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Investor Relations
Allgeier SE: Acquisition in the Technology segment

01/08/2018

Publication of inside information pursuant to Art. 17 MAR

Munich, 8 January 2018 – Allgeier SE, Munich (ISIN DE000A2GS633, WKN A2GS63) announces: Today Allgeier’s Nagarro division has entered via its subsidiary, Nagarro Austria Beteiligungs GmbH, into a purchase agreement for the acquisition of 100% of the shares in ANECON Software Design und Beratung GmbH, Vienna. With sales of € 16 million, Anecon is one of the leading software development and consulting companies in the Austrian market. The acquisition is subject to antitrust clearance in Austria and other closing conditions. The execution of the purchase contract is expected in the next four to six weeks. The purchase price amounts to a one-digit million euro amount and is divided into parts due on closing and later earned earn-out payments.

Driven by global digitization and rapid technological development, there is a high demand for agile consulting, software development and testing services.Topics such as the targeted use of big amounts of data and the inclusion of artificial intelligence mean rapid changes for many business models and IT systems.

In light of these market opportunities, the acquisition of Anecon is a first step in 2018 for a further significant expansion of Allgeier’s Technology segment.