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Investor Relations
Allgeier SE and Ciber, Inc. combine SAP business in Germany

02/03/2017

Publication of inside information pursuant to Art. 17 MAR

Munich, 3 February 2017, 22:35 h – Allgeier SE (ISIN DE0005086300, WKN 508630) and Ciber, Inc., headquartered in Denver, Colorado, USA, have reached an agreement today to combine their activities in the German market for SAP Consulting Services and SAP Managed Services. To this end, Ciber is selling its German companies, namely Ciber AG based in Heidelberg and Ciber Managed Services GmbH based in Freiburg, to Allgeier Enterprise Services AG. In addition, Ciber France SAS based in Entzheim, France, and major parts of the operations, including the customer relationships and employees of Ciber Danmark A/S headquartered in Brøndby, Denmark, will be transferred, along with the software solution Ciber Compliance Suite for SAP Systems.

Allgeier will combine the acquired Ciber entities with its own existing SAP business in Allgeier ConsultingServices GmbH based in Kronberg and Allgeier Midmarket Services GmbH based in Freiburg under the umbrella of Allgeier Enterprise Services AG.

The purchase price of the shares and assets acquired from Ciber amounts up to EUR 8 million. Part of the purchase price is contingent on the economic performance of the organization unit created through the process in 2017 and 2018. The transaction will take place once approval has been obtained from the antitrust authorities.

Ciber has found Allgeier as a competent and powerful partner to further and expand the business with major domestic and international companies as well as mid-sized companies at the high end of the market in Germany, France and Denmark. Allgeier is strengthening its Enterprise Services business and reinforcing its position as a leading full service provider of SAP Enterprise Services.