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Investor Relations
Allgeier SE: Purchase agreement cannot be implemented as planned due to German Ciber companies filing for insolvency – Negotiations about already envisaged asset deal to continue nevertheless


Publication of inside information pursuant to Art. 17 MAR

Munich, March 30, 2017, 16:38 h – Allgeier SE (ISIN DE0005086300, WKN 508630) signed a purchase agreement with Ciber, Inc., Greenwood Village, Colorado, USA, on February 3, 2017, concerning German companies Ciber AG and Ciber Managed Services GmbH, Ciber France SAS, as well as further assets (see ad hoc announcement of February 3, 2017). With an ad hoc announcement on March 22, 2017, Allgeier announced that the transaction could not be implemented in the agreed manner, as crucial preconditions for the closing had not been met. For this reason, the parties initiated talks about an alternative structure to the transaction in the form of an asset deal. To date, it has not been possible to finally implement such a transaction due to the high level of uncertainty arising from concerns about the risk of legal appeals.

We were informed today that the German Ciber companies have filed for bankruptcy with the Cologne District Court. From Allgeier’s perspective this means that the original purchase agreement can now no longer be implemented conclusively.

Allgeier nevertheless appraises the portfolio and services of the German Ciber companies positively, and will consequently offer to the insolvency administrator to continue talks about the asset deal that has already been envisaged.

As before, Allgeier is prepared to offer customers and employees of Ciber Germany a rapid solution for the continuation and restructuring of the business. We will make direct contact with the insolvency administrator to this end.