SNP | Corporate News

SNP AG increases share in SNP Transformations SEA Pte. Ltd., Singapore

Heidelberg, Germany, May 16, 2017 - SNP Schneider-Neureither & Partner AG (WKN: 720370, ISIN: DE0007203705) has increased its share in SNP Transformations SEA Pte. Ltd., Singapore/Malaysia and now holds 81% of the shares in the company. The company operates in Southeast Asia providing consulting and services in the field of product and services for various ERP systems. By increasing investment from 51% to 81%, the SNP Group has secured the potential to further expand its positions in Southeast Asian markets. A unilateral purchase option for January 1, 2018, is being arranged for the remaining 19% of the shares.

"Acquiring the majority in January 2016 was a first step to meeting the rapidly increasing demand for services from SNP in Southeast Asia as well. The goal is now to expand high-margin software and distribution in these markets," said Dr. Andreas Schneider-Neureithe, CEO of SNP AG.

SNP Transformations SEA Pte. Ltd., together with its subsidiary SNP Transformations Malaysia SDN. BHD, generated revenue of around EUR 3.5 million in fiscal year 2016. The company currently employs around 70 IT and software specialists in Singapore and Kuala Lumpur. In January 2016, the SNP Group acquired 51% of the shares in Astrums Consulting (S) Pte., headquartered in Singapore, through a share deal. In March 2017, Astrums Consulting SDN. BHD was renamed SNP Transformations Malaysia Sdn. Bhd.

About SNP

SNP helps companies transform business models and roll out new technologies. Its software and services make it easier to execute technical or commercial changes in global business applications.

Together, SNP's CrystalBridge and Transformation Backbone with SAP LT constitute the world's leading data transformation suite for automatically analyzing, applying and tracking changes in IT systems. They significantly improve quality while making transformation projects much faster and more cost-effective.

The SNP Group employs over 1,000 people worldwide. It is headquartered in Heidelberg, Germany and generated around 81 million euros in revenue in 2016. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705).

For details, visit www.snpgroup.com

Investor Relations Contact:

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