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Investor Relations
Allgeier divests terna subsidiary

12/23/2015

Munich, 23 December 2015 – As part of a management buyout, Allgeier SE (ISIN DE0005086300, WKN 508630) has today reached agreement with AE BG Rho Holding GmbH concerning the sale of Austrian company terna Holding GmbH along with its subsidiaries terna GmbH – Zentrum für Business Software, which is based in Innsbruck (Austria), and terna Switzerland AG, which is based in in Root (Switzerland), and has concluded a corresponding acquisition agreement. The transaction will be concluded prospectively before December 31, 2015.

The core business of terna comprises providing management consultancy services to manufacturing and wholesale/retail companies relating to the analysis and optimisation of business processes, sales, and the implementation and maintenance of business software, especially leading ERP (Enterprise Resource Planning) software. AE BG Rho Holding GmbH is backed up by terna’s management team of many years’ standing, and by the company’s financing partners. The purchase price, which will lie within the normal market valuation range for the type of business being sold, will be paid predominantly in cash when the transaction is executed. A double-digit amount in millions of euros will accrue to Allgeier from the transaction; a smaller amount comprising a vendor loan will be granted. An earnout has not been agreed.

As part of lending the Allgeier Group’s business a greater focus on the development and production of software solutions and the rendering of IT services for customers in the Enterprise area and top-tier medium-sized companies, Allgeier has decided to leave terna as an independent corporate group, and divest it. Both parties are convinced that a continuation of the successful business trends by the management offers the optimal environment for further development and growth of the business. Both Allgeier and terna are open to a future cooperation in the area of ERP and CRM software for medium-sized companies.