SNP plans company acquisition in Asia
SNP Schneider-Neureither & Partner AG / Key word(s): Offer
03.12.2015 19:02
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SNP | Ad hoc disclosure as per section 15 (1) WpHG
SNP plans company acquisition in Asia
Singapore/Heidelberg, 3rd December 2015 - The SNP Group (ISIN DE0007203705)
is seeking to acquire a majority interest of initially 51% in Astrums
Consulting (S) Pte. Ltd., headquartered in Singapore, including the
majority-owned subsidiary Astrums Consulting Sdn. Bhd., headquartered in
Malaysia (also referred to hereinafter as "Astrums"). The investment is to
be increased further over the coming years.
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,
conception and implementation, and maintenance and support.
Astrums currently employs around 100 highly qualified IT and software
specialists with an average of 4 years of SAP experience in Singapore and
Kuala Lumpur. Astrums has posted continuous, above-average growth in recent
years. In the 2014 financial year, total revenue of approximately EUR 4
million and an EBIT margin of 18% were generated. The company has been
active on the fast-growing South-East Asian market for around 15 years and
has an attractive customer base and an established partner network. The
targeted investment will give the SNP Group access to the South-East Asian
market and qualified and highly motivated employees. The accelerated
internationalisation strategy will put the SNP Group in a position to
implement projects in Asia directly in the future.
The SNP Group will use available liquidity for the acquisition; neither
additional equity nor debt capital is required.
The acquisition is still subject to the conclusion of a final purchase
agreement. The parties aim to conclude the agreement in the coming weeks.
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 around 31 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: investor.relations@snp-ag.com
http://www.snp-ag.com/de/Investor-Relations/
03.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: investor.relations@snp-ag.com
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
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