TRIA IT-solutions AG
TRIA IT-solutions AG: TRIA IT-solutions AG acquires Spanish IT service provider
TRIA IT-solutions AG / Acquisition Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TRIA expects the purchase to roughly triple its turnover (Munich, Germany, 15 May 2009) - TRIA IT-solutions AG has acquired the Spanish company SHS Polar Sistemas Informáticos S.L., Madrid from SHS VIVEON AG, Munich for the token sales price of EUR 5,000. The two parties to the contract have today signed a notary-certified contract of sale and assignment concerning the transfer of all shares to SHS Deutschland GmbH. SHS Deutschland GmbH is a wholly owned subsidiary of SHS VIVEON AG and holds all the shares in SHS Polar Sistemas Informáticos S. L., Madrid. SHS VIVEON AG's loan to SHS Polar for approximately EUR 3 million remains in effect and is to be repaid in instalments and in full by no later than 31 December 2012, including all interest. In the event that EUR 2 million has been repaid before the loan's maturity, the parties have agreed to waive the remainder of the loan sum. In the annual financial statements for the period ended 31 December 2008, SHS Polar Sistemas Informáticos S. L., Madrid reported equity of EUR 1.7 million. Sales totalled EUR 22.3 million for financial year 2008. A significant decline in the Spanish concern's sales is forecast for financial year 2009. However, the acquisition will more than triple the TRIA Group's annual turnover. The acquired company will be consolidated for the first time as of 31 May 2009. Measurement of the investment will take account of hidden reserves and charges. Based on the information currently available, the Company expects application of accounting standard IFRS 3 to have a positive effect on earnings. The scope of the standard's effect will be determined by the interim financial statements for the period ended 30 June 2009. This transaction marks the starting point of TRIA's expansion strategy. Additional expansions are being planned with the support of important core investors. In the Professional Services segment, SHS Polar's primary customer is Telefónica. In the area of Solution Development for Standard Products, its customers include some noteworthy key accounts from the financial services sector. Envisioned is a close partnership between TRIA IT-solutions AG and SHS VIVEON AG, particularly for the marketing of product and service portfolios in the areas of customer risk management and customer value management in Spain. Microsoft is an important technology partner for SHS Polar as well as TRIA. Both companies' areas of activity complement each other and round out the palette of services they offer. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Additional information on TRIA IT-solutions AG: TRIA IT-solutions AG offers large and medium-sized companies the complete chain of IT solutions from tools and skills to successful networking of information workers. TRIA has made it its task to sustainably optimise employee communication and business processes within modular IT projects. With the business unit IT-consulting, TRIA IT-solutions AG offers comprehensive, customer-oriented IT solutions from one source. The range of offerings includes the provision of qualified, results-oriented professional services, the development of quickly-implementable and easily-administered solutions and the efficient modernisation of IT in modular, results-oriented projects. In cooperation with its training partner, TRIA additionally covers the long-term qualification of employees in modern training centres or by means of in-house training. Based on recognised and established industry standards, especially in the area of Microsoft technology, TRIA creates future-proof, integrated solutions with optimal benefit for its customers. TRIA has positioned itself as a leading partner in the Microsoft environment and acts as a partner to many other well-known companies. TRIA was founded in 1996 and has seven locations throughout Germany. Additional information at www.tria.de Additional information on SHS VIVEON AG: SHS VIVEON AG is a pan-European business and IT consulting firm for customer management solutions, with a range of products specializing in customer risk management. SHS VIVEON AG, based in Martinsried (by Munich), is listed in Frankfurt Stock Exchange's Prime Standard and has a presence in three European countries with two subsidiaries and six locations: SHS VIVEON GmbH (D) and SHS VIVEON Schweiz AG (CH). SHS VIVEON is one of Europe's leading providers for customer management with around 250 employees and in excess of 150 customers in 15 countries, of which 30% are included in Fortune 500 International. SHS VIVEON's customers include well-known companies from the financial services, industrial and retail and telecommunications segments, including BayWa, BMW Financial Services, Credit Suisse, Daimler, Deutsche Telekom, Ingram Micro, RaabKarcher, Telefonica o2, Orange and SüdLeasing. Further information on the company can be found at: www.The-Customer-Management-Company.com 15.05.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: TRIA IT-solutions AG Joseph-Wild-Straße 20 81829 München Deutschland Phone: +49 (0)89 929 07-0 Fax: +49 (0)89 929 07-100 E-mail: aktie@tria.de Internet: www.tria.de ISIN: DE000A0XYL53 WKN: A0XYL5 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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