DGAP-News: Allgeier further expands its personnel services business
(firmenpresse) - DGAP-News: ALLGEIER SE / Key word(s): Acquisition
Allgeier further expands its personnel services business
02.08.2012 / 14:11
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Munich, August 2, 2012 - Munich-based Allgeier SE (ISIN DE000508300, WKN
508630), one of the leading IT consulting and service companies in the
German-speaking region, 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 reached
contractual agreement with the current sole shareholder of the Munich-based
IT personnel service-provider concerning the purchase of all shares in the
company. The efficacy of the agreement is subject to normal anti-trust
conditions. The agreements are expected to be executed within the coming
weeks. As a consequence, Allgeier is continuing to pursue its successful
policy of acquiring interests in outstanding and high-growth companies
through stringently selected and value-creating acquisitions. With this
agreement with TECOPS, Allgeier is qualitatively and quantitatively further
expanding its comprehensive range of products and services in the important
growth market for IT personnel services. The business areas of TECOPS and
Allgeier complement each other ideally.
tecops personal GmbH has more than 20 years of experience in the
recruitment and mediation of specialist staff. The company 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. TECOPS turned over more than EUR 50
million in 2011. The company plans further sustainable revenue and earnings
growth for 2012.
The Allgeier Experts Division, with its companies Goetzfried and U.N.P.,
has stood for many years for the reliable and rapid provision of expertise
and flexible personal resources. The services it offers include the
recruitment, mediation and management of IT experts and engineers, the
realisation of development projects, the planning and implementation of IT
infrastructure solutions, and the design and development of software.
'TECOPS and Allgeier are two high-performing service-providers which fit
each other outstandingly. As is the case with Allgeier, TECOPS stands for
speed, flexibility and the highest degree of transparency - accompanied by
absolute customer-orientation, stability and reliability. We aim to further
boost our service quality with this merger,' commented Dr. Marcus Goedsche,
Management Board member of Allgeier SE. TECOPS will be continued as an
independent unit within the Allgeier Group in order to optimally exploit
its good market position and its employees' expertise. Allgeier manages all
Group companies according to a decentralised management principle. The
managing directors and management board members of Allgeier Group companies
operate as independent entrepreneurs within the framework of strategically
coordinated planning. In this way, Allgeier combines the advantages of a
high-performing international IT company with the particular virtues of
powerful medium-sized company units. 'TECOPS boasts a highly competent
team. Allgeier is backing TECOPS' management and staff, who are responsible
for the company's success with their commitment and experience. We regard
TECOPS as an important pillar in our strategic orientation to IT personnel
services, and we are convinced that Allgeier and TECOPS will continue to
grow further together in the future,' Dr. Marcus Goedsche went on to add.
TECOPS' management aims to exploit synergies and economies of scale on a
targeted basis within the Allgeier Group. 'By belonging to a
high-performing group, TECOPS enjoys optimal preconditions for developing
our staff, and for continuing on our growth path,' stated Ludwig Hank and
Dr. Volker Buttermann, managing directors of tecops personal GmbH.
'Allgeier's culture is characterised by a consistent orientation to
specialist expertise, combined with a high level of entrepreneurial
independence and staff-orientation. In addition to its impressive growth
track record, Allgeier commands a high degree of profitability and
financial strength, which signifies stability and continuity for employees
and customers,' the managing directors went on to comment.
The purchase price for tecops personal GmbH comprises a double-digit amount
in millions of euros. In line with Allgeier's decentralised management
principle, 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 as
part of the sale: 'I am pleased to have found in Allgeier a buyer that will
support the future growth that is required, and with whose orientation
TECOPS' business fits very well. Since I am convinced that both companies
will develop well together, it was very important to me personally to
accompany the future path as a shareholder.' Reiner Pientka will also
actively accompany TECOPS and Allgeier in a consultative role.
Contact:
Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: pr(at)allgeier.com
Web: www.allgeier.com
Munich-based Allgeier SE is one of the leading consulting and service
companies in the German-speaking region. With more than 2,600 employees and
around 1,500 freelance IT experts, Allgeier offers its customers a complete
service approach spanning design, implementation, and through to the
operation of IT landscapes. Fifteen corporate units, each with its own
specialist and sector-related focus, work together for more than 2,000
customers from almost all sectors. Allgeier combines the expertise and
customer-proximity of medium-sized company units with an international,
listed company's strength and performance. This high-growth company
currently operates at more than 80 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 379 million of revenue in 2011. 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.
End of Corporate News
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02.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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(at)allgeier.com
Internet: http://www.allgeier.com
ISIN: DE0005086300
WKN: 508630
Indices: CDAX
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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180179 02.08.2012
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