DGAP-News SNP Expands Portfolio by Acquiring Software Specialist EXA AG - Seite 2
"This step heralds the next stage of EXA's development. Together with SNP, we can open up important markets even faster and are looking forward to the future collaboration. Here, we are also focusing on continuity with regard to our close collaboration with SAP," explains Divya Vir Rastogi. The remaining 25.1% will remain with a company owned by him.
From the strategic expansion of its portfolio SNP expects to generate strong synergies in the areas of Go-to-Market and product development which will have a positive impact on earnings of the group.
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.
The SNP Group has around 1,500 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated preliminary revenues of around EUR 143 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705) and was admitted to the SDAX(R) in March 2020. Since 2017, the company has been trading as a European company (Societas Europaea/SE).
More information is available at www.snpgroup.com
Executive Vice President Corporate Development
Phone: +49 6221 6425-920
25.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.