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 EUR 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.
 

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 München
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for digital transformation: with a growth strategy oriented to innovations and future trends, as well as an integrative business model, Allgeier exploits the opportunities that digitalization offers. Three operating segments with individual specialist and sector-related focus areas work together for around than 3,000 customers from almost all business sectors. With over 6,800 salaried employees and more than 1,300 freelance experts, Allgeier offers its customers an extensive one-stop-shop range of solutions and services. Based on a highly flexible delivery model, Allgeier covers the entire IT service spectrum from on-site through to nearshore and offshore: with a strong business pillar in India, the company secures flexibility and maximum scalability of services, as well as highly qualified high-end software development expertise. Allgeier customers include globally operating groups as well as innovative medium-size business operations that aim to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services. This Munich-based, fast-growing Group maintains more than 100 branches in the region of Germany, Austria and Switzerland, in nine further European countries, as well as in India, Singapore, Vietnam, Malaysia, Japan, Australia, Mexico and the USA. Allgeier generated EUR 498 million of revenue in its continuing operations in 2016. Allgeier SE ranks first in the 2017 Lünendonk(R) special analysis of “Leading German Medium-Sized IT Consultants and System Integrators”. According to the Lünendonk(R) 2017 market segment study “The Market for Recruiting, Mediating and Managing IT Freelancers in Germany”, Allgeier Experts ranks among Germany’s top three IT personnel service providers. Allgeier SE is listed on the Regulated Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633). For more information, visit: www.allgeier.com.