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Investor Relations
ALLGEIER SE: Allgeier divests terna subsidiary


ALLGEIER SE / Key word(s): Disposal23.12.2015 18:27Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP – a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.—————————————————————————Munich, December 23, 2015 – As part of a management buyout, Allgeier SE(ISIN DE0005086300, WKN 508630) has today reached agreement with AE BG RhoHolding GmbH concerning the sale of Austrian company terna Holding GmbHalong with its subsidiaries terna GmbH – Zentrum für Business Software,which is based in Innsbruck (Austria), and terna Switzerland AG, which isbased in in Root (Switzerland), and has concluded a correspondingacquisition agreement. The transaction will be concluded prospectivelybefore December 31, 2015.The core business of terna comprises providing management consultancyservices to manufacturing and wholesale/retail companies relating to theanalysis and optimisation of business processes, sales, and theimplementation and maintenance of business software, especially leading ERP(Enterprise Resource Planning) software. AE BG Rho Holding GmbH is backedup by terna’s management team of many years’ standing, and by the company’sfinancing partners. The purchase price, which will lie within the normalmarket valuation range for the type of business being sold, will be paidpredominantly in cash when the transaction is executed. A double-digitamount in millions of euros will accrue to Allgeier from the transaction; asmaller amount comprising a vendor loan will be granted. An earnout has notbeen agreed.As part of lending the Allgeier Group’s business a greater focus on thedevelopment and production of software solutions and the rendering of ITservices for customers in the Enterprise area and top-tier medium-sizedcompanies, Allgeier has decided to leave terna as an independent corporategroup, and divest it. Both parties are convinced that a continuation of thesuccessful business trends by the management offers the optimal environmentfor further development and growth of the business. Both Allgeier and ternaare open to a future cooperation in the area of ERP and CRM software formedium-sized companies.Contact:Allgeier SECorporate Communications & Investor RelationsDr. Christopher GrosseWehrlestrasse 1281679 MunichTel.: +49 (0)89/998421-0Fax: +49 (0)89/998421-11Email: ir@allgeier.comWeb: www.allgeier.comAllgeier SE is one of the leading IT companies for Business Performancetoday: Allgeier combines the advantages of an international provider withthe merits of medium-sized companies with a growth strategy orientedconsistently to innovations and future trends, and an integrative businessmodel. Operating divisions, each with their individual specialist orsector-related focal points, work together for more than 3,000 customersfrom almost all sectors. With a highly flexible delivery model, Allgeiercovers the full range of IT services, from on-site and nearshore through tooffshore: A strong presence in India ensures flexibility and maximumscalability of the services, supplemented by highly qualified expertise inhigh-end software development. With more than 6,000 salaried employees andaround 1,400 freelance IT experts, Allgeier, as a one-stop shop, offerscustomers a comprehensive portfolio of solutions and services. Allgeier’scustomers include globally operating groups as well as innovativemedium-sized operations that wish to secure strategic advantages throughhigh-performing IT solutions, intelligent software and flexible personnelservices. This high-growth company, which is based in Munich, Germany,operates 100 sites in the German-speaking region, and at further locationsin the rest of Europe, as well as in India, Singapore, Mexico and the USA.In 2014 Allgeier generated EUR 428 million of revenue (continuedoperations), according to preliminary figures. Allgeier SE was ranked firstin the Lünendonk(R) List 2015 of “Leading German medium-sized IT consultingand system integration companies”. The Allgeier Experts division ranksamong the top three IT personnel service-providers in Germany according tothe Lünendonk(R) 2015 market segment study “The market for recruiting,mediating and managing IT freelancers in Germany”. The company is listed onthe regular market of the Frankfurt Stock Exchange in the General Standardsegment (WKN 508630/ISIN DE0005086300). Further information is available onthe company’s website at: The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at and————————————————————————— Language: EnglishCompany: ALLGEIER SE Wehrlestraße 12 81679 München GermanyPhone: +49 (0) 89 – 99 84 21 0Fax: E-mail: info@allgeier.comInternet: http://www.allgeier.comISIN: DE0005086300WKN: 508630Indices: CDAXListed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service —————————————————————————