08/02/2012

Munich, August 2, 2012 – Allgeier SE (ISIN DE0005086300, WKN 508630), one of the leading companies in the German IT sector, has reached agreement with the owner and management of tecops personal GmbH to further develop TECOPS in the future as part of the Allgeier Experts Division. Today, Thursday, Allgeier SE reached agreement with the sole shareholder of tecops personal GmbH concerning the purchase of 100 percent of the shares in the company, and has concluded corresponding agreements. As a consequence, Allgeier is continuing to pursue its successful policy of acquiring interests in high-growth companies through stringently selected and value-creating acquisitions. The planned purchase price comprises a double-digit amount in millions of euros. The efficacy of the agreement is subject to normal anti-trust conditions. The agreements are expected to be executed within the coming weeks.

TECOPS has more than 20 years of experience in the recruitment and mediation of specialist staff. The company currently employs 1,400 staff at 12 locations, and can make recourse to a pool of 60,000 IT specialists and technical staff. The range of services focuses on personnel outsourcing in the IT and commercial area, the mediation of IT specialists, and project services. The company has reported strong revenue and earnings growth over the last five years, and turned over more than EUR 50 million in 2011. For 2012, tecops personal GmbH plans further sustainable revenue and earnings growth.

The Allgeier Experts Division, with its companies Goetzfried and U.N.P., commands more than 30 years’ experience in the provision of expertise and flexible personal resources. As part of a complete service approach, the division offers all personnel services on a one-stop-shop basis spanning consulting, planning, and recruitment, through to the operational implementation of IT projects and subsequent operation. The business areas of TECOPS and Allgeier complement each other ideally. With the acquisition, Allgeier aims to further expand its portfolio of products and services, as well as its comprehensive geographic coverage in the growth market for IT personnel services.

TECOPS’ board and management team will continue to bear corporate responsibility within the framework of strategically coordinated planning. The current sole shareholder of tecops personal GmbH, Reiner Pientka, intends to invest in a significant shareholding in Allgeier SE, and will accompany TECOPS and Allgeier in the future on a consultative basis.