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SNP Completes Sale of Polish Subsidiary to All for One Group

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DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Disposal
30.09.2021 / 14:00
The issuer is solely responsible for the content of this announcement.

Corporate News

SNP Completes Sale of Polish Subsidiary to All for One Group

- All for One Group acquires a majority stake in the SAP services business in Poland

- SNP continues to focus on digital transformation processes and software-based data migrations in the SAP environment

- Full transition planned from the year 2023

Heidelberg, September 30, 2021 - SNP SE, a world-leading provider of solutions for digital transformation processes and software-based data migrations, has sold its SAP services business in Poland to All for One Group SE. The consulting and IT group will acquire 51% of SNP Poland Sp. z o.o. with economic effect from October 1, 2021. For the full acquisition, both parties have agreed on a mutual call or put option for 2023; if this option is not exercised, the transfer will take place in 2024. Neither company has provided details of the selling price.

SNP acquired the Polish company in 2017. Currently, more than 400 consultants, project managers, software architects and software engineers work at SNP Poland Sp. z o.o. Its range of services includes the implementation, development and maintenance of SAP systems as well as IT security and software development. In addition, SNP Poland also operates one of the two global Digital Transformation Centers (DTC) near Poznan. All services provided at the Polish DTC will continue to be available to SNP customers. In the first half of 2021, SNP Poland Sp. z o.o. generated revenues of around EUR 13 million and an operating result (EBIT) of EUR 1.0 million.

"With the sale, we are strengthening our focus on our SAP transformation business," says Michael Eberhardt, CEO of SNP. "We have had a close business relationship with All for One for many years. Therefore, we are convinced that we have found the right strategic partner for our business in Poland."

A large number of joint projects and a current success story are proof of the successful collaboration to date. In addition, the sales pipeline for the Conversion/4 subscription model based on the SNP Bluefield approach for moving All for One customers to SAP S/4HANA is continuing to develop well. The sale will further strengthen the regional platinum partnership between All for One and SNP.

About SNP

SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.

The SNP Group has around 1,600 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenue of around EUR 144 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company (Societas Europaea/SE).

More information is available at www.snpgroup.com

Contact person at SNP:
Marcel Wiskow
Director Investor Relations
Tel.: +49 6221 6425-637
E-mail: marcel.wiskow@snpgroup.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:

SNP Schneider-Neureither & Partner SE

Speyerer Str. 4

69115 Heidelberg

Germany

Phone:

+49 6221 6425 637, +49 6221 6425 172

Fax:

+49 6221 6425 20

E-mail:

investor.relations@snpgroup.com

Internet:

www.snpgroup.com

ISIN:

DE0007203705

WKN:

720370

Listed:

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

EQS News ID:

1237155


 

End of News

DGAP News Service

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