Acquisition of avantum consult AG Intended / All for One Steeb AG

Filderstadt, 28 March 2014 – All for One Steeb AG, the leader in the German-speaking SAP midmarket segment, intends to acquire all the shares in avantum consult AG, Düsseldorf. The three directors in the avantum consult management board, Michael Sinß (CEO), Dr. Thomas M. Fischer and Dirk Böckmann, own these shares indirectly through holding companies. An agreement was reached with all three shareholders regarding the key points of a share purchase agreement that still has to be finalised.

The consulting specialties of avantum consult AG are Performance Improvement & Transformation, Corporate Reporting & Compliance and Performance Management Systems, which includes planning, reporting, forecasting and simulation systems. Operating primarily in Germany and Switzerland, the company is one of the most respected technology-independent consultancies in the market for business analytics and performance management. avantum consult AG presently employs some 70 people and is clearly profitable after having generated total revenues of approximately EUR 10 million during the past financial year. In addition to larger midmarket clients, the company also serves such major corporations as ANWR Group, Carl Kühne, Deutz, Daiichi Sankyo, Takeda Pharma, Kirchhoff Group, Knauf Gips, Merck, Mitsubishi Hitachi Power Systems Europe, Paulaner and many others.

There is clear business logic behind this planned transaction: All for One Steeb is the Number 1 in the German-speaking SAP midmarket segment and together with avantum consult wants to take a top spot in the growing overall market for business analytics and performance management. The executive bodies of avantum consult AG welcome this planned transaction. The three directors will continue their work as members of the avantum consult management board following the acquisition by All for One Steeb. The minimum purchase price is in the range of EUR 5 million and – depending on the company‘s business performance – may increase even further in the next three to four years. All for One Steeb AG’s own capital resources will be used to fund the purchase price. This planned transaction is expected to be completed in the next quarter, and requires final agreement on the part of the contracting parties, endorsement by their executive bodies, and the approval of the German Federal Cartel Office.