17.11.2016
DATAGROUP AG DE000A0JC8S7
DGAP-News: DATAGROUP AG: DATAGROUP AG becomes DATAGROUP SE
DGAP-News: DATAGROUP AG / Key word(s): Miscellaneous
DATAGROUP AG: DATAGROUP AG becomes DATAGROUP SE
17.11.2016 / 14:42
The issuer is solely responsible for the content of this announcement.
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DATAGROUP AG becomes DATAGROUP SE
Pliezhausen, November 17, 2016. IT service provider DATAGROUP has completed
the conversion from a German Aktiengesellschaft to a European Company,
Societas Europaea (short: SE). Ten years after its IPO, DATAGROUP AG
becomes DATAGROUP SE.
"With the DATAGROUP 2020 vision and our full-service offer CORBOX we have
embarked on a steep growth path", comments DATAGROUP CEO Max H.-H. Schaber.
"The conversion to a European Company is therefore the next logical step
for us. For the larger our customers become the more they look out for an
international appearance of their IT service provider. That is why the SE,
as the leading European legal form, strengthens our competitive position
and is a perfect fit for our growth targets." With registration in the
Commercial Register on November 16, the conversion became formally
effective. The basis for this was a resolution of DATAGROUP's Annual
General Meeting, which unanimously agreed to the management board's
respective plan in March.
DATAGROUP will continue to focus its operating business on the German
market. "According to industry association BITKOM, the German market for IT
services has a size of EUR 38bn and still offers massive growth potential
for us. We will be able to use it even better with the new corporate form,
as it will be easier to address larger customers", says DATAGROUP COO Dirk
Peters. "Furthermore, we will attend to our customers' international
activities from Germany in the context of a follow the customer strategy as
before."
Management board and supervisory board of DATAGROUP SE will remain
separated in terms of personnel. DATAGROUP SE thus continues the proven
two-tier system in its leadership structure. Likewise, Pliezhausen near
Stuttgart will remain the registered office.
The company also believes that the conversion will lead to a higher
attractiveness of the DATAGROUP shares for institutional investors.
"Already today, we have aroused considerable interest among institutional
investors in the rest of Europe", explains DATAGROUP CEO Max H.-H. Schaber.
"The abbreviation 'SE' will contribute to an even stronger attention to our
growth story on the part of institutional investors. We will further
promote the internationalisation of the investor landscape in the next few
years." Since 2015, DATAGROUP has voluntarily provided all capital market-
related information in English as well and has significantly intensified
roadshows and participations in conferences in the rest of Europe over the
past months.
About DATAGROUP:
DATAGROUP is a leading German IT service company. Over 1,700 employees at
locations across Germany design, implement, and operate IT infrastructure
and business applications such as SAP. With CORBOX, DATAGROUP offers its
customers all the IT services they need for a stable IT operation.
DATAGROUP thus is a full-service provider, serving over 550,000 global IT
workplaces 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 SE
Dr. Michael Klein
Investor Relations
Wilhelm-Schickard-Str. 7
D-72124 Pliezhausen
T +49-7127-970-059
F +49-7127-970-033
[email protected]
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17.11.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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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