DGAP-News: AURELIUS acquires IT consulting activities of Telvent Global Services in Spain and South America
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Acquisition
AURELIUS acquires IT consulting activities of Telvent Global Services
in Spain and South America
12.12.2013 / 11:01
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AURELIUS acquires IT consulting activities of Telvent Global Services in
Spain and South America
Munich, December 12, 2013 - The Munich-based AURELIUS Group (ISIN
DE000A0JK2A8) is to acquire from Telvent, a subsidiary of the French group
Schneider Electric, the IT consulting activities of Telvent Global Services
in Spain, Brazil and Chile. These activities are leading IT consultancies
in the Spanish and South American markets. The transaction is scheduled for
completion in the first half of 2014. The parties have agreed not to reveal
the purchase price.
The over thousand employees of the activities acquired provide advice to
large companies from the banking sector and retailing in particular. A
further pillar of the business is in the fields of healthcare and public
administration. The company enjoys a strong competitive position in Latin
America, mainly in the fast-growing regions of Brazil and Chile, where over
30 percent of revenues are now generated on the back of constantly growing
market share.
The product portfolio comprises every aspect of IT consulting, from the
development through to the implementation and maintenance of both
individualized and standardized software, and also innovative proprietary
healthcare solutions.
'The business activities we've acquired are very attractive to AURELIUS, as
we're looking to expand IT as one of our core segments. What's more, the
acquired portfolio of TGS is a perfect fit with our present subsidiaries in
the IT sector. We can expect to leverage long-term synergy effects in this
field,' says Dr. Dirk Markus, CEO of AURELIUS AG.
ABOUT AURELIUS
AURELIUS has been successfully operating in the international market for
company acquisitions for many years. The focus is on companies and
corporate spin-offs in markets with plenty of potential for development.
Once under the AURELIUS umbrella, the acquisitions are given a long-term
strategic orientation and their potential developed. Building on active
operational support, the subsidiaries benefit from the management
experience and financial strength of the parent company. This is what makes
AURELIUS a 'good home' for companies and their employees.
At present, the AURELIUS Group encompasses 18 subsidiaries around the globe
with facilities in Europe, Asia and the United States. Among others, these
include traditional names like Blaupunkt and Berentzen together with
numerous industrial enterprises. Companies are acquired in accordance with
strict investment criteria, although there is no specific industry focus.
Shares of AURELIUS AG are listed in the m:access segment of the Munich
Stock Exchange and are traded on all German stock exchanges under ISIN
DE000A0JK2A8.
To find out more, visit 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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