Dortmund, 12.06.2015
adesso AG: significant corporate acquisition makes adesso a leader in IT services in Switzerland
adesso AG: significant corporate acquisition makes adesso a leader in IT services in Switzerland Dortmund, June 12, 2015 - adesso intends to form through the complete takeover of Born Informatik AG and a rapid merger of both operations with offices in Zurich and Bern, a leading IT services company with a total of CHF 40 million turnover. The Born Informatik AG with its workforce of 124 employees generates sales of CHF 28 million with IT consulting and customized software development especially for public and government clients. Born therefore complements adesso activities in Switzerland both regionally and technically in an excellent way. The 1986 established company shows a normalized profit before tax of CHF 2.9 million (currently approx EUR 2.8 million) with a pre-tax return of 11%. The supervisory board of adesso AG has today approved the present purchase agreement. The closing oft he transaction is aimed at short notice. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Additional Information Born Informatik develops customized software solutions for a wide range of applications. The company is very well established and one of the first addresses for custom-developed applications and high-quality services in German-speaking Switzerland. The broad technology range based on Java and Microsoft .NET includes: planning, construction and maintenance of applications, assignment of IT specialists in client projects on site, support for architecture, technology and product issues and testing. Numerous companies from the sectors of public administration, banking, industry, telecommunications, logistics and insurance companies rely for many years on the expertise of Born Informatik. Sellers of the company are founder André Born and the COO, Daniel Urwyler, who will chair this function even after the transaction for adesso in Switzerland. André Born will be member of the adesso Switzerland supervisory board and will act as an advisor regarding integration and further development. adesso is entitled to Born Informatik profits back from 1.1.2015. The purchase price is calculated according to 6.2 times pre-tax earnings and will be paid in cash. Born Informatik is debt free. adesso will finance the purchase price given the low interest rates and the strong balance sheet structure of adesso completely externally with acquisition loans with maturities of 5, 7 and 10 years in CHF and EUR, one half each installments and bullet. Buyer is adesso Switzerland AG which will be quickly merged with Born Informatik AG. Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: ir@adesso.de 12.06.2015 The DGAP 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: adesso AG Stockholmer Allee 20 44269 Dortmund Germany Phone: +49 231 7000-7000 Fax: +49 231 7000-1000 E-mail: ir@adesso.de Internet: www.adesso-group.de ISIN: DE000A0Z23Q5 WKN: A0Z23Q Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Head of Investor Relations Martin Möllmann +49 231 7000-7000