14.07.2016
DATAGROUP AG DE000A0JC8S7
DGAP-News: DATAGROUP AG: DATAGROUP takes over SAP and application management services from Hewlett Packard Enterprise (HPE) in Germany
DGAP-News: DATAGROUP AG / Key word(s): Mergers & Acquisitions
DATAGROUP AG: DATAGROUP takes over SAP and application management services
from Hewlett Packard Enterprise (HPE) in Germany
14.07.2016 / 07:02
The issuer is solely responsible for the content of this announcement.
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DATAGROUP takes over SAP and application management services from Hewlett
Packard Enterprise (HPE) in Germany
Pliezhausen, July 14, 2016. DATAGROUP AG (WKN A0JC8S) takes over some 330
SAP and application management experts from Hewlett Packard Enterprise
(HPE) in Germany and will provide defined IT services for HPE. The company
secures for itself a guaranteed sales volume in the triple-digit millions
over at least five years.
DATAGROUP has been in exclusive negotiations with HPE since March 2016. Now
the negotiation partners have signed the agreement, which stipulates that
DATAGROUP will provide defined SAP and application management services for
HPE's customers. To this end, DATAGROUP takes over some 330 IT experts from
HPE. The customers will benefit from the strong level of service quality of
IT service provider DATAGROUP, which has just again been awarded by
Lünendonk as one of the leaders in its industry in Germany.
With this acquisition, DATAGROUP strengthens CORBOX' strategic core
business segments, SAP and application management, and benefits from a
guaranteed purchase commitment over five years and four months on the part
of HPE. The partners have also agreed on an extension option for another
twenty months. This guarantees the utilisation of the new employees from
day one. Over the contract term, the purchase volumes will decrease by 10%
to 3.5% per year according to plan. DATAGROUP plans to leverage the
resources that will gradually become available for sustainable organic
growth in its core segment on a long-term basis. DATAGROUP and HPE also
intend to gain further attractive customers in the context of a joint
market presence. The conclusion of the contract is subject to the condition
that at least 70% of the IT specialists agree to the transfer of
undertakings from HPE to DATAGROUP.
"SAP and application management services are strategic growth areas of
DATAGROUP and there is strong demand in the market", says Max H.-H.
Schaber, CEO of DATAGROUP AG. "Taking over IT experts from HPE is an asset
to our customers and our employees. We are happy to welcome these proven
experts helping us to significantly enhance our performance and market
position at one go. We want to offer an attractive working environment for
the HPE employees and are glad that they will enrich our company and
further develop with us", comments DATAGROUP CEO Schaber. Alongside the
specialised expertise, the significant experience in integrating companies
is a decisive reason why HPE has decided for DATAGROUP.
"For DATAGROUP, this transaction represents outstanding development and
business opportunities, which can go far beyond the sales volume guaranteed
by HPE's purchasing agreement", comments DATAGROUP COO Dirk Peters. "We
will accelerate our growth together with the HPE experts and offer a "plus"
of high-quality IT services to our customers going forward."
DATAGROUP has a long track record in acquiring companies and company
divisions. Since its IPO in 2006, the IT service provider has completed 17
acquisitions, also within the intended scope, and therefore is one of the
most important consolidators of the strongly fragmented German IT service
market in the Mittelstand segment.
DATAGROUP AG invites all interested investors, analysts, and journalists to
participate in a conference call with CEO Max H.-H. Schaber. The conference
call is scheduled for July 18, 2016 at 2.00 pm CET. The dial-in number is:
+49 30 232531469.
About DATAGROUP:
DATAGROUP is a leading German IT service company. Over 1,400 employees at
16 locations across Germany design, implement, and operate IT
infrastructure and business applications such as SAP. With its product
CORBOX, DATAGROUP is a full-service provider, serving over 330,000 global
IT workstations for medium and large enterprises as well as for public-
sector clients. In other words: 'We manage IT'. The company is growing
organically and through acquisitions. The acquisition strategy is
particularly noted for its optimal integration of the new companies.
DATAGROUP is actively participating in the IT service market's
consolidation process with its 'buy and turn around' and its 'buy and
build' strategy.
Contact:
DATAGROUP AG
Claudia Erning
Investor Relations
T +49 160 96 89 81 71
[email protected]
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14.07.2016 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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Language: English
Company: DATAGROUP AG
Wilhelm-Schickard-Str. 7
72124 Pliezhausen
Germany
Phone: +49 (0)7127 970 000
Fax: +49 (0)7127 970 033
Internet: www.datagroup.de
ISIN: DE000A0JC8S7
WKN: A0JC8S
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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