22.12.2015
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-Adhoc: SNP Schneider-Neureither & Partner AG:
SNP Schneider-Neureither & Partner AG / Key word(s): Contract
22.12.2015 15:17
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
SNP | Ad hoc disclosure in accordance with section 15(1) of the German
Securities Trading Act (WpHG)
SNP AG invests in Hartung Consult GmbH / SNP Group acquires majority
investment in Astrums Consulting (S) Pte. Ltd.
Heidelberg, 22 December 2015 - Effective 1 January 2016, SNP
Schneider-Neureither & Partner AG (ISIN DE0007203705) has acquired 51% of
shares in Hartung Consult GmbH, Berlin, including its majority-owned
subsidiary Hartung Informational Systems Co. Ltd., Shanghai. SNP AG intends
to acquire the other 49% of Hartung Consult as at 1 January 2018. The
purchase agreement was concluded today. SNP AG will use its available
liquidity for the acquisition; neither additional equity nor debt capital
is required.
Hartung Consult provides consulting and support to globally oriented
companies in introducing and harmonising cross-border IT processes in the
SAP product and service field. The company, which has been operating for 27
years, currently employs more than 80 people worldwide, around 70 of whom
are IT and software specialists with advanced SAP expertise. Hartung
Consult generated total revenue of around EUR 6.6 million in the 2014
financial year.
The SNP Group has also acquired a 51% interest in Astrums Consulting (S)
Pte. Ltd., Singapore, effective 1 January 2016. SNP will acquire another
19% in Astrums Consulting as at 1 January 2018. The purchase agreement was
concluded today. SNP AG will use its available liquidity for this
acquisition; neither additional equity nor debt capital is required.
Astrums is a fast-growing consulting and service company in the field of
products and services for various ERP systems. Its core competencies
include implementation projects on an SAP basis including process analyses,
design, implementation, maintenance and support. The company currently
employs around 100 IT and software specialists in Singapore and in Kuala
Lumpur. These specialists have an average of four years' SAP experience. In
the 2014 financial year it generated total revenue of around EUR 4 million
with an EBIT margin of 18%.
Through these two strategic investments, the SNP Group is expanding its
range of services for international customers and gaining deeper access to
the rapidly growing Asian markets. Both Hartung Consult and Astrums have
attractive customer lists and established networks of partners. Moving
ahead, SNP AG's accelerated internationalisation strategy will enable it to
implement its projects in Asia directly. The SNP Group has a solid
financial structure following these two acquisitions.
About SNP
Digital transformation and the ability to respond quickly to changes in the
business environment are today crucial factors in competitions across all
sectors. SNP AG helps companies to consolidate their IT landscapes and to
adapt to new general conditions quickly and economically. SNP sees itself
as a catalyst and accelerator of digital transformation. In SNP
Transformation Backbone(R), SNP provides the world's first standard
software for the automated analysis and standardised implementation of
changes in IT systems. It is based on the experience that SNP has gathered
from more than 4,000 projects worldwide with its software-based services
for Business Landscape Transformation.
SNP AG employs around 380 people in Europe and the United States, around
250 of whom in Germany. The company, which is headquartered in Heidelberg,
generated revenue of EUR 30.5 million in 2014. Its customers are global
corporations operating in industry, the finance sector, service sectors as
well as the commercial and health sectors. SNP AG was founded in 1994 and
has been listed since 2000. It was admitted to the Prime Standard of the
Frankfurt Stock Exchange (ISIN DE0007203705) in August 2014.
You can find more information at: www.snp-ag.com
Investor relations contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
E-mail: [email protected]
http://www.snp-ag.com/de/Investor-Relations/
22.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax:
E-mail: [email protected]
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
SNP Schneider-Neureither & Partner AG ISIN: DE0007203705 können Sie bei EQS abrufen
Software , 720370 , SHF , XETR:SHF