Investor Relations
DGAP-Adhoc: ALLGEIER SE: Allgeier divests terna subsidiary

12/23/2015

ALLGEIER SE  / Key word(s): Disposal

23.12.2015 18:27

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, December 23, 2015 - As part of a management buyout, Allgeier SE
(ISIN DE0005086300, WKN 508630) has today reached agreement with AE BG Rho
Holding GmbH concerning the sale of Austrian company terna Holding GmbH
along with its subsidiaries terna GmbH - Zentrum für Business Software,
which is based in Innsbruck (Austria), and terna Switzerland AG, which is
based in in Root (Switzerland), and has concluded a corresponding
acquisition agreement. The transaction will be concluded prospectively
before December 31, 2015.

The core business of terna comprises providing management consultancy
services to manufacturing and wholesale/retail companies relating to the
analysis and optimisation of business processes, sales, and the
implementation and maintenance of business software, especially leading ERP
(Enterprise Resource Planning) software. AE BG Rho Holding GmbH is backed
up by terna's management team of many years' standing, and by the company's
financing partners. The purchase price, which will lie within the normal
market valuation range for the type of business being sold, will be paid
predominantly in cash when the transaction is executed. A double-digit
amount in millions of euros will accrue to Allgeier from the transaction; a
smaller amount comprising a vendor loan will be granted. An earnout has not
been agreed.

As part of lending the Allgeier Group's business a greater focus on the
development and production of software solutions and the rendering of IT
services for customers in the Enterprise area and top-tier medium-sized
companies, Allgeier has decided to leave terna as an independent corporate
group, and divest it. Both parties are convinced that a continuation of the
successful business trends by the management offers the optimal environment
for further development and growth of the business. Both Allgeier and terna
are open to a future cooperation in the area of ERP and CRM software for
medium-sized companies.

Contact:

Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
Email: ir@allgeier.com
Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance
today: Allgeier combines the advantages of an international provider with
the merits of medium-sized companies with a growth strategy oriented
consistently to innovations and future trends, and an integrative business
model. Operating divisions, each with their individual specialist or
sector-related focal points, work together for more than 3,000 customers
from almost all sectors. With a highly flexible delivery model, Allgeier
covers the full range of IT services, from on-site and nearshore through to
offshore: A strong presence in India ensures flexibility and maximum
scalability of the services, supplemented by highly qualified expertise in
high-end software development. With more than 6,000 salaried employees and
around 1,400 freelance IT experts, Allgeier, as a one-stop shop, offers
customers a comprehensive portfolio of solutions and services. Allgeier's
customers include globally operating groups as well as innovative
medium-sized operations that wish to secure strategic advantages through
high-performing IT solutions, intelligent software and flexible personnel
services. This high-growth company, which is based in Munich, Germany,
operates 100 sites in the German-speaking region, and at further locations
in the rest of Europe, as well as in India, Singapore, Mexico and the USA.
In 2014 Allgeier generated EUR 428 million of revenue (continued
operations), according to preliminary figures. Allgeier SE was ranked first
in the Lünendonk(R) List 2015 of "Leading German medium-sized IT consulting
and system integration companies". The Allgeier Experts division ranks
among the top three IT personnel service-providers in Germany according to
the Lünendonk(R) 2015 market segment study "The market for recruiting,
mediating and managing IT freelancers in Germany". The company is listed on
the regular market of the Frankfurt Stock Exchange in the General Standard
segment (WKN 508630/ISIN DE0005086300). Further information is available on
the company's website at: www.allgeier.com.


23.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ALLGEIER SE
              Wehrlestraße 12
              81679 München
              Germany
Phone:        +49 (0) 89 - 99 84 21 0
Fax:          
E-mail:       info@allgeier.com
Internet:     http://www.allgeier.com
ISIN:         DE0005086300
WKN:          508630
Indices:      CDAX
Listed:       Regulated Market in Frankfurt (General Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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