DGAP-Ad hoc: Allgeier SE

DGAP-Adhoc: ALLGEIER SE: Allgeier divests terna subsidiary

ALLGEIER SE / Key word(s): Disposal

23.12.2015 18:27

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Munich, December 23, 2015 - As part of a management buyout, Allgeier SE (ISIN DE0005086300, WKN 508630) has today reached agreement with AE BG Rho Holding GmbH concerning the sale of Austrian company terna Holding GmbH along with its subsidiaries terna GmbH - Zentrum für Business Software, which is based in Innsbruck (Austria), and terna Switzerland AG, which is based in in Root (Switzerland), and has concluded a corresponding acquisition agreement. The transaction will be concluded prospectively before December 31, 2015.

The core business of terna comprises providing management consultancy services to manufacturing and wholesale/retail companies relating to the analysis and optimisation of business processes, sales, and the implementation and maintenance of business software, especially leading ERP (Enterprise Resource Planning) software. AE BG Rho Holding GmbH is backed up by terna's management team of many years' standing, and by the company's financing partners. The purchase price, which will lie within the normal market valuation range for the type of business being sold, will be paid predominantly in cash when the transaction is executed. A double-digit amount in millions of euros will accrue to Allgeier from the transaction; a smaller amount comprising a vendor loan will be granted. An earnout has not been agreed.

As part of lending the Allgeier Group's business a greater focus on the development and production of software solutions and the rendering of IT services for customers in the Enterprise area and top-tier medium-sized companies, Allgeier has decided to leave terna as an independent corporate group, and divest it. Both parties are convinced that a continuation of the successful business trends by the management offers the optimal environment for further development and growth of the business. Both Allgeier and terna are open to a future cooperation in the area of ERP and CRM software for medium-sized companies.

Contact:

Allgeier SE Corporate Communications & Investor Relations Dr. Christopher Grosse Wehrlestrasse 12 81679 Munich Tel.: +49 (0)89/998421-0 Fax: +49 (0)89/998421-11 Email: ir@allgeier.com Web: www.allgeier.com

Allgeier SE is one of the leading IT companies for Business Performance today: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model. Operating divisions, each with their individual specialist or sector-related focal points, work together for more than 3,000 customers from almost all sectors. With a highly flexible delivery model, Allgeier covers the full range of IT services, from on-site and nearshore through to offshore: A strong presence in India ensures flexibility and maximum scalability of the services, supplemented by highly qualified expertise in high-end software development. With more than 6,000 salaried employees and around 1,400 freelance IT experts, Allgeier, as a one-stop shop, offers customers a comprehensive portfolio of solutions and services. Allgeier's customers include globally operating groups as well as innovative medium-sized operations that wish to secure strategic advantages through high-performing IT solutions, intelligent software and flexible personnel services. This high-growth company, which is based in Munich, Germany, operates 100 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Singapore, Mexico and the USA. In 2014 Allgeier generated EUR 428 million of revenue (continued operations), according to preliminary figures. Allgeier SE was ranked first in the Lünendonk(R) List 2015 of "Leading German medium-sized IT consulting and system integration companies". The Allgeier Experts division ranks among the top three IT personnel service-providers in Germany according to the Lünendonk(R) 2015 market segment study "The market for recruiting, mediating and managing IT freelancers in Germany". The company is listed on the regular market of the Frankfurt Stock Exchange in the General Standard segment (WKN 508630/ISIN DE0005086300). Further information is available on the company's website at: www.allgeier.com.

23.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: ALLGEIER SE Wehrlestraße 12 81679 München Germany Phone: +49 (0) 89 - 99 84 21 0 Fax: E-mail: info@allgeier.com Internet: http://www.allgeier.com ISIN: DE0005086300 WKN: 508630 Indices: CDAX Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------