DGAP-News

All for One Steeb AG to Acquire inside Unternehmensberatung GmbH and Enlarge its HR Digital Transformation Portfolio

DGAP-News: All for One Steeb AG / Key word(s): Takeover/Strategic Company Decision All for One Steeb AG to Acquire inside Unternehmensberatung GmbH and Enlarge its HR Digital Transformation Portfolio 31.03.2017 / 06:48 The issuer is solely responsible for the content of this announcement. All for One Steeb AG to Acquire inside Unternehmensberatung GmbH and Enlarge its HR Digital Transformation Portfolio

Full range of SAP Cloud services for HR department business processes / Acquisition of all the shareholdings of inside / All for One Steeb subsidiary KWP team HR and inside to be merged / Will become the go-to partner for human resources digital transformation / Aiming to take the number 1 position in the SAP HR market in Germany, Austria and Switzerland

Filderstadt, 31 March 2017 - All for One Steeb AG, the number 1 in the German-speaking SAP market and a leading IT service provider, intends to use its subsidiary KWP team HR GmbH, Heilbronn, to provide businesses with comprehensive support in digitising all their human resource related activities. The goal is not only to lessen the daunting administrative workload of human resource departments within mostly small to mid-sized enterprises by providing full-service HR solutions from the cloud that are advanced, fast and easy to use, but to also more efficiently help them accomplish such strategic human resource missions as recruiting, developing the workforce, and managing knowledge and talent. Support like this will enable any personnel department to better fulfil its critical role in structuring and organising digital transformation.

All for One Steeb will bolster its KWP subsidiary by acquiring all the shareholdings of inside Unternehmensberatung GmbH, Oldenburg, effective 1 April 2017. Like KWP, inside, which was founded in 1989, specialises in end-to-end SAP human capital management services and has completed more than 400 customer projects to date. The firm employs 40 people, operates primarily in Germany and generates sales of some EUR 8 million. About one third of this figure is already attributable to a significantly growing amount of recurring cloud-based revenues from software as a service (SaaS) and software maintenance, which ensures a high degree of customer loyalty, a stable cash flow and robust profitability. In addition to a one-time payment, the total purchase price for acquiring all the shareholdings of inside includes a performance-based component at the end of a three-year earnout phase. The transaction will be funded using the company's own capital resources.