DGAP-Adhoc: DATAGROUP AG: DATAGROUP takes over SAP and application management services from Hewlett Packard Enterprise (HPE) in Germany

DATAGROUP AG  / Key word(s): Mergers & Acquisitions

14.07.2016 06:59

Disclosure of an inside information according to Article 17 MAR,
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The issuer is solely responsible for the content of this announcement.

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DATAGROUP takes over SAP and application management services from Hewlett
Packard Enterprise (HPE) in Germany

Pliezhausen, July 14, 2016. DATAGROUP AG (WKN A0JC8S) takes over some 330
SAP and application management experts from Hewlett Packard Enterprise
(HPE) in Germany and will provide defined IT services for HPE. The company
secures for itself a guaranteed sales volume in the triple-digit millions
over at least five years.

DATAGROUP has been in exclusive negotiations with HPE since March 2016. Now
the negotiation partners have signed the agreement. With this takeover,
DATAGROUP strengthens CORBOX' strategic core business segments, SAP and
application management, and benefits from a guaranteed purchase commitment
over five years and four months on the part of HPE. The partners have also
agreed on an extension option for another twenty months. This guarantees
the utilisation of the new employees from day one. Over the contract term,
the purchase volumes will decrease by 10% to 3.5% per year according to
plan. DATAGROUP plans to leverage the resources that will gradually become
available for sustainable organic growth in its core segment on a long-term
basis. DATAGROUP and HPE also intend to gain further customers in the
context of a joint market presence. The conclusion of the contract is
subject to the condition that at least 70% of the IT specialists agree to
the transfer of undertakings from HPE to DATAGROUP.

DATAGROUP has a long track record in acquiring companies and company
divisions. Since its IPO in 2006, the IT service provider has completed 17
acquisitions, also within the intended scope.

DATAGROUP AG invites all interested investors, analysts, and journalists to
participate in a conference call with CEO Max H.-H. Schaber. The conference
call is scheduled for July 18, 2016 at 2.00 pm CET. The dial-in number is:
+49 30 232531469.


Contact:
DATAGROUP AG  
Claudia Erning
Investor Relations
T +49 160 96 89 81 71 
claudia.erning@datagroup.de 


14.07.2016 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:      DATAGROUP AG
              Wilhelm-Schickard-Str. 7
              72124 Pliezhausen
              Germany
Phone:        +49 (0)7127 970 000
Fax:          +49 (0)7127 970 033
E-mail:       
Internet:     www.datagroup.de
ISIN:         DE000A0JC8S7
WKN:          A0JC8S
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
              Stuttgart, Tradegate Exchange; Open Market (Entry Standard)
              in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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