adesso

adesso acquires majority shareholding in management systems GmbH

Latest news about adesso AG

Dortmund, 29.04.2019


29.04.2019 / 07:31
The issuer is solely responsible for the content of this announcement.


The IT service provider adesso has acquired a 90 percent stake in management systems GmbH, Neumünster, a leading provider of IT solutions to the German Associations of Statutory Health Insurance Physicians (kassenärztlichen Vereinigungen). With its 70 employees, the company generates annual sales of over EUR 6 million and has a pre-tax earnings margin of roughly 10 percent. The purchase price of the majority shareholding stands at less than EUR 5 million and will be financed through available liquidity. This investment further expands adesso's portfolio in its Health division.

management systems (ms) is a software company that has been successfully developing billing systems used by the majority of the German Associations of Statutory Health Insurance Physicians (kassenärztlichen Vereinigungen - KVs) for more than three decades. Its best known product is the KVAI core system, which includes the full range of business processes, from master data management to billing and the calculation of fees for doctors under contract with the statutory health insurers. Other products in the KV segment, such as requirement planning, the practice finder and doctor information, round out the product portfolio.

The purchase contract will result in adesso acquiring 90 percent of management systems GmbH. The current managing partner Dr Jens Finnern will retain a 10 percent stake in the company, which he will continue to lead as Managing Director. In addition to his role as Managing Director of management systems, Finnern will also take a leading role in adesso's Health division in the future, contributing his network of contacts and extensive industry knowledge.

management systems is currently planning to modernise its KVAI core system. It will be transferred to a new platform and will be offered to the German Associations of Statutory Health Insurance Physicians (kassenärztlichen Vereinigungen) under the name KVAI Pro. Jens Finnern, Managing Director of management systems comments: "With its many years' experience in the health and IT sectors, adesso is an ideal partner for the successful implementation of an ambitious project like KVAI Pro. The modernisation and enhancement of the proven software on the basis of new architecture will strengthen adesso's customer relationships with healthcare providers."

adesso has been successfully active in the healthcare sector for many years now and already works with multiple German Associations of Statutory Health Insurance Physicians. As a service partner to numerous health insurers and their medical services, as well as companies in the field of life sciences, adesso will benefit from the addition of management systems, its team and additional customer relationships. management systems is headquartered in Neumünster, near Kiel, Germany, and has been active in the IT sector since 1987. Before the takeover, the investment company Sauer Finance Holding GmbH owned a 75 percent stake in the company, while managing partner Dr Jens Finnern held the remaining 25 percent. Following the acquisition by adesso the company will take the form of an affiliated company under the umbrella of the adesso Group.
 

adesso Group
With over 3,200 employees and annual sales of EUR 375.5 million in 2018, adesso Group is one of the largest German IT service providers and has outstanding opportunities for growth. At its own locations in Germany, Austria, Switzerland, Turkey, Spain, Bulgaria, USA and the UK as well as at numerous customer sites, adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product-portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. 2016 and 2018, adesso was awarded as the best employer in the german IT-sector.

Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: ir@adesso.de

29.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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