Publication of inside information pursuant to Article 17 MAR
Munich, July 26, 2021 – Allgeier SE (ISIN DE000A2GS633, WKN A2GS63), Munich, today reached agreement with the founders and shareholders of MySign AG, based in Olten, Switzerland, on the acquisition of 80 percent of the shares in MySign AG and signed a corresponding purchase agreement. The investment will be made by Allgeier IT Solutions GmbH, Bremen. The three founders of MySign will retain a 20 percent stake in MySign AG as entrepreneurs. The purchase price amounts to a single-digit million amount due at closing as well as a performance-based earn-out. The closing of the transaction is expected in the next three to four weeks.
The core business of MySign AG is the digitalization of business models with a focus on eCommerce. MySign has developed a modern proprietary online store solution based on modular microservices and customizes it to meet the complex needs of its customers. Together with MySign, Allgeier offers its customers a modern and more comprehensive technology in the area of eCommerce.
Allgeier is one of the largest full-service providers for software solutions and IT services with its own software products in the German-speaking region. Based on a broad base of more than 2,000 customers from the public sector, corporations, and market and industry leaders, as well as more than 3,000 employees, Allgeier continues its focused growth strategy with the buy-and-build approach that has been successful for many years.