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ALLGEIER SE / Key word(s): Acquisition
10.03.2014 / 11:10
Austrian consulting and software specialist Hexa Business Services joins Allgeier’s “Nagarro” Division
Munich, March 10, 2014 – Austrian IT consulting company Hexa Business Services and Vienna-based Nagarro Austria GmbH have combined their strengths with effect from February 26, 2014. The merger allows Allgeier’s “Nagarro” Division to further expand its capabilities as a multinational provider of end-to-end software services.
Vienna-based Hexa Business Services Beratungs- und Dienstleistungs GmbH employs 40 staff and is one of Austria’s leading Cloud and outsourcing specialists. The company has successfully realised many large scale software development projects and transformation programs for numerous market-leading companies in Austria over recent years. Through combining their joint service portfolios, Hexa and Nagarro will offer customers in Austria a highly flexible and scalable mix of local, nearshore and offshore delivery options in the future.
With this transaction, Allgeier is consistently further developing the Group as part of the implementation of its Allgeier Agenda 2015. Allgeier is further focusing its business model on high-growth areas offering above-average development potential.
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. Six operating divisions, each with their individual specialist or sector-related focal points, work together for more than 2,000 customers from almost all sectors. With more than 4,500 salaried employees and over 1,300 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 at more than 100 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Mexico and the USA. Allgeier generated EUR 423 million of revenue in 2012. Allgeier SE was ranked first in the Lünendonk(R) List 2013 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) 2013 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.
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