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Thứ Hai, 31 tháng 3, 2014

Software AG To Sell SAP-Service Operations In DACH Region To Scheer Group - RTT News

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Software AG (STWRY.PK) Tuesday said an agreement has been reached with the Scheer Group GmbH of Saarbrucken, Germany concerning the sale of its SAP-service operations in Germany, Austria and Switzerland, known as the DACH region.


The parties have agreed to maintain confidentiality with regard to the details of the agreement and the purchase price. The transaction is expected to close in the second quarter of 2014.


The deal includes all of Software AG's SAP product-specific services in the region DACH bundled in its subsidiary IDS Scheer Consulting GmbH with some 500 employees and total revenue of some 64 million euros in fiscal 2013.


With this step, Software AG will conclude the consolidation and transformation of the non-core SAP consulting business , after divesting the operations in North America and Eastern Europe in 2013.


The SAP consulting business was part of IDS Scheer AG which Software AG acquired in 2009 with the main focus on ARIS, a business process analysis product portfolio.


Software AG has fully integrated and further developed the ARIS product family which has become a driving part of its fast growing product line Business Process Excellence. This business line provides 60 percent of Software AG's product revenue and has showed significantly stronger growth than the market and its peers.


Software AG and the Scheer Group have been partners in the German Software Cluster for more than five years and plan to extend their cooperation based on ARIS technology .


The transaction is expected to have a neutral to slightly positive effect on stated IFRS Earnings Before Interest and Tax or EBIT for fiscal 2014 and will reduce the revenue and business line contribution of the consulting division.


The company now expects for fiscal 2014 additional improvements of group profit margin and to increase non-IFRS operating result for the year by two to seven percent over the previous year.







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by RTT Staff Writer


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