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    Dr. Christopher Große
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Investor Relations
Allgeier strives for spin-off and independent listing of its global technology and software development business


ALLGEIER SE / Key word(s): Strategic Company Decision
Allgeier strives for spin-off and independent listing of its global technology and software development business

05-Nov-2019 / 15:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Munich, 05 November 2019 – Allgeier SE announced in its ad-hoc release dated September 12, 2019, that the Management Board with approval by the Supervisory Board of Allgeier SE was reviewing the forming of an independent technology and software development business unit.

In resolutions made today, the Management Board has decided with approval by the Supervisory Board of Allgeier SE on the strategic realignment of the Allgeier group. Specifically, it is planned to spin-off a newly formed business unit from Allgeier SE into a separate listed company, which will be positioned as an innovative, full-service, global leader in software engineering and technology solutions. This new business unit shall be developed on Nagarro’s entrepreneurial organizational model, through which Nagarro has integrated six acquisitions in six countries.

In addition to Nagarro as its core, the business unit shall consist of the following Allgeier businesses which are driven by the global, sector-agnostic trend of digitalization: iQuest, operating in Romania, Switzerland, Germany and Poland; Objectiva, operating in the USA and China; and the SAP business of Allgeier Enterprise Services, operating in Germany, France and Denmark. In the scope of these businesses, more than 7,000 employees are currently working on projects for customers in 25 countries.

Based on current guidance and pro forma figures, the spin-off unit would in the current financial business year account for approximately 50 % of Allgeier group’s revenues and would have an EBITDA margin of 11 to 12 %.

The aim is to submit a corresponding resolution proposal for the spin-off of the business unit to Allgeier’s shareholders in 2020, targeting an independent listing in the second half of 2020.

Allgeier SE will continue to further develop the remaining business units.


Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Einsteinstr. 172
81677 Munich, Germany
Phone: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11

Allgeier SE is one of the leading technology companies for digital transformation: Allgeier guides its customers through the challenges of digital transformation to ensure their future success. Allgeier achieves breakthroughs towards new digital business models, defines strategic priorities and implements groundbreaking projects with high flexibility and traction for global corporations as well as market and industry leaders from numerous industries and markets in order to design agile and intelligent organizations for the digital age. With more than 10,000 employees and over 1,000 freelance experts, Allgeier’s highly flexible delivery model covers the entire IT service spectrum from onsite to nearshore to offshore – with strong footholds in India, China, Vietnam and Eastern Europe. The fast-growing group, headquartered in Munich, has more than 140 branches in 28 countries on five continents worldwide. In the 2018 financial year, Allgeier generated sales of EUR 687 million from continuing operations with more than 2,000 customers. According to the Lünendonk(R) List 2019, Allgeier is one of the ten leading IT consulting and system integration companies in Germany. Allgeier Experts ranks among the TOP 3 IT personnel service providers in Germany according to Lünendonk(R) Market Segment Study 2019 “The Market for Recruiting, Placement and Management of IT Freelancers in Germany”. Allgeier SE is listed in the General Standard of the Regulated Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633). Further information can be found at: