DGAP-News: AURELIUS sells Consinto to DATAGROUP AG
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Disposal
AURELIUS sells Consinto to DATAGROUP AG
20.01.2012 / 07:00
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AURELIUS sells Consinto to DATAGROUP AG
- Successful further development and sustainable profitability at
Consinto since acquisition by AURELIUS
- Sales price EUR17 million plus earnout
- DATAGROUP intends to significantly expand IT consultancy and
outsourcing services
Munich, 20 January 2012 - AURELIUS (ISIN: DE000A0JK2A8) is selling its
subsidiary Consinto GmbH, Siegburg (Germany), to DATAGROUP AG (WKN A0JC8S).
The sales price consists of two components: an immediate payment of EUR17
million, plus an earnout element, which could take the total price to well
over EUR20 million. The transaction should be closed by 31 January 2012.
AURELIUS acquired Consinto (formerly Thales Information Systems GmbH) in
2008 from the French Thales group, as the German IT consultancy did not fit
with the core company strategy. Consinto, based in Siegburg (North
Rhine-Westphalia), is a leading, medium-sized, independent IT consulting
firm with its own data centre, more than 30 years' experience in the
sector, and prestigious clients from a variety of industries. Thanks to its
detailed, in-depth knowledge and outstanding technological competence,
Consinto is able to develop tailor-made solutions, which address the
clients' core processes. Today, Consinto has around 350 employees at nine
locations in Germany, and in 2011 generated a turnover of approximately
EUR50 million.
Successful further development through AURELIUS
Over the past three years, the company has been successfully developed
further with the active support of AURELIUS. In this time, Consinto was
able to achieve considerable growth (2011: plus 13 %) and sustainable
profitability, despite what was a difficult economic climate in some
respects.
Assisted by AURELIUS, the company made substantial investments in its data
centre, which led to the creation of a leading technological platform. On
this basis, it was possible to acquire numerous new outsourcing customers.
In addition, Consinto founded a subsidiary under the brand name 'Inshore
Software Service' to provide remote application support and maintenance for
various technology platforms. This approach of 'nearshoring made in
Germany' perfectly completed the company's range of services and it
successfully branched out into a new market segment. In order to improve
Consinto's position, extensive investments were made to further develop and
redevelop industry-specific solutions. This significantly increased market
and customer awareness of Consinto. During the company's association with
the AURELIUS group, its partnership with SAP has been greatly reinforced
and expanded to include highly innovative solutions and products. In 2011,
Consinto attained certification to ISO 27001 in order to have its existing
IT security management system externally appraised. This certification,
which is still relatively unknown but rapidly growing in significance, gave
the company a competitive advantage.
Strategic milestone for DATAGROUP
One of DATAGROUP's key strategic objectives is to substantially increase
the proportion of its value creation in high quality IT consultancy and
outsourcing services. To achieve this objective, DATAGROUP acquired BGS AG
in January 2011, and has now agreed with AURELIUS to take over Consinto.
The complementary services offered by both companies and their concordant
profile for customers are exceptionally good qualifications for Consinto's
successful development within into DATAGROUP.
About Consinto
CONSINTO stands for the core competencies of Consulting, System Integration
and Operation. The company is a medium-sized, independent IT consulting
firm with its own data centre, more than 20 years' experience with SAP, and
prestigious customers from industries including automotive&manufacturing,
aerospace, energy&utilities, and banking&insurance.
About DATAGROUP
DATAGROUP supplies the whole of Germany with IT services, IT solutions and
consulting. DATAGROUP grows organically and through acquisitions. With over
1,300 employees and 18 locations in Germany, DATAGROUP is one of the top 13
companies in its sector. For further information please visit
www.datagroup.de.
About AURELIUS
AURELIUS AG is an industrial holding company with a long term investment
horizon, specialising in acquiring companies with the potential for
development. AURELIUS has many years of experience in investment and
management, in various different industries and sectors. AURELIUS uses its
management skills and the necessary financial means to invest in innovative
products, sales and research in order to further develop its partnerships.
With offices in Munich and London, as well as shareholdings in Germany, the
United Kingdom, France, Ireland, Poland, the Netherlands and Switzerland,
AURELIUS is active throughout Europe. Shares in AURELIUS AG are traded on
the Open Market of the Frankfurt Stock Exchange (FWB) under ISIN
DE000A0JK2A8. For further information, please visit www.aureliusinvest.de.
Contact
AURELIUS AG
Investor Relations&Corporate Communication
Tel. +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor(at)aureliusinvest.de
End of Corporate News
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