DGAP-News: Allgeier strengthens its international presence through further expansion of personnel services business
(firmenpresse) - DGAP-News: ALLGEIER SE / Key word(s): Acquisition
Allgeier strengthens its international presence through further
expansion of personnel services business
08.10.2012 / 15:46
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Munich, October 8, 2012 - Munich-based Allgeier SE (ISIN DE000508300, WKN
508630), one of the leading IT consulting and service companies in the
German-speaking region, is expanding its extensive range of products and
services - both qualitatively and quantitatively - in the growth market for
IT and commercial personnel services, and is strengthening its presence on
the important future market of Turkey.
Allgeier reached agreement with the owners and management of Turkish
personnel services company Oxygen Consultancy to further develop the
company under the auspices of the Allgeier Experts division in the future.
Allgeier has reached contractual agreement with the recruiting specialist's
shareholders concerning the purchase of 90 % of the company's shares, and
has entered into corresponding contracts. The agreements are executed this
Monday.
For Allgeier, the transaction represents a further consistent strategic
step to occupy important growth markets in the international arena. As a
consequence, Allgeier is continuing to pursue its successful policy of
acquiring interests in outstanding, high-growth, medium-sized companies and
of further tapping high-margin areas of activity through stringently
selected and value-creating acquisitions. Allgeier announced the
acquisition of personnel services-provider TECOPS in August. The Allgeier
Experts Division, with its companies Goetzfried, TECOPS, TOPjects 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, transfer and management of IT specialists,
commercial experts and engineers, the realisation of development projects,
the planning and implementation of IT infrastructure solutions, and the
design and development of software.
Oxygen Consultancy's service range exhibits a high degree of strategic
harmony with the Experts divisional portfolio: Oxygen Consultancy has more
than ten years' experience in recruitment services, and in the mediation of
IT experts and commercial specialists. At its two locations of Istanbul and
Izmir, the company acts particularly for companies from the IT, finance,
consumer goods and pharmaceutical sectors - with a particular focus on
large-scale industry. Oxygen Consultancy occupies a leading position on the
personnel services market in the Turkish economic metropolis of Istanbul.
'Oxygen Consultancy has ranked as one of the leading independent
recruitment solutions companies active in Turkey, Central Asia, CIS and
Near East since 2002, providing specialised recruitment services in
consumer products and services, technology, life sciences and healthcare,
energy, financial services, industrial, transportation and logistics,
across all functions. It is now time for Oxygen Consultancy to broaden its
presence both vertically and laterally to an international organisation
providing in depth personnel services from expert to managerial levels,
including recruitment, personnel and outsourcing services with a broader
local presence hopefully extending throughout the region,' commented Cagri
Alkaya, Chairman of the Board of Directors of Oxygen Consultancy. The
company has reported continuous revenue and earnings growth over the past
years, achieving revenue last year in a low-single digit amount in millions
of euros, and a significantly double-digit earnings margin. The personnel
specialist plans further revenue and earnings growth for the current year.
With Oxygen Consultancy and its excellent management team, Allgeier now
commands a second pillar on one of Europe's fastest growing markets. With
its product company Allgeier IT Solutions, Allgeier is already represented
in the Turkish market, especially with document management systems and
specialist software in the medical sector. Turkey, with its approximately
75 million inhabitants, forms the gateway to the Middle Eastern region.
More than 20 million individuals live in the metropolitan areas of
Istanbul, Izmir and Ankara alone. Branches of all major international
companies are located in the financial and economic centre of Istanbul.
Oxygen's management aims to exploit synergies and economies scale on a
targeted basis within the Allgeier Group. 'Oxygen Consultancy aims to
increase the scope and intensity of its services to its clients, benefiting
from the financial strength and the experience of Allgeier Group in the
mediation and outsourcing of the experts level for both local and
international clients. Through this partnership Allgeier Group will be able
to provide quality services for its global clients, not only in Turkey but
also in the broader region served from Turkey', as Cagri Alkaya stated.
Founder and Chairman Cagri Alkaya will continue to bear managerial and
entrepreneurial responsibility portfolio within the framework of
strategically coordinated planning as the Chairman of the Board of
Directors, and as a 10 % shareholder.
Contact:
Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir(at)allgeier.com
Web: www.allgeier.com
Munich-based Allgeier SE is one of the leading IT companies in the
German-speaking region. With more than 4,000 salaried employees and around
1,500 freelance IT experts, Allgeier offers customers a complete service
approach and a comprehensive portfolio of solutions and services. Sixteen
corporate units, each with individual specialist and sector-related focal
points, work together for more than 2,000 customers from almost all
sectors. Allgeier combines the advantages of an international IT company,
such as product breadth, and strength in terms of performance and
processes, with the expertise and customer-proximity of a powerful
medium-sized-company provider. This high-growth company currently operates
at more than 90 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 EUR379 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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08.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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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