31.03.2017
All for One Steeb AG DE0005110001
DGAP-News: All for One Steeb AG to Acquire inside Unternehmensberatung GmbH and Enlarge its HR Digital Transformation Portfolio
DGAP-News: All for One Steeb AG / Key word(s): Takeover/Strategic Company
Decision
All for One Steeb AG to Acquire inside Unternehmensberatung GmbH and Enlarge
its HR Digital Transformation Portfolio
31.03.2017 / 06:48
The issuer is solely responsible for the content of this announcement.
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All for One Steeb AG to Acquire inside Unternehmensberatung GmbH and Enlarge
its HR Digital Transformation Portfolio
Full range of SAP Cloud services for HR department business processes /
Acquisition of all the shareholdings of inside / All for One Steeb
subsidiary KWP team HR and inside to be merged / Will become the go-to
partner for human resources digital transformation / Aiming to take the
number 1 position in the SAP HR market in Germany, Austria and Switzerland
Filderstadt, 31 March 2017 - All for One Steeb AG, the number 1 in the
German-speaking SAP market and a leading IT service provider, intends to use
its subsidiary KWP team HR GmbH, Heilbronn, to provide businesses with
comprehensive support in digitising all their human resource related
activities. The goal is not only to lessen the daunting administrative
workload of human resource departments within mostly small to mid-sized
enterprises by providing full-service HR solutions from the cloud that are
advanced, fast and easy to use, but to also more efficiently help them
accomplish such strategic human resource missions as recruiting, developing
the workforce, and managing knowledge and talent. Support like this will
enable any personnel department to better fulfil its critical role in
structuring and organising digital transformation.
All for One Steeb will bolster its KWP subsidiary by acquiring all the
shareholdings of inside Unternehmensberatung GmbH, Oldenburg, effective 1
April 2017. Like KWP, inside, which was founded in 1989, specialises in
end-to-end SAP human capital management services and has completed more than
400 customer projects to date. The firm employs 40 people, operates
primarily in Germany and generates sales of some EUR 8 million. About one
third of this figure is already attributable to a significantly growing
amount of recurring cloud-based revenues from software as a service (SaaS)
and software maintenance, which ensures a high degree of customer loyalty, a
stable cash flow and robust profitability. In addition to a one-time
payment, the total purchase price for acquiring all the shareholdings of
inside includes a performance-based component at the end of a three-year
earnout phase. The transaction will be funded using the company's own
capital resources.
KWP and inside complement one another superbly in terms of their client and
service portfolios, culture and locations. The two will be merged to
strengthen their shared approach to business and, with their outstanding
management team, will help human resource departments fully embrace the
digital age. Joachim Volpert (from KWP) and Dr Ralph-Peter Rembor (from
inside) will be the managing directors of the combined company. Of the
sellers, inside's founder and majority shareholder Jürgen Schulz will be
retiring. René Schumann and Jörg Schreiber, who like Rembor are shareholders
and managing directors of inside, will complete the combined company's
expanded management team. With some 240 employees and an initial sales
volume of approximately EUR 32 million, the merged company intends to take
the leading position in the SAP HR market in Germany, Austria and
Switzerland (the so-called DACH region) with the largest SAP Cloud HR
customer base.
»Serving the market for 25 years, KWP, founded in 1992, and inside continue
to inspire and empower customers with innovative SAP HR solutions. This is
only one of many reasons why the combined company will open up an exciting
world of opportunities for customers, employees and partners alike«,
explained Schulz.
Lars Landwehrkamp, the CEO of All for One Steeb AG: »The transaction was
well prepared and you can see how much the newly formed team values making
the endeavour a success. From the outset, KWP and inside will be providing
both new and existing customers with significant added value in designing
and executing digital transformation, including the most extensive HR
process and technology expertise for SAP HCM, SuccessFactors and Concur, not
to mention HR best practices devised especially for the midmarket sector.
Major growth opportunities await us for many years to come by enhancing our
cloud strategy in this way«.
About All for One Steeb
All for One Steeb AG (ISIN DE0005110001) is the number 1 in the
German-speaking SAP market and a leading IT service provider. The
full-service provider's portfolio comprises end-to-end services and
solutions across the entire IT value chain, from management and technology
consulting, SAP industry solutions and cloud applications up to highly
scalable hosting and cloud services out of its German datacenters, where All
for One Steeb is orchestrating highly available IT operations for all
business-related IT systems - including SAP solutions as well as Microsoft
Exchange or Sharepoint. This is why market observers also rank All for One
Steeb amongst the leading IT service providers for Outsourcing and Cloud
Services, SAP HANA, Business Analytics and Performance Management, Human
Capital Management, Application Management Services or Communications and
Collaboration. As an SAP Platinum Partner, All for One Steeb is a reliable
general contractor and serves with more than 1,300 employees over 2,000
clients in Germany, Austria and Switzerland, mainly among the manufacturing
and consumer goods industry. As a founding member of United VARs, the
largest global network of leading SAP partners, All for One Steeb guarantees
a comprehensive consulting and service portfolio as well as the best local
support in some 80 countries. In the financial year 2015/16, All for One
Steeb AG achieved a turnover of EUR 266 million. The company is listed in
the Prime Standard segment of the Frankfurt Stock Exchange.
www.all-for-one.com/english
For the Editorial Department
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Contact:
All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
[email protected]
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31.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: All for One Steeb AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Germany
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: [email protected]
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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560517 31.03.2017
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