14.03.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS sells fidelis HR to Leading HR Services Provider SD Worx
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Disposal
AURELIUS sells fidelis HR to Leading HR Services Provider SD Worx
14.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS sells fidelis HR to Leading HR Services Provider SD Worx
- Successful realignment since acquisition by AURELIUS
- Strategic buyer SD Worx continues its European growth strategy through
the acquisition
- Significant, high double-digit disposal gains - distribution of a
participation dividend
Munich, March 14, 2016 - The Munich-based AURELIUS Group (ISIN
DE000A0JK2A8) sells its subsidiary fidelis HR GmbH to SD Worx,
headquartered in Antwerp, Belgium. SD Worx is a leading provider of human
resource services in Europe. The parties have agreed not to disclose the
purchase price. With completion of the transaction AURELIUS will realize
significant, high double-digit disposal gains in Q1 2016. AURELIUS intends
to pay out part of these via a participation dividend.
fidelis HR offers a comprehensive range of services in the area Business
Process Outsourcing (BPO) as well as own software solutions for human
resource departments. The business is a leading provider within the
attractive German speaking payroll market. Through the acquisition of
fidelis HR, the Belgium based SD Worx Group will extend its business
activities within the GSA market and continue its European growth strategy.
AURELIUS acquired fidelis HR in 2013 from TDS Informationstechnologie AG, a
subsidiary of Fujitsu Group. fidelis HR's service portfolio covers the
outsourcing of all processes associated with managing staff for medium and
large organizations across all industries. In addition to wage and salary
calculation, the service provider manages job applications, the calculation
of travel expenses, and other personnel administration. Since acquisition
by AURELIUS, the operations have undergone a comprehensive realignment. The
product- and customer portfolio have been consequently improved. AURELIUS
was able to optimize fidelis HR's location structure of BPO centers and
could realize significant cost savings. Furthermore the business was able
to acquire numerous new customers with long term agreements. Furthermore,
fidelis HR could expand its international activities also outside GSA.
In total, AURELIUS was able to improve turnover, profitability and
headcount of fidelis HR significantly during the last three years. With 630
employees at 13 locations in Germany, Austria, and Switzerland, the
business generated EUR 55.3 million in revenues and a double digit
EBITDA-margin in 2015.
"Since acquisition, we were able to improve the costs structure of fidelis
HR as a stand-alone company significantly. We extended the customer base
and loyalty through the acquisition of new accounts during the last year.
With SD Worx, fidelis HR found a strong new shareholder and international
partner to support the business's future growth path", comments Gert
Purkert, member of the executive board of AURELIUS Group.
"This takeover entirely fits within our strategy to continue our
international growth and so to strengthen our position in the market. SD
Worx and fidelis HR are therefore strongly complementary. In addition, they
have a similar corporate culture, a similar range of services and a good
geographical spread in Germany", says Steven Van Hoorebeke, CEO of the SD
Worx Group.
Mummert & Company and Raymond James advised AURELIUS on this transaction.
Today, Monday, March 14, 2016 at 2.00 pm CET the Executive Board of
AURELIUS will conduct a telephone conference for interested investors and
members of the press. To sign-up, please send an email to
[email protected].
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 25 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS SE & Co. KGaA are listed in
the m:access segment of the Munich Stock Exchange and are traded on all
German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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14.03.2016 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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