DGAP-News: CENIT AG / Key word(s): Investment
CENIT AG acquires majority stake in Coristo GmbH

02.11.2015 / 09:08

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CENIT AG acquires majority stake in Coristo GmbH
CENIT AG Drives Digital Transformation

Stuttgart, November 2nd, 2015 - CENIT Aktiengesellschaft has acquired a
majority stake in Coristo GmbH, the leading consulting enterprise for SAP
product structure management. In this way, CENIT is expanding its
competency and solution portfolio for end-to-end SAP ERP/PLM solutions and
strengthening its position as a reliable partner to the manufacturing
industry for digital transformation in the Industry 4.0 context.

For decades, CENIT has been a strong provider of practical uses of
enterprise software in optimizing business processes. Delivering innovative
solutions to sharpen the competitive edge - for over 25 years, this has
been the mission of CENIT's business model. As partner of Dassault
Systèmes, IBM and SAP, CENIT supports clients in implementing digital
transformation strategies by providing process and organizational
consulting, IT strategy planning, system integration and international
rollouts, and operating entire infrastructures. CENIT's success is based on
a combination of sector knowledge, process understanding, deep technology
knowhow and extensive practical experience gained in a wide range of
projects.

Coristo GmbH has established itself on the market on the strength of its
unique competency in the SAP PLM sphere. The Coristo team relies on modern
SAP standard software to implement complex requirements in the field of
product structure, variant and change management and supports end-to-end
business processes along the entire value chain. With their long-standing
success record in working with auto makers, suppliers, machine and plant
manufacturers and medical technology providers, the Coristo consultants can
rapidly separate attainable targets from theoretical daydreams,
implementing successful solutions that quickly prove their worth on the
ground.

SAP business software is frequently a core component of digital
transformation processes within enterprises and plays a major role in
implementing Industry 4.0 strategies. Effective immediately, CENIT is also
the partner of choice for all matters related to another central
consideration of Industry 4.0: The aspect of product structuring. We offer
end-to-end modularization concepts for all facets from CAD methodology to
functional modeling, application within the logistics chain and spare parts
lists for predictive maintenance. The CENIT portfolio thus extends all the
way from the early phases of strategy planning to professional operation of
the implemented solution.

"In the coming years, digital transformation and mega-topics like Industry
4.0 will be core issues for many of our clients. The 4th industrial
revolution holds enormous opportunities - but the challenges for the IT
industry are equally enormous. For this reason, CENIT will continue to
expand its competency and portfolio to become an even more high-performing
partner to our customers. The expertise and portfolio of the Coristo team
are an ideal complement to those of CENIT, and enterprise values and
culture are likewise a perfect match. We are pleased to be able to
strengthen our team with these experts", says CENIT CEO Kurt Bengel.

"CENIT offers us the ideal framework for continued growth and
implementation of large-scale projects. As a small, highly specialized
company, collaboration with CENIT gives us the means for keeping up with
growing demand. Working with the CENIT team offers us the perfect
conditions for becoming even more successful", say Beate Koch and Oliver
Loose, directors and founders of Coristo GmbH.

For further information, please visit www.cenit.com/sap.

Characters inc. spaces: approx. 3600 / 515 words

Press Contact
CENIT AG
Uta Keilhauer
Communications Manager
Industriestraße 52-54
70565 Stuttgart, Germany
Tel.: +49 711 7825-3268
Fax: +49 711 782544-4220
Email: u.keilhauer@cenit.de 

CENIT
For over 25 years, CENIT has been successfully active as a leading
consulting and software specialist for optimizing business processes in the
Digital Factory, Product Lifecycle Management (PLM), SAP Solutions,
Enterprise Information Management (EIM), Business Intelligence (BI) and
Application Management Services (AMS) fields. CENIT complements standard
solutions by strategic partners such as Dassault Systèmes, SAP and IBM by
providing well-established own software solutions. These include the
FASTSUITE product family for software solutions in the Digital Factory
field, cenitCONNECT for SAP PLM-related processes, cenitSPIN as a
high-performance PLM Desktop, as well as CENIT ECLISO for efficient
information management. The enterprise is represented at 17 locations in
six countries and employs around 700 staff worldwide. CENIT's employees
support customers primarily from the automotive, aerospace, mechanical
engineering, tooling and molding, financial services, commercial and
consumer goods industries. www.cenit.com



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02.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                    
Company:     CENIT AG                                                   
             Industriestraße 52 - 54                                    
             70565 Stuttgart                                            
             Germany                                                    
Phone:       +49 (0)711 78 25 - 30                                      
Fax:         +49 (0)711 78 25 - 4000                                    
E-mail:      aktie@cenit.de                                             
Internet:    www.cenit.com                                              
ISIN:        DE0005407100                                               
WKN:         540710                                                     
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated  
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
             Stuttgart                                                  
 
 
End of News    DGAP News Service  
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