DGAP-News: All for One Steeb AG Seeks to Invest in Customer Base for SAP Human Capital Management
(firmenpresse) - DGAP-News: All for One Steeb AG / Key word(s): Acquisition/Corporate
Action
All for One Steeb AG Seeks to Invest in Customer Base for SAP Human
Capital Management
10.10.2013 / 19:10
---------------------------------------------------------------------
All for One Steeb AG Seeks to Invest in Customer Base for SAP Human Capital
Management
Equity interest in KWP Group to be raised to 100% / Besides cash component,
capital increase against non-cash contributions from authorised capital
intended / Closer integration of largest subsidiary to reinforce the Number
1 position in German-speaking countries / Leading the way on the HR market
with SAP Cloud Services and SuccessFactors
Filderstadt, 10 October 2013 - All for One Steeb AG, the leading integrated
full-service provider in the German-speaking SAP midmarket segment, intends
to further expand its activities relating to SAP Human Capital Management.
To accomplish this, increased investments in the customers and services of
its largest Group company are intended. The equity interest in the
subsidiary KWP Kümmel, Wiedmann + Partner Unternehmensberatung GmbH,
Heilbronn, (KWP), is to be increased from its current 56% to 100%. KWP
shareholder and managing director Hartmut Kümmel intends to contribute his
share of KWP in the amount of 34% of the nominal capital in return for
which he is to receive 122,000 new shares of All for One Steeb AG stock and
a cash payment. This action would involve increasing All for One Steeb AG's
share capital - presently EUR 14.58 million and divided into 4,860,000
registered shares - to EUR 14.946 million divided into 4,982,000 shares.
The interest in KWP held by Joachim Volpert (10% of the nominal capital)
is, however, to be compensated for in cash.
The management board of All for One Steeb AG reached an underlying
agreement about the terms of the transaction with Kümmel and Volpert on 10
October 2013. The management board is expected to adopt the resolution for
the capital increase before the end of autumn 2013. The capital increase
and the agreements to be concluded in connection with the acquisition of
the shareholdings still require the approval of the supervisory board, and
the increase in the equity interest in KWP may also require authorisation
from antitrust authorities.
Following a robust growth phase in recent years, KWP is recognised as a
market leader for SAP ERP Human Capital Management, most recently
(financial year 2011/12) generated revenues of nearly EUR 17 million and
currently employs more than 140 people.
Hartmut Kümmel and Joachim Volpert, KWP managing directors:»In only four
years All for One Steeb more than doubled its revenues and has risen to
become the recognised Number 1 in the German-speaking SAP midmarket
segment. This is the kind of remarkable success story to which we intend to
add many more exciting chapters. This is also why we are now closing ranks
and sending a clear signal of the great things to come for our customers
and employees alike. We'll remain dedicated and involved for the long term
in our roles as both managing directors of KWP within the All for One Steeb
Group and as shareholders. We intend to vastly expand our mutual customer
base through an interlocking and complementing range of products and
services«.
Lars Landwehrkamp, CEO of All for One Steeb AG:»On its own, and over the
decades, KWP has established a powerful brand thanks to its consistent
focus on the SAP HCM market. All for One Steeb and KWP together already
serve an installed base of more than 2,000 customers. Increasing our equity
interest will enable us to develop this potential more intensively. We will
build an even stronger profile, score points with our own offerings of SAP
Cloud Solutions and SuccessFactors, and clearly position the benefits of
our private cloud services to customers when choosing between outsourcing
the IT operations or running them in house«.
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 900 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 2012/13).
In the financial year 2011/12, All for One Steeb AG achieved a turnover of
EUR 153 million. 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
http://www.all-for-one.com/en/press-center/single-view/article/all-for-one
-steeb-ag-10.html
YouTube
http://www.youtube.com/watch?v=LMxwC3BgLgw&feature=c4-overview&list=UUOZrX
PMbrEql2deZ6Uv_kyA
Follow us
http://www.youtube.com/allforonemidmarkettv
http://www.facebook.com/all41
http://www.twitter.com/AllforOneSteeb
http://www.xing.com/companies/AllforOneSteebAG
Contact:
All for One Steeb AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, E-Mail
dirk.sonntag(at)all-for-one.com
End of Corporate News
---------------------------------------------------------------------
10.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
234195 10.10.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 10.10.2013 - 19:10 Uhr
Sprache: Deutsch
News-ID 304873
Anzahl Zeichen: 8250
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 200 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: All for One Steeb AG Seeks to Invest in Customer Base for SAP Human Capital Management"
steht unter der journalistisch-redaktionellen Verantwortung von
All for One Steeb AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
