EANS-News: P&I Personal & Informatik AG
Competence expanded
27.02.2012 – 15:33
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers Subtitle: P&I Personal & Informatik AG in Zurich is taking over the shares of Mirus Software AG in Davos as of March 1st, 2012. Mirus is a market leader in HR- business in the hotel, catering and tourism industry. In the future, both companies will offer an expanded product portfolio in Switzerland and the European countries. Wiesbaden / Davos (euro adhoc) - As of March 1st, 2012, P&I Personal & Informatik AG is taking over the shares of Mirus Software AG, which is a market leader for back office software in the hotel, catering and tourism industry in Switzerland. P&I AG will gain strength locally and attain a stronger position in the Swiss market as a result of the amalgamation. Mirus Software AG will be able to benefit from the know-how of P&I. Furthermore, new distribution channels for its products in the hotel sector will open up for Mirus Software AG in other European countries. P&I AG, which is domiciled in Horgen (ZE) and Carouge Acacias (GE) in Switzerland, is the leading provider of integrated software solutions for human resources management. The company was founded in 1968 and today it maintains a Europe-wide presence at 13 locations. Most recently, the P&I Group achieved a turnover of 69.1 million Euros and employed almost 400 people. Vasilios Triadis, CEO of P&I AG, explains: "High standards are placed on the quality of goods in the HR market in Switzerland. P&I aims to be the best solution provider in that area. The objective we are pursuing with the re-positioned Swiss P&I organisation and the acquisition of Mirus Software AG is for Swiss SME sector companies to perceive us as a genuine alternative to existing providers." In addition, we plan to be able to offer an even more comprehensive product portfolio in Switzerland as well as in European countries. Paul Petzold, managing director and administrative board member of Mirus Software AG explains: "Our company is joining forces with a strong, internationally oriented partner. That will enable us to further expand the strong position of our company in the long term." Furthermore: "For Mirus Software AG, joining forces with P&I AG is an important step for safeguarding the future of the company. With regard to an optimal successor solution, for us there was only one conceivable option for a partner that can continue to grow together with Mirus and that cultivates a similar culture to ours." In the future Mirus Software AG will retain its name and will remain at its headquarters in Davos. The present employees will stay at the company. The founders Paul Petzold and Oliver Hunziker will continue to fulfil their responsibilities as managing director and CTO. They will also continue to serve as members of the administrative board, which will be chaired by Paul Petzold as in the past. Further inquiry note: Andreas Granderath +49 (0)611 7147-267 agranderath@pi-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: P&I Personal & Informatik AG Kreuzberger Ring 56 D-65205 Wiesbaden phone: +49(0)611 7147 267 FAX: +49(0)611 7147 367 mail: aktie@pi-ag.com WWW: www.pi-ag.com sector: Software ISIN: DE0006913403 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English