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SNP Intends to Sell Polish Subsidiary to All for One Group

·5-min read

DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Disposal
16.12.2020 / 20:55
The issuer is solely responsible for the content of this announcement.

SNP Intends to Sell Polish Subsidiary to All for One Group

- SNP continues to focus on solutions for digital transformation processes and software-based data migrations centered around SAP

- The All for One Group aims to acquire a majority stake in the SAP services business in Poland

- The acquisition is planned for the first quarter of 2021

Heidelberg, Germany, December 16, 2020 - SNP Schneider-Neureither & Partner SE, a world-leading provider of software solutions for digital transformation processes and automated data migrations in the SAP environment, intends to sell its SAP services business in Poland to All for One Group SE. The Filderstadt-based consulting and IT group aims to acquire a majority stake in SNP Poland Sp. z o.o. The acquisition is planned for the first quarter of 2021. For the full acquisition, the parties intend to put in place a put and call option mechanism which shall apply from the end of 2023. The two companies made the announcement today.

"The sale is a further step in our development from a consulting company to a software company. As a result, we are strengthening our focus on our SAP transformation business," says Michael Eberhardt, CEO of SNP, on the sale of SNP Poland. "Both partners are focusing on their core competencies: All for One on all SAP services along the value chain and SNP on digital transformation processes and software-based data migration solutions."

All for One and SNP concluded a long-term software partnership agreement in June 2020. The aim was then and still is to enable the more than 2,500 small and medium-sized All for One customers in Germany, Austria and Switzerland to realize a software-based move to SAP S/4HANA. The planned sale in Poland will further strengthen the close partnership between All for One and SNP. The two partners are fully collaborating within the customer segment of small and medium-sized enterprises, but also in the upper medium-sized enterprise segment. "With our partner All for One, we can also ensure the ability to deliver our services, make our service capacities more flexible and extend our services to upper medium-sized enterprises," explains Michael Eberhardt.

"The clear intention is for SNP Poland to support the growth path of the All for One Group. First and foremost, with its implementation power relating to technical SAP S/4HANA conversions, which we will increasingly need for our large SAP customer base in the coming years. But also for carrying out major international projects, which are playing an increasingly important role for our group. In this international environment, SNP Poland and its 400 experts will bring both manpower and many years of experience to the table," says Lars Landwehrkamp, CEO of the All for One Group, explaining the reasons for the planned acquisition.

SNP acquired the Polish SAP consulting firm BCC in 2017. Currently, more than 400 consultants, project managers, architects and software developers 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 Poznań. All services provided in the Polish DTC will remain available to SNP customers. SNP Poland Sp. z o.o. generated revenues of EUR 21.1 million and an operating result (EBIT) of EUR 1.1 million in the 2019 fiscal year.


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 1,500 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenue of around EUR 145 million in the 2019 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) and was admitted to the SDAX(R) in March 2020. Since 2017, the company has been trading as a European company (Societas Europaea/SE).

More information is available at www.snpgroup.com

SNP contact person:
Nicole Huber
Executive Vice President Corporate Development
Tel.: +49 6221 6425-920
E-mail: nicole.huber@snpgroup.com


16.12.2020 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

Dossenheimer Landstraße 100

69121 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

Indices:

SDAX

Listed:

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

EQS News ID:

1155864


 

End of News

DGAP News Service

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