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All for One Group SE acquires SAP service provider SNP Poland

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DGAP-News: All for One Group SE / Key word(s): Takeover/Alliance
30.09.2021 / 14:00
The issuer is solely responsible for the content of this announcement.

All for One Group acquires SAP service provider SNP Poland

- All for One Group SE acquires majority stake in Poland's leading provider of SAP services with a team of more than 400 employees

- Acquisition to boost the growth strategy, especially in the field of SAP S/4HANA transformation and for large international projects

- Transition of all shares scheduled to start from 2023 onwards

Filderstadt, 30 September 2021 - All for One Group SE, leading consulting and IT group, will acquire a majority stake of 51%, effective 1 October 2021, in SNP Poland Sp. z o.o., Suchy Las (Posen), from SNP Schneider-Neureither & Partner SE, Heidelberg, a world-leading provider of software solutions for digital transformation processes and automated data migration. The parties have entered into reciprocal optional purchase and sale agreements governing the complete acquisition of all shares. The options can be exercised for the first time from the end of 2023 onwards. Neither company is disclosing the purchase price. The acquisition will be funded from cash funds.

SNP Poland is a leading provider of SAP services in Poland with more than 400 employees and over 400 clients. In the first six months of 2021, the company generated revenues of around EUR 13 million and an operating profit (EBIT) of EUR 1,0 million. Recurring revenues from cloud and software maintenance services account for roughly 50% of all earnings.

Support for All for One Group's growth strategy: SAP S/4HANA transformation and international projects

Lars Landwehrkamp, CEO of All for One Group, explains the rationale behind the acquisition: »With its team of more than 400 colleagues, SNP Poland is hugely powerful when it comes to implementing the technical side of SAP S/4HANA conversions. And we will be requiring more of this strength for our large SAP client base in the years to come. At the same time, we will gain support when executing large international projects, which are increasingly playing a greater role within our Group. SNP Poland can contribute years of experience to this international environment.«

The transaction is testament to the close partnership with SNP Schneider-Neureither & Partner SE

All for One Group and SNP Schneider-Neureither & Partner are partners who collaborate closely, especially in the field of SAP S/4HANA transformations. The technical basis for the Conversion/4 subscription model developed by All for One Group to ensure secure and fast migration to SAP S/4HANA is provided by SNP's BLUEFIELD(TM) transformation method, which is very well respected in the market. Only recently, the partners expanded their collaboration to include joint servicing of larger midmarket clients.

In his summary of the transaction, Michael Zitz, Chief Sales Officer of All for One Group, explained that »it is testament to the close partnership between All for One Group and SNP. Through SNP Poland, we are delighted to gain access to resources that we urgently need to drive our growth plans in strategically key business areas. We have already successfully executed projects together and look forward to tackling many more in the future under the roof of All for One Group.«

About All for One Group SE
All for One Group SE (ISIN DE0005110001) is taking its customers' competitiveness in the digital world to the next level. The Group unites strategic and management consulting, process consulting, industry insight and technology expertise, IT consulting and services under one roof. With market leading business software solutions based on SAP, Microsoft and IBM together with more than 1,900 experts, All for One Group SE orchestrates all aspects of competitive strength: intelligent Enterprise Resource Planning (ERP) as the digital core of any future-proof corporate IT, strategy, business model, customer & employee experience, new work, big data & analytics, but also IoT, artificial intelligence or cybersecurity & compliance. All for One Group SE is assisting more than 2,500 clients with their transformation and the expansion of their ability to compete. Market observers rank the leading consulting and IT group as the number 1 in the German-speaking SAP market. As a founding member of United VARs - the most powerful global alliance of SAP Partners - All for One Group SE also provides a comprehensive portfolio of consulting and other services, together with best-in-class local support in roughly 100 countries. All for One Group SE is listed in the Prime Standard on the Frankfurt Stock Exchange and achieved sales of EUR 355 million in the financial year 2019/20.
https://www.all-for-one.com/ir-english


Contact:
All for One Group SE, Dirk Sonntag, Head of Corporate & Investor Relations, Tel. 0049 (0)711 78807-260, E-Mail dirk.sonntag@all-for-one.com


30.09.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

All for One Group SE

Rita-Maiburg-Straße 40

70794 Filderstadt-Bernhausen

Germany

Phone:

+49 (0)711 78 807-260

Fax:

+49 (0)711 78 807-222

E-mail:

dirk.sonntag@all-for-one.com

Internet:

www.all-for-one.com

ISIN:

DE0005110001

WKN:

511000

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1237214


 

End of News

DGAP News Service

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