DGAP-News
Software AG: THE SCHEER GROUP ACQUIRES IDS SCHEER CONSULTING - SOFTWARE AG'S SAP-BASED BUSINESS IN THE GERMAN SPEAKING REGION (DACH)
DGAP-News: Software AG / Key word(s): Mergers & Acquisitions/Disposal
Software AG: THE SCHEER GROUP ACQUIRES IDS SCHEER CONSULTING -
SOFTWARE AG'S SAP-BASED BUSINESS IN THE GERMAN SPEAKING REGION (DACH)
01.04.2014 / 09:00
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THE SCHEER GROUP ACQUIRES IDS SCHEER CONSULTING - SOFTWARE AG'S SAP-BASED
BUSINESS IN THE GERMAN SPEAKING REGION (DACH)
- The Scheer Group continues its growth course and reinforces its
industry and SAP Consulting expertise
- The Scheer Group and Software AG also announce a strategic partnership
to strengthen Germany as a location for the IT industry
- This transaction completes the consolidation measures of Software AG's
SAP Consulting Business
Saarbrucken / Darmstadt, Germany, 1 April 2014 - The Scheer Group GmbH, a
network of high-growth IT software and consulting companies, and Software
AG (FRA: SOW) yesterday signed an agreement whereby IDS Scheer Consulting
GmbH, Software AG's SAP consulting business in the German-speaking DACH
region (Germany, Austria, Switzerland), will be acquired by the Scheer
Group GmbH. With this acquisition, the Scheer Group expands its consulting
expertise within the Group, particularly with regard to customers and
markets in the SAP environment. Due to the focus of Software AG on product
innovation, the SAP consulting business of the company was reduced in three
steps. With the sale of the SAP business in the German-speaking region,
Software AG has completed the consolidation of its SAP services activities.
IDS Scheer Consulting GmbH will be fully transferred, including the
trademark rights, to the Scheer Group. Further details and the sale price
have not been disclosed. The deal is subject to approval by the merger
authorities.
The Scheer Group network of companies grew by 50 percent in 2013 and has
set itself a sales target of EUR100 million by 2017. The group has
extensive experience in the consulting business and the successful market
development in this segment has been a significant growth driver in recent
years. Therefore, IDS Scheer Consulting GmbH, as the seventh member company
of the Scheer Group, fits perfectly into the group's overall portfolio. In
the further development of the market, the Scheer Group will benefit, not
least, from the acquired expertise in the area of Managed Services and the
industry expertise in the areas of Manufacturing, Consumer Goods/Retail,
Utilities and Public Services. In the context of the purchase of IDS Scheer
Consulting, the Scheer Group and Software AG have also agreed to a
strategic partnership to jointly strengthen Germany as an IT industry
THE SCHEER GROUP ACQUIRES IDS SCHEER CONSULTING - SOFTWARE AG'S SAP-BASED
BUSINESS IN THE GERMAN SPEAKING REGION (DACH)
- The Scheer Group continues its growth course and reinforces its
industry and SAP Consulting expertise
- The Scheer Group and Software AG also announce a strategic partnership
to strengthen Germany as a location for the IT industry
- This transaction completes the consolidation measures of Software AG's
SAP Consulting Business
Saarbrucken / Darmstadt, Germany, 1 April 2014 - The Scheer Group GmbH, a
network of high-growth IT software and consulting companies, and Software
AG (FRA: SOW) yesterday signed an agreement whereby IDS Scheer Consulting
GmbH, Software AG's SAP consulting business in the German-speaking DACH
region (Germany, Austria, Switzerland), will be acquired by the Scheer
Group GmbH. With this acquisition, the Scheer Group expands its consulting
expertise within the Group, particularly with regard to customers and
markets in the SAP environment. Due to the focus of Software AG on product
innovation, the SAP consulting business of the company was reduced in three
steps. With the sale of the SAP business in the German-speaking region,
Software AG has completed the consolidation of its SAP services activities.
IDS Scheer Consulting GmbH will be fully transferred, including the
trademark rights, to the Scheer Group. Further details and the sale price
have not been disclosed. The deal is subject to approval by the merger
authorities.
The Scheer Group network of companies grew by 50 percent in 2013 and has
set itself a sales target of EUR100 million by 2017. The group has
extensive experience in the consulting business and the successful market
development in this segment has been a significant growth driver in recent
years. Therefore, IDS Scheer Consulting GmbH, as the seventh member company
of the Scheer Group, fits perfectly into the group's overall portfolio. In
the further development of the market, the Scheer Group will benefit, not
least, from the acquired expertise in the area of Managed Services and the
industry expertise in the areas of Manufacturing, Consumer Goods/Retail,
Utilities and Public Services. In the context of the purchase of IDS Scheer
Consulting, the Scheer Group and Software AG have also agreed to a
strategic partnership to jointly strengthen Germany as an IT industry
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