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ALLGEIER SE / Key word(s): Acquisition
06-Apr-2017 / 16:50 CET/CEST
Munich, April 5, 2017 – Allgeier SE (ISIN DE0005086300, WKN 508630) and lawyer Hans-Gerd Jauch, who is appointed as the preliminary insolvency administrator of Ciber AG and Ciber Managed Services GmbH, are in intensive and well advanced negotiations about an agreement that will enable Allgeier to continue the operating business of the German companies of the Ciber Group. The draft agreement envisages Allgeier taking over the customer relationships as well as further assets.
Further details of the transaction are currently being coordinated. The joint goal is to sign a contractual agreement by the end of this week. Execution of the agreement will nevertheless be formally subject to the opening of the insolvency proceedings.
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 focuses work together for around than 3,000 customers from almost all business sectors. With more than 6,300 salaried employees and more than 1,300 freelance experts, Allgeier offers its customers an extensive one-stop-shop range of solutions and services. With 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, Mexico and the USA. Allgeier generated EUR 498 million of revenue in 2016 (continuing operations), on the basis of preliminary results. Allgeier SE ranks first in the 2016 Lünendonk(R) list of “Leading German Medium-Sized IT Consultants and System Integrators”. According to the Lünendonk(R) 2016 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 508630, ISIN DE0005086300). For more information, visit: www.allgeier.com.