SNP AG Acquires Majority Holding in UK-Based Harlex Management Ltd.

SNP Schneider-Neureither & Partner AG  / Key word(s): Takeover

30.09.2016 14:54

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

SNP | Insider Information Pursuant to Article 17 MAR

SNP AG Acquires Majority Holding in UK-Based Harlex Management Ltd.

Heidelberg / London, September 30, 2016 - SNP Schneider-Neureither &
Partner AG (ISIN DE0007203705) has acquired 90% of the shares in Harlex
Management Ltd., headquartered in London, with both legal and economic
effect as of October 1st, 2016. The move also includes the wholly owned
subsidiary Harlex Consulting Ltd., London. SNP AG will acquire the
remaining 10% in Harlex Management (hereinafter referred to as "Harlex
Consulting") as of October 1st, 2018.

Harlex Consulting is a consulting firm with a clear focus on the
implementation of IT data migration projects in SAP environments. The firm
uses a proven best practice methodology, which it developed itself, in its
strategic management and technical implementation of data migration
projects. The transformation specialist has access to a comprehensive
library of operable and replicable transformation templates and scenarios -
including end-to-end solutions, strategy plans and project status reports.

"The clear focus on corporate IT transformations as well as the structured
project approach make Harlex Consulting an ideal partner: SNP will gain
access to a highly trained team of experts in the field of SAP data
migration. Harlex Consulting also possesses an impressive customer base and
extensive project experience. Furthermore, the acquisition will enhance the
SNP Group's presence in the British market. The cooperation offers
significant synergy and sales potential," says Dr. Andreas Schneider-
Neureither, CEO SNP AG.

The purchase price for the shares in the London-based SAP data migration
specialist totaled in the mid-single-digit million range. The purchase
contract was finalized today. SNP AG will use existing liquid funds to
finance the acquisition.

Harlex Consulting generated revenue of GBP 4.83 million in the 2015 fiscal
year (reporting date: September 30) as well as an operating result (EBIT)
of GBP 0.79 million. The quickly growing and highly profitable data
migration company was founded in 2010 and currently has about 25 full-time
employees. Harlex Consulting is a gold service partner of SAP in the UK and
was named in the 2016 Sunday Times Hiscox Tech Track 100 listing of
Britain's fastest-growing private technology companies.

About SNP

SNP enables companies to successfully navigate the rapidly changing digital
environment and seize their opportunities on the market with a highly
flexible IT infrastructure. The solutions and software from SNP provide
support for M&A projects and carve outs, allow for the integration of
previously divergent IT landscapes and promote expansion into new markets
outside of the domestic space. With SNP Transformation Backbone(R), the
company offers the world's first standardized software for automatically
assessing and implementing changes to IT systems. This provides customers
with clear qualitative advantages while notably reducing the time and
expense involved in transformation projects.

SNP AG employs about 650 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue
of approximately EUR 56 million in 2015. Its customers include globally
operating corporations in the industrial, financial and service sectors.
SNP AG was founded in 1994 and has been publicly traded since 2000. As of
August 2014, the company is listed on the Prime Standard segment of the
Frankfurt Stock Exchange (ISIN DE0007203705).

Further information is available at www.snp-ag.com

Investor Relations Contact:

Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: investor.relations@snp-ag.com
http://www.snp-ag.com/de/Investor-Relations/


30.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------
 
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
 
---------------------------------------------------------------------------