DGAP-News: All for One Midmarket AG Closes Steeb Acquisition and is Combining Two Powerful Brands into All for One Steeb
(firmenpresse) - DGAP-News: All for One Midmarket AG / Key word(s): Mergers&Acquisitions
All for One Midmarket AG Closes Steeb Acquisition and is Combining Two
Powerful Brands into All for One Steeb
02.12.2011 / 14:06
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All for One Midmarket AG Closes Steeb Acquisition and is Combining Two
Powerful Brands into All for One Steeb
100% of the shareholdings in Steeb transferred to All for One / Strong
growth potential / Successful start of joint market presence as»All for
One Steeb«/ Seeking a rapid integration to All for One Steeb AG
Filderstadt, 2 December 2011 - All for One has closed the share purchase
agreement it signed with SAP on 10 November 2011 as scheduled. Under this
agreement, All for One Midmarket AG took over 100% of the shareholdings in
Steeb Anwendungssysteme GmbH, Abstatt, from SAP AG, Walldorf. The transfer
of shareholdings was made with an effective date of 1 December 2011. This
acquisition follows a clear industrial logic: two strong, profitable and
similarly well-established companies are joining forces to form the most
efficient SAP full-service provider in the German-language SAP midmarket
segment. Today marks the date that the two companies start doing business
under their new combined brand name»All for One Steeb«.
Chief executive officer Lars Landwehrkamp had this to say as part of a live
stream to around 700 employees of All for One Steeb in Germany, Austria and
Switzerland:»All for One Steeb combines two outstanding brands that have
been successful leaders within the midmarket segment for many years in
order to deliver genuine added value by including the many SAP products and
services of the future and to accompany midmarket customers on their growth
curve«. The expanded management team of All for One Steeb was introduced
during the signing of the agreements on 10 November 2011, and was joined by
Andreas Naunin, the previous Head of SME and member of the Management Board
of SAP Deutschland AG&Co. KG.
The proposal to change the company's name to All for One Steeb AG will be
presented to the annual general meeting of All for One Midmarket AG that
will be held on 14 March 2012.
About All for One Steeb
The brand»All for One Steeb«represents the integrated market presence of
All for One Midmarket AG and its 100% subsidiary Steeb Anwendungssysteme
GmbH. All for One Steeb ranks as one of the leading SAP full-service
providers for the mid-sized business market where German is spoken. 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 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
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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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02.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: All for One Midmarket 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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