SER Systems AG
Ad hoc-Service: SER Systems AG english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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SER Systems AG Strengthens Its Focus on Knowledge Management – Restructuring of
SER UK
Neustadt/Wied, Germany, March 28th, 2001 – SER Systems AG announces that in line
with its focus on its core competence of Knowledge Management, it is now
divesting its GIS activity in the United Kingdom, effective 1st January 2001.
GIS is a leading supplier of critical resources management applications to the
emergency services market. The GIS activity is being acquired by its management
team, led by Ian Williamson, previously Managing Director of SER Systems Ltd.,
and is renamed blue 8 technologies.
Peter Prince, Managing Director of Portal Connect Ltd., now manages all SER
subsidaries in the UK. He will merge the three single SER subsidiaries in the UK
to one company, SER Solutions UK Ltd., during 2001. From the UK he will grow
the business throughout Europe, Middle East and Asia Pacifc following the SER s
strategy to focus on broadening its sales and support channel. April will see
two new SER subsidiaries located in Singapore and Sydney. Bob Davies as local
Managing Director will support Peter Prince. Bob Davies has extensive experience
over the last 15 years in the Asia Pacific area.
The GIS business was planned to generate 5 million EUR during 2001. According to
the divestment of GIS SER now is reducing its plan figures for fiscal year 2001
sales to 235 million EUR from 240 million EUR. The projected operating profit
(EBIT) of 24 million EUR has not been changed.
Your contact to SER Systems AG:
Tel. +49 (0) 26 83-9 84-3 61, eMail: ir@ser.de, Internet: www.ser.com
end of ad hoc announcement, (c) DGAP 28.03.2001
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WKN: 724190; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart; London
280807 Mär 01
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