Investor Relations
DGAP-Adhoc: 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

03/31/2017

DGAP-Ad-hoc: ALLGEIER SE / Key word(s): Acquisition
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

31-March-2017 / 11:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, 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, Thursday, March 30, 2017 - 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 local 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.

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 digital transformation:
with a growth strategy oriented to innovations and future trends, as well as
an integrative business model, Allgeier seizes the opportunities that
digitalization offers. Three operating segments, each with their individual
specialist or sector-related focal points, work together for around 3,000
customers from almost all business sectors. With more than 6,300 salaried
employees and more than 1,300 freelance experts, Allgeier offers its
customers an extensive one-stop-shop range of solutions and services. With a
highly flexible delivery model, Allgeier covers the entire IT service
spectrum from on-site through to nearshore and offshore: with a strong
business pillar in India, 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 100 branches in German-speaking countries, in nine
other European countries, as well as in India, Singapore, Vietnam, Mexico
and the USA. Allgeier generated EUR 498 million of revenue in 2016
(continuing operations) according to preliminary figures. Allgeier SE ranks
first in the 2016 Lünendonk(R) list of "Leading German Medium-Sized IT
Consultants and System Integrators". According to the Lünendonk(R) 2016
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 508630, ISIN DE0005086300). For more
information, visit: www.allgeier.com.


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31-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at 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:         +49 (0) 89 - 99 84 21 11
   E-mail:      info@allgeier.com
   Internet:    http://www.allgeier.com
   ISIN:        DE0005086300
   WKN:         508630
   Indices:     CDAX
   Listed:      Regulated Market in Frankfurt; Regulated Unofficial Market
                in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart,
                Tradegate Exchange



   End of Announcement    DGAP News Service
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560707 31-March-2017 CET/CEST