euro adhoc: P&I Personal & Informatik AG / Mergers - Acquisitions - Takeovers / P&I takes over time management provider ZHS (E)

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Disclosure announcement transmitted by euro adhoc.
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01.04.2005

P&I Personal & Informatik AG is to take over the German-based ZHS
group (Wiesbaden) with immediate effect in 2005. The acquisition
gives HR software specialists P&I (also Wiesbaden-based), a 100 per
cent share in ZHS Verwaltungs GmbH & Co. KG (limited partnership),
which itself holds 100 per cent of ZHS Zeitmanagementsysteme Hard-
und Software GmbH & Co. KG. The ZHS group generates annual sales of
approximately two million euros.

For P&I's CEO Vasilios Triadis, the take-over is part of P&I's growth
strategy and will strengthen P&I's position in the HR software
solutions market. P&I sees time management as an area of potential
growth.

The purchase will enable P&I to upgrade its LOGA Software to a
com-plete solution for personnel work. Up to now, the software has
encom-passed payroll accounting and personnel management. Time
manage-ment as the third core component of human resources management
will complement and round off the product portfolio. This step is a
logical one for P&I in its consolidation of the subareas of personnel
work.

Further inquiry note:
Herr Andreas Granderath

end of announcement euro adhoc 01.04.2005 11:48:04
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emitter: P&I Personal & Informatik AG
Kreuzberger Ring 56
D-65205 Wiesbaden
phone: +49(0)611 7147 267
FAX: +49(0)611 7147 367
mail: [email protected]
WWW: www.pi-ag.com
ISIN: DE0006913403
indexes:
stockmarkets:
sector: Software
language: English

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