Disclosure of an inside information according to Article 17 MAR
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.
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