DGAP-News: AURELIUS to expand its IT Services segment substantially
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Acquisition
AURELIUS to expand its IT Services segment substantially
04.02.2013 / 08:30
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AURELIUS to expand its IT Services segment substantially
It will acquire the German and Dutch activities of the Finnish Tieto
Corporation
- Seller to focus on its core markets
- AURELIUS to acquire the divisions Systems Integration&Consulting,
Healthcare and Product Engineering Solutions, with approximately 900
employees in Germany, the Netherlands, Poland and India
Munich, February 4, 2013 - The Munich-based AURELIUS Group (ISIN
DE000A0JK2A8) will acquire Tieto Deutschland GmbH, Eschborn, as well as
related activities in the Netherlands, Poland and India, from the Tieto
Group, based in Helsinki, Finland. Tieto, which is listed on the Finnish
and Swedish stock exchanges, is selling these activities in order to focus
on its core markets. The acquisition includes Tieto Deutschland GmbH, Tieto
Netherlands Healthcare BV and some dedicated development resources in the
off-shore and near-shore centers in Poland and India. Tieto is a leading
provider of IT and product engineering services. In 2012, the acquired
companies generated revenues of more than EUR 110 million. The transaction
is still pending, subject to the approval of the competent cartel
authorities, and should be completed in the second quarter of 2013. The
parties agreed not to publish the purchase price.
The roughly 900 employees in different countries acquired as part of this
transaction provide consulting services to prestigious companies in a wide
range of fields, including automotive, energy, healthcare, manufacturing,
finance and telecommunications. Through the use of smart products, digital
services and mobile solutions and by integrating them with existing
systems, such as automobile systems, the company creates new growth
opportunities for its customers and boosts customer satisfaction, optimizes
sales and designs innovative new workplaces inspired by social media.
Building on this successful business model, AURELIUS will develop these
activities further and seek to exploit regional growth potential in
adjacent markets.
'Information technology will be an important growth driver for AURELIUS in
the coming years. Acquired businesses from Tieto represent our fourth
investment in this sector in just the last twelve months,' said Dirk
Markus, Chairman of the Executive Board of AURELIUS. 'The importance of IT
will grow steadily in the coming decades and so we want to position our
company for the long term.' Already today, AURELIUS generates annual
revenues of well over EUR 550 million through its existing IT subsidiaries.
About AURELIUS
The AURELIUS Group specializes in acquiring companies with potential for
development that can be unlocked with close operational support. In the
company acquisition process, AURELIUS concentrates on identifying,
analyzing, creating and exploiting all the opportunities afforded by the
market. The AURELIUS Group views itself as a long-term 'good home' for its
subsidiaries. AURELIUS does not limit its acquisition targets to particular
industrial sectors, although it focuses primarily on the following
segments: Industrial Enterprises, Chemicals, Business Services, Consumer
Goods/Food&Beverage, and Telecoms, Media&Technology (TMT).
AURELIUS has many years of investment and management experience in various
industries and sectors. AURELIUS employs its management capacities and the
necessary financial resources to invest in product innovation, sales and
research in order to develop the potential of its subsidiaries. With
offices in Munich and London, and subsidiaries in Germany, the UK, France,
Poland, Hungary, the Netherlands, Switzerland, Norway, Belgium, Luxembourg,
Slovakia, Slovenia, the United States, China, Malaysia, India, Thailand and
South Korea, AURELIUS operates throughout the world. The shares of AURELIUS
AG are traded in the m:access segment of the Munich Stock Exchange under
the ISIN DE000A0JK2A8. For more information, visit our website at
www.aureliusinvest.de.
Contact
Investor Relations&Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor(at)aureliusinvest.de
End of Corporate News
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200419 04.02.2013
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