euro adhoc: Bechtle AG
Mergers - Acquisitions - Takeovers
Bechtle
acquires Swiss Gate Informatic AG (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Bechtle acquires Swiss Gate Informatic AG
Neckarsulm, 05.08.2004. Via its Swiss daughter ARP Holding AG, Bechtle has taken over a full shareholding in the Swiss Gate Informatic AG (www.gate.ch) with its head office in Bern. With revenues of 70 million CHF (approx. 45 million Euros) in 2003 and an expected slight increase for 2004, Gate is profitable with around 50 employees. As an IBM Premium Business Partner, its core competence lies in the consultance and the sale of high-end IBM computer systems and the services that go with it. The previous main shareholder, Gilbert Pfeiffer, will continue to run the company autonomously.
This acquisition will allow the Bechtle Group to considerably expand its market position in Switzerland in the up-market segment of IT- system solutions and will complement regionally the Swiss daughter Bechtle Data AG (www.bechtle-data.ch) which already operates in this sector. It was agreed not to disclose the purchase price. Contact: Rudi Schmidt, ir@bechtle.com, + 49 (0)71 32/ 981-41 11, www.bechtle.com
end of announcement euro adhoc 05.08.2004
Further inquiry note:
Rudi Schmidt
+49(0)7132 981-4111
ir@bechtle.com
Branche: Software
ISIN: DE0005158703
WKN: 515870
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade