- 23.09.2009, 13:01:42
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- OTE0002
EANS-News: Software AG / Software AG has already acquired more than 75% of IDS Scheer AG
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Darmstadt (euro adhoc) - Software AG has already acquired more than 75% of IDS
Scheer AG
• The acquisition process is on track
• An additional Offer Period of two weeks is expected to start on
September 24, 2009
• Future integration steps may include a domination agreement as basis for
joint business operations
Darmstadt, Germany, 23-09-2009: Software AG today announced that it now has
secured over 75% of the shares of IDS Scheer AG through its wholly owned
subsidiary SAG Beteiligungs GmbH after the first Offer Period. The first Offer
Period closed on Friday, September 18th and an additional Offer Period of two
weeks is expected to start on September 24, 2009. Future integration steps may
include a domination agreement as basis for joint business operations. Joint
operations will allow both companies to address the new business opportunities
that formed the rationale of the acquisition. This includes product and services
cross-selling to a significantly larger customer base, leveraging IDS Scheer´s
consulting services expertise and address larger customer projects in key
markets.
"We are extremely pleased that we may now start the preparation of aligning our
operations to gain additional business opportunities" said Software AG CEO,
Karl-Heinz Streibich. "This acquisition is focused on growth for all our
business areas and I am happy that we may now demonstrate the benefits of
joining forces to our customers, investors and employees."
Software AG, through its wholly-owned subsidiary SAG Beteiligungs GmbH,
continues to offer remaining IDS Scheer share holders EUR15 a share. An
additional offer period of two weeks will start after the final result of the
first offer period has been published.
"We are happy with the very positive response to our offer so far", said CFO
Arnd Zinnhardt. "The acquisition process is on track and we expect a further
uptake of our offer during the additional offer period. We have passed an
important milestone and look forward to realizing synergies."
Further inquiry note:
Cheryl Hawkins <[email protected]>
Senior Manager, Public Relations
Telephone +1 703-674-4115
Fax +1 703-674-4061
Norbert Eder <[email protected]>
Vice President Corporate Communications
Telephone +49 (0) 6151-92-1146
Fax +49 (0) 6151-92-1444
Ende der Mitteilung euro adhoc
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issuer: Software AG
Uhlandstr. 12
D-64297 Darmstadt
phone: +49 (0)6151 92 1899
FAX: +49 (0) 6151 92 1933
mail: [email protected]
WWW: http://www.softwareag.com
sector: Software
ISIN: DE0003304002
indexes: TecDAX, CDAX, HDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover
language: English
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