SNP Schneider-Neureither & Partner AG, DE0007203705

SNP Schneider-Neureither & Partner AG, DE0007203705

04.05.2017 - 12:53:29

SNP AG Takes Over One of the Largest SAP Partners in Central and Eastern Europe

SNP | Corporate News

SNP AG Takes Over One of the Largest SAP Partners in Central and Eastern Europe

- Revenue forecast for the 2017 fiscal year increased to about EUR 110 million

- Activities expanded to Eastern and Central European SAP and IT market

- SNP Group has passed the 1000-employee mark

Heidelberg, Germany, May 4, 2017 - SNP Schneider-Neureither & Partner AG (WKN: 720370, ISIN: DE0007203705) will acquire 100% of the shares in the Polish BCC Group, headquartered in Poznan, taking effect in May 2017. The necessary approval from the relevant bodies was granted today. BBC ranks among the largest SAP partners in Central and Eastern Europe and specializes in the areas of SAP service, software development and cloud provisioning.

The internationally focused Group has about 300 employees. That number includes over 200 SAP and IT consultants, which makes it one of the largest SAP teams in Central and Eastern Europe. The Poznan-based company has more than 20 years of market experience and generated revenue in the amount of EUR 20 million with an EBIT margin in the mid single-digit percentage range in the 2016 fiscal year. The exact purchase price is being treated as confidential by both parties. SNP AG will use existing liquid funds to finance the acquisition.

"BCC is an ideally positioned company and one of the largest SAP partners in Central and Eastern Europe. With over 400 customers in 40 countries, BCC has an impressive customer list and a lot of international project experience. We are expanding our knowledge in the areas of SAP service and cloud provisioning with this acquisition. For this purpose, BCC is maintaining two of its own data processing centers. In addition, we are increasing our presence in the Polish and Eastern European SAP and IT market. Further synergy potential is offered by software development focused on software applications in the SAP environment in particular. With this acquisition, we are continuing to pursue our successful strategy of organic and inorganic growth. SNP is well on its way with more than a thousand employees worldwide," said Dr. Andreas Schneider-Neureither.

With this purchase, the Executive Board has adjusted the SNP Group revenue forecast and expects Group revenue of about EUR 110 million for the current 2017 fiscal year. The earnings forecast remains unchanged.

About SNP

SNP enables companies to successfully navigate the rapidly changing digital environment and seize their opportunities on the market with a highly flexible IT infrastructure. The solutions and software from SNP provide support for M&A projects and carve-outs, allow for the integration of previously divergent IT landscapes and promote expansion into new markets outside of the domestic space. With SNP Transformation Backbone(R), the company offers the world's first standardized software for automatically assessing and implementing changes to IT systems. This provides customers with clear qualitative advantages while notably reducing the time and expense involved in transformation projects.

SNP AG employs over 1,000 people across Europe, South Africa, Asia and the United States. Headquartered in Heidelberg, the company generated revenue of approximately EUR 81 million in 2016. Its customers include globally operating corporations in the industrial, financial and service sectors. SNP AG was founded in 1994 and has been publicly traded since 2000. As of August 2014, the company is listed on the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705).

Further information is available at www.snp-ag.com

Investor Relations Contact:

Marcel Wiskow Tel.: +49 6221 6425-637 Fax: +49 6221 6425-470 Email: investor.relations@snp-ag.com http://www.snp-ag.com/de/Investor-Relations/

04.05.2017 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. Archive at www.dgap.de

Language: English

Company: SNP Schneider-Neureither & Partner AG Dossenheimer Landstraße 100 69121 Heidelberg

Germany Phone: +49 6221 6425 637 Fax: +49 6221 6425 470 E-mail: investor.relations@snp-ag.com Internet: www.snp-ag.com ISIN: DE0007203705 WKN: 720370 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

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