DGAP-Adhoc

SNP AG: Global Market Leaders in the Chemical Industry Commissions SNP with Key IT Project for Merger

SNP Schneider-Neureither & Partner AG / Key word(s): Incoming Orders/Contract

23.09.2016 17:53

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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SNP | Insider Information Pursuant to Article 17 MAR

SNP AG: Global Market Leaders in the Chemical Industry Commissions SNP with
Key IT Project for Merger

Heidelberg, September 23, 2016 - SNP Schneider-Neureither & Partner AG has
been commissioned to combine the SAP system landscapes of two of the
world's most significant US-based chemical companies, which are currently
in the process of merging. The order comes to more than USD 10 million.

For the implementation of this transformation project, SNP is calling on
the expertise it has gathered in the US over the last few years, some of
which was obtained through acquisitions, and some of which was developed
organically. In winning this tender, SNP came out on top against strong
international competition and impressed right from the project preparation
phase with its strong software-supported analytical method, which enables
optimum project planning and minimizes project risk.

Dr. Andreas Schneider-Neureither, CEO and principal stockholder of SNP,
said, "This strategically significant contract clearly reiterates the fact
that SNP has now become one of the first choices for transformations
worldwide when it comes to complex IT questions. This also confirms that
our strong growth internationally is set to continue."

About SNP

SNP enables companies to successfully navigate the rapidly changing digital
environment and seize their opportunities on the market with a highly
flexible IT infrastructure. The solutions and software from SNP provide
support for M&A projects and carve outs, allow for the integration of
previously divergent IT landscapes and promote expansion into new markets
outside of the domestic space. With SNP Transformation Backbone(R), the
company offers the world's first standardized software for automatically
assessing and implementing changes to IT systems. This provides customers
with clear qualitative advantages while notably reducing the time and
expense involved in transformation projects.

SNP AG employs about 650 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue
of approximately EUR 56 million in 2015. Its customers include globally
operating corporations in the industrial, financial and service sectors.
SNP AG was founded in 1994 and has been publicly traded since 2000. As of
August 2014, the company is listed on the Prime Standard segment of the
Frankfurt Stock Exchange (ISIN DE0007203705).

Further information is available at www.snp-ag.com

Investor Relations Contact:

Marcel Wiskow
Tel.: [phone]
Fax: [phone]
Email: [e-mail]
http://www.snp-ag.com/de/Investor-Relations/


23.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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