Investor Relations
DGAP-Adhoc: ALLGEIER SE: Allgeier SE expands its international software development business in the Technology business segment in the USA and China through acquisition


DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Takeover/Expansion
ALLGEIER SE: Allgeier SE expands its international software development
business in the Technology business segment in the USA and China through

08-Jun-2018 / 19:52 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, June 08, 2018 - Allgeier SE, Munich (ISIN DE000A2GS633, WKN A2GS63),
is strengthening its international software development business in the
Technology business segment with a further acquisition. Today, Allgeier SE
signed a purchase agreement to acquire 100 percent of the shares of
Objectiva Software Solutions, Inc., based in San Diego, California, USA.

Objectiva Software Solutions, Inc. was founded in 2001 and generated
revenues of around USD 24 million with an operating EBITDA margin of around
10 percent in the past fiscal year. Objectiva specializes in software
development solutions and cross-platform technology implementation,
especially in e-commerce and content solutions. The company has an excellent
customer base in the US market, ranging from private equity-financed
independent software vendors to Fortune 100 companies. In addition to its
offices in San Diego and Seattle, Objectiva operates sales networks in the
greater Chicago, Denver, Indianapolis and Boston areas. Thus, Allgeier is
continuing to expand its presence and network in the US market. In addition,
Objectiva has two development centers in Beijing and Xi'an, China with about
450 highly qualified software resources. By gaining these new colleagues,
Allgeier is further expanding its competence in the development of complex
software solutions for business-critical enterprise processes and is
continuing the internationalization of the Group. In addition to its
presence in the US market, Objectiva has also acquired attractive customer
presence in China and other Asian markets. As part of the Allgeier Group,
Objectiva will also expand its reach in Germany and Europe, in cooperation
with the Allgeier Group companies.

The purchase agreement is expected to be executed before the end of this
month. The purchase price amounts to a double-digit million Euros and is
divided into an amount due at closing and earn-out payments due at a later

Driven by global digitization and rapid technological development, there is
a high demand for highly agile software and application development on the
global markets. Topics such as the Internet of Things (IoT), Industry 4.0
and the targeted use of large amounts of data up to the inclusion of
artificial intelligence mean rapid changes for many business models and IT
systems across all industries. Against the background of these market
opportunities, the acquisition of Objectiva for Allgeier means taking the
next step in the further significant expansion of the technology business
segment. Already at the beginning of the year Allgeier strengthened its
global high-end software development business with the acquisition of the
Austrian software development specialist ANECON Software Design und Beratung
G.m.b.H., Vienna.


Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Phone: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11

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
digitization offers. Three operating segments with individual specialist and
sector-related focus areas work together for around 3,000 customers from
almost all business sectors. With around 8,000 salaried employees and about
1,400 freelance experts, Allgeier offers its customers an extensive
one-stop-shop range of solutions and services. Based on a highly flexible
delivery model, Allgeier covers the entire IT service spectrum from on-site
through to nearshore and offshore: with strong business pillars in India and
China, 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 120 branches in the region of Germany, Austria and Switzerland, in ten
further European countries, as well as in India, China, Singapore, Vietnam,
Malaysia, Japan, Australia, South Africa, Mexico and the USA. Allgeier
generated EUR 574 million of revenue in 2017 (continued operations).
Allgeier SE ranks first in the 2017 Lünendonk(R) special analysis of
"Leading German Medium-Sized IT Consultants and System Integrators".
According to the Lünendonk(R) 2017 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 A2GS63, ISIN DE000A2GS633). For more information, visit:


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   Language:    English
   Company:     ALLGEIER SE
                Wehrlestraße 12
                81679 München
   Phone:       +49 (0) 89 - 99 84 21 0
   Fax:         +49 (0) 89 - 99 84 21 11
   ISIN:        DE000A2GS633
   WKN:         A2GS63
   Indices:     CDAX
   Listed:      Regulated Market in Frankfurt (General Standard);
                Regulated Unofficial Market in Berlin, Dusseldorf,
                Hamburg, Stuttgart, Tradegate Exchange

   End of Announcement    DGAP News Service

693947 08-Jun-2018 CET/CEST