SNP AG Acquires Majority Stake in Heidelberg Software Company Innoplexia GmbH

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

05.05.2017 / 09:30
The issuer is solely responsible for the content of this announcement.

SNP | Corporate News

SNP AG Acquires Majority Stake in Heidelberg Software Company Innoplexia GmbH

Heidelberg, Germany, May 5, 2017 - SNP Schneider-Neureither & Partner AG (WKN: 720370, ISIN: DE0007203705) has increased its investment in Innoplexia GmbH and now holds 80% of the shares in the software and IT company from Heidelberg. Innoplexia specializes in developing software and IT solutions for competitor and market analysis. Its portfolio includes an intelligent software suite that evaluates search terms and search results via internet search engines and comparison portals.

"SNP got involved in Innoplexia GmbH back in April 2016 by purchasing 20% of its shares. By increasing its shareholding, SNP is securing access to intelligent software for collecting and evaluating market and corporate data. In return, Innoplexia is receiving the growth financing it needs to further develop its highly attractive software portfolio. The key objective is to further develop our transformation software and to generate automated recommended actions for our transformation projects using artificial intelligence and software algorithms," said Dr. Andreas Schneider-Neureither, CEO of SNP AG.

Innoplexia GmbH was founded in 2010. It currently has 24 employees and generated revenue of about EUR 1 million in the 2016 fiscal year. In the future, SNP and Innoplexia will further extend and grow their collaboration, particularly in the area of development and sales. Innoplexia can use the established distribution networks of the SNP Group and will secure the necessary access to additional international markets. The company founders and managing directors hold the remaining 20% of Innoplexia shares. A unilateral purchase option was additionally arranged for these shares.

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 over 1,000 people across Europe, South Africa, Asia and the United States. Headquartered in Heidelberg, the company generated revenue of approximately EUR 81 million in 2016. 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

Investor Relations Contact:

Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470

05.05.2017 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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