a further important milestone for us. Sempla is the
perfect fit for our business,' says Dietz. GFT already serves individual
clients today in Italy but has so far coordinated these activities from its
facility in Spain.
GFT expects the acquisition to add around EUR 23 million to revenues and
EUR 3.50 million to EBITDA in the second half of 2013. As a result, the GFT
Group's projected revenues for financial year 2013 will rise to around EUR
260 million. The acquisition also raises the GFT Group's headcount to
almost 2,000 persons. 'The takeover of Sempla gives a further boost to our
encouraging business development and represents a major milestone in the
Group's growth strategy,' concludes Dietz.
Conference call on the acquisition
GFT invites interested journalists to participate in a conference call (in
German language) taking place on Friday, 31 May 2013, starting at 9:30
a.m.. The respective dial-in number and the presentation can be found
online at www.gft.com/sempla.
About GFT:
As a strategic technology partner based in Germany, the GFT Group helps
companies optimise their business processes by providing intelligent IT
solutions and highly skilled specialists.
GFT is one of the world's leading IT solution suppliers for the finance
sector. Under the motto 'inspiring IT', GFT enables financial institutes to
quickly and securely utilise modern technologies. GFT combines established
technological experience with comprehensive industry expertise in order to
develop, implement and maintain customized IT solutions.
With its subsidiary emagine, the GFT Group enables companies in selected
growth sectors to quickly and flexibly staff their technology projects.
emagine combines comprehensive business understanding with established
technological know-how. Moreover, emagine has an international network of
highly qualified IT and engineering specialists.
For over 25 years, the GFT Group has stood for technological expertise,
innovative strength and outstanding quality. Founded in 1987 by its current
CEO, Ulrich Dietz, GFT achieved consolidated revenue of around EUR 231
million in 2012. The GFT Group is represented in seven countries by its 22
local facilities. A global team of around 1,400 employees and 1,000
external consultants (as of 31 December 2012) implement complex IT projects
across various countries. The GFT share is listed on the Frankfurt Stock
Exchange (Prime Standard: WKN 580 060).
Contact:
Andrea Wlcek,
Director of Global Marketing, Media & Investor Relations
GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
Germany
T +49 711 62042-440
F +49 711 62042-301
[email protected]
www.gft.com
End of Corporate News
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Language: English
Company: GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
Germany
Phone: +49 (0)711/62042-0
Fax: +49 (0)711/62042-301
E-mail: [email protected]
Internet: www.gft.com
ISIN: DE0005800601
WKN: 580060
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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