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ALLGEIER SE / Key word(s): Acquisition
12-Apr-2017 / 12:33 CET/CEST
Munich, April 7, 2017 – Allgeier SE (ISIN DE0005086300, WKN 508630) has today reached agreement with lawyer Hans-Gerd Jauch – who was appointed today as the insolvency administrator of Ciber AG and Ciber Managed Services GmbH after these latter companies filed for insolvency – to take over the customer relationships and other assets of the German companies of the Ciber Group, and has concluded corresponding agreements with the insolvency administrator.
The transaction enables Allgeier to continue and restructure the significant parts of the German Ciber companies’ operating businesses. Allgeier assumes the agreement can be executed by next Tuesday, April 11, 2017, at the latest, allowing Allgeier to continue the customer relationships from that date.
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.