2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
DGAP-Ad-hoc: adesso SE / Key word(s): Takeover/Contract adesso SE acquires majority stake in KIWI Consulting EDV-Beratung GmbH / Bundling and strengthening of competencies in the field of banks and public clients adesso SE has concluded an agreement with the shareholders of KIWI Consulting EDV-Beratung GmbH (KIWI Consulting) to acquire 70 % of the shares. The debt-free, growing and profitable company from Walldorf achieved a turnover of over EUR 27 million and an EBIT of around EUR 3.4 million in 2020. Like adesso, KIWI Consulting offers customised IT consulting and software development, with an industry focus on banks, public-sector clients and mortgage lenders. In particular, KIWI Consulting holds large-volume framework contracts with the Deutsche Bundesbank in the area of individual payment transactions and securities processing of the Eurosystem. So far, the projects have mainly been staffed with external specialists. adesso is well positioned in the core sectors of banking and public administration with numerous in-house consultants and sees opportunities for the further expansion of these adesso core industries through the cooperation within the adesso Group. Synergy potentials arise from the bundling of finance expertise also in the area of public clients, in the staffing of framework agreements already won as well as from the mutual development of customer groups that overlap only slightly. As part of the acquisition, adesso SE will initially acquire a majority stake of 70% for a purchase price of up to EUR 16 million, depending on the company's targets achievement in the current financial year. The acquisition is subject to approval by the German Federal Cartel Office. The two managing partners will retain a minority stake and will continue to develop the operational KIWI Consulting business within the adesso Group in the future. adesso also plans to acquire the remaining shares by 2024. A combined call/put option was agreed with the sellers for this purpose. Depending on the future development of earnings, up to EUR 10 million will then be due as a further purchase price component. Explanations of the key figures used are published on the company's website at https://www.adesso-group.de/en/apm.jsp Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: ir@adesso.de
28-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | adesso SE |
| Adessoplatz 1 | |
| 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 Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; London |
| EQS News ID: | 1202022 |
| End of Announcement | DGAP News Service |
|
|
1202022 28-May-2021 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
