DATAGROUP AG: DATAGROUP AG becomes DATAGROUP SE
DATAGROUP AG becomes DATAGROUP SE
Pliezhausen, November 17, 2016. IT service provider DATAGROUP has completed the conversion from a German Aktiengesellschaft to a European Company, Societas Europaea (short: SE). Ten years after its IPO, DATAGROUP AG becomes DATAGROUP SE.
"With the DATAGROUP 2020 vision and our full-service offer CORBOX we have embarked on a steep growth path", comments DATAGROUP CEO Max H.-H. Schaber. "The conversion to a European Company is therefore the next logical step for us. For the larger our customers become the more they look out for an international appearance of their IT service provider. That is why the SE, as the leading European legal form, strengthens our competitive position and is a perfect fit for our growth targets." With registration in the Commercial Register on November 16, the conversion became formally effective. The basis for this was a resolution of DATAGROUP's Annual General Meeting, which unanimously agreed to the management board's respective plan in March.
DATAGROUP will continue to focus its operating business on the German market. "According to industry association BITKOM, the German market for IT services has a size of EUR 38bn and still offers massive growth potential for us. We will be able to use it even better with the new corporate form, as it will be easier to address larger customers", says DATAGROUP COO Dirk Peters. "Furthermore, we will attend to our customers' international activities from Germany in the context of a follow the customer strategy as before."
Management board and supervisory board of DATAGROUP SE will remain separated in terms of personnel. DATAGROUP SE thus continues the proven two-tier system in its leadership structure. Likewise, Pliezhausen near Stuttgart will remain the registered office.
The company also believes that the conversion will lead to a higher attractiveness of the DATAGROUP shares for institutional investors. "Already today, we have aroused considerable interest among institutional investors in the rest of Europe", explains DATAGROUP CEO Max H.-H. Schaber. "The abbreviation 'SE' will contribute to an even stronger attention to our growth story on the part of institutional investors. We will further promote the internationalisation of the investor landscape in the next few years." Since 2015, DATAGROUP has voluntarily provided all capital market- related information in English as well and has significantly intensified roadshows and participations in conferences in the rest of Europe over the past months.
About DATAGROUP: DATAGROUP is a leading German IT service company. Over 1,700 employees at locations across Germany design, implement, and operate IT infrastructure and business applications such as SAP. With CORBOX, DATAGROUP offers its customers all the IT services they need for a stable IT operation. DATAGROUP thus is a full-service provider, serving over 550,000 global IT workplaces for medium and large enterprises as well as for public-sector clients. In other words: "We manage IT." The company is growing organically and through acquisitions. The acquisition strategy is particularly noted for its optimal integration of the new companies. DATAGROUP is actively participating in the IT service market's consolidation process with its "buy and turn around" and its "buy and build" strategy.
Contact: DATAGROUP SE Dr. Michael Klein Investor Relations Wilhelm-Schickard-Str. 7 D-72124 Pliezhausen T +49-7127-970-059 F +49-7127-970-033 Michael.Klein@datagroup.de
17.11.2016 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.
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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 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 News DGAP News Service