DGAP-News: All for One Steeb AG Intends to Acquire OSC Group
(firmenpresse) - DGAP-News: All for One Steeb AG / Key word(s): Acquisition/Letter of
Intent
All for One Steeb AG Intends to Acquire OSC Group
31.08.2012 / 12:59
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All for One Steeb AG Intends to Acquire OSC Group
Local presence in northern Germany to be greatly expanded / Acquisition of
an initial 60% of the shareholdings intended
Filderstadt, 31 August 2012 - All for One Steeb AG and the shareholders of
myOSC.com AG, Lübeck, Dr. Dietmar Kamp, Timm Nissen and Peter Duve, have
signed a comprehensive letter of intent that foresees a complete takeover
of myOSC.com AG and its subsidiaries in the coming years. According to the
letter, All for One Steeb AG intends to initially acquire 60% of the
shareholdings in the company and the remaining 40% of the shares following
the end of a multi-year earnout period. The three company founders will
continue to manage the business and serve as directors of myOSC.com AG and
managing directors of its subsidiaries. All for One Steeb AG will use this
planned equity deal to greatly expand its local presence in northern
Germany, and in so doing significantly enhance customer service and
support.
Established in 1993, the OSC Group (»Open Systems Consulting«) is one of
the strongest mid-size SAP consulting companies when it comes to sales. The
companies that comprise the group, namely myOSC.com AG at the top and the
subsidiaries OSC Open Systems Consulting GmbH, Lübeck, OSC Smart
Integration GmbH and OSC Business Solutions GmbH, both based in Hamburg, as
well as OSC Business Xpert GmbH, Burgdorf, together employ some 80 people
and most recently generated total annual revenues of approximately EUR 8
million. The OSC Group is not only an SAP Special Expertise Partner for
Supply Chain Execution and SAP Professional Services, but also operates
successfully in the fields of SAP Human Capital Management, SAP Business
Analytics and SAP Business One.
By decidedly strengthening its local presence in the north of Germany, All
for One Steeb AG would also further enhance its position as the No. 1 for
SAP among small and mid-sized businesses in what is called the DACH market
(Germany, Austria and Switzerland). The acquisition of the shareholdings is
expected to be completed in the coming weeks subject to, among other
things, finalising the purchase agreement taking into account any rights to
reserve approval.
myOSC.com AG
Timm Nissen, Director of myOSC.com AG:»This planned combination with the
No. 1 on the market offers outstanding long-term opportunities for
customers and employees alike. Our customers are asking more and more about
resources such as cloud services, business intelligence and mobility -
areas in which All for One Steeb has positioned itself as an efficient and
powerful service provider. And so, the intended alliance will enable us to
provide greater benefits to our customers by more comprehensively
fulfilling our role as an ERP pilot.«All for One Steeb AG
Andreas Naunin, All for One Steeb AG management team executive responsible
for Business Development, Marketing and Alliance Management:»I know and
value the OSC team from my time as the head of SAP Germany's SME division.
OSC has established an impeccable reputation in the north and has gained
predominance through its strong local ties, excellent customer relations
and marketing power.«Lars Landwehrkamp, CEO of All for One Steeb AG:»OSC and All for One Steeb
have been working together successfully for many years as business
partners. OSC now serves a large and prominent customer base particularly
in the consumer-goods and process industries and the field of business
logistics. Together we want to dramatically expand this good foundation.«About All for One Steeb AG
All for One Steeb AG ranks as one of the leading SAP full-service providers
for small and medium enterprises in German-speaking countries. The SAP Gold
Partner's portfolio comprises end-to-end solutions along the whole of the
IT value chain - from SAP industry solutions to outsourcing services and
application management. As a one-stop-shop for all SAP-related services,
All for One Steeb is a reliable general contractor for small and mid-sized
enterprises. With around 700 employees, it serves over 2,000 clients among
machinery and equipment manufacturers, automotive suppliers, consumer goods
industry, technical wholesalers and project and engineering service
providers. As a founding member of United VARs, the global network of
leading SAP partners for small and mid-sized enterprises, All for One Steeb
guarantees a comprehensive consulting and service portfolio as well as the
best local support in more than 56 countries. All for One Steeb ranks among
Germany's best employers (Great Place to Work 2010) and the best IT
consultants for the German midmarket (TOP CONSULTANT 2011).
In the financial year 2010/11, All for One Steeb AG (All for One Midmarket
AG) achieved a turnover of EUR 90 million - not including Steeb. The
company is listed in the Prime Standard segment of the Frankfurt Stock
Exchange (ISIN DE0005110001, WKN 511 000).
www.all-for-one.com/english
For the Editorial Department
An extensive picture gallery can be found under
www.all-for-one.com/press-photos
Online
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http://www.youtube.com/watch?v=QGzqWCHdkhc&list=UUOZrXPMbrEql2deZ6Uv_kyA&i
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Contact:
All for One Midmarket AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag(at)all-for-one.com
End of Corporate News
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31.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: All for One Steeb AG
Gottlieb-Manz-Straße 1
70794 Filderstadt-Bernhausen
Germany
Phone: +49 (0)711 78 807-260
Fax: +49 (0)711 78 807-222
E-mail: dirk.sonntag(at)all-for-one.com
Internet: www.all-for-one.com
ISIN: DE0005110001
WKN: 511000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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183760 31.08.2012
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