DGAP-News: SNP Acquires SAP Data Specialist Datavard
"With this acquisition, we are expanding our software portfolio to include Datavard's solutions in the areas of SAP data management and analytics.
DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Takeover/Capital Increase SNP Acquires SAP Data Specialist Datavard 28.07.2021 / 11:45 The issuer is solely responsible for the content of this announcement. SNP Acquires SAP Data Specialist Datavard The acquisition of Datavard AG plays an important role in the implementation of SNP's platform strategy, which allows companies to generate maximum value from their data transformation using just one software solution. Gregor Stöckler, co-founder and CEO of Datavard AG, will join the Board of Managing Directors of SNP SE as the new Chief Operating Officer (COO). He will be responsible for the sales regions USA and UK-Ireland as well as globally for analytics, platform strategy, technology partners and partner marketing. "With this acquisition, we are expanding our software portfolio to include Datavard's solutions in the areas of SAP data management and analytics. In both the software and the consulting business, the two portfolios complement each other perfectly. Until now, SNP and Datavard have acted as competitors and partners in the market; in the future, we will use the newly gained strength from the merger of both companies to serve our customers and partners even more comprehensively," says Michael Eberhardt, CEO of SNP SE. Datavard has been active in the market for over 20 years and focuses on transformations and data management in SAP landscapes. In the area of transformation, Datavard supports companies in migrating to SAP S/4HANA, modernizing their analytics and data warehouse landscape, and carrying out mergers and acquisitions, carve-outs, and company splits. In the area of data management, Datavard offers solutions for data lifecycle management, business intelligence and analytics, and innovative cloud connectivity solutions that enable SAP customers to integrate and utilize SAP data in applications for artificial intelligence, machine learning and the Internet of things. Over 50 of the Global Fortune 500 and numerous DAX 30 companies are Datavard customers. In addition, the company has an outstanding partner network consisting of national and international players such as Accenture, AppDynamics, Google, Microsoft, SAP and more. "We are very pleased to now be a part of the market leader for data transformation software solutions in the SAP world," says Gregor Stöckler, founder and CEO of Datavard AG. "It opens up many new opportunities for our employees, customers and partners. SNP and Datavard have known and appreciated each other for many years as competitors and as partners. In addition, we are successfully collaborating in the "SAP S/4HANA Selective Data Transition Engagement" working group. Together, we will be able to support our customers and partners in their digital transformations even better." In addition to its headquarters in Heidelberg, Datavard has two large locations in Slovakia and a strong location in Switzerland. Furthermore, Datavard is also represented in the USA. "We are looking forward to welcoming the new employees, who will strengthen and expand our core business," says Prof. Dr. Heiner Diefenbach, CFO of SNP SE. Financing As consideration for the acquisition of all shares in Datavard AG, a cash component of around EUR 20 million and the issue of 173,333 new shares from a capital increase through contributions in kind are planned. An independent valuation has confirmed the appropriateness of the total purchase price. Taking into account Datavard's double-digit growth expectations for the current year, the purchase price represents 15 times Datavard's currently expected operating profit for 2021. The new shares will be issued indirectly to Gregor Stöckler and two additional shareholders of Datavard AG, and all three will remain with the company after the transaction. The shares issued will be subject to a 36-month lock-up period. About Datavard The SNP Group has around 1,600 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenue of around EUR 144 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company (Societas Europaea/SE). Contact: Christoph Marx
28.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | SNP Schneider-Neureither & Partner SE |
Speyerer Str. 4 | |
69115 Heidelberg | |
Germany | |
Phone: | +49 6221 6425 637, +49 6221 6425 172 |
Fax: | +49 6221 6425 20 |
E-mail: | [email protected] |
Internet: | www.snpgroup.com |
ISIN: | DE0007203705 |
WKN: | 720370 |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1222255 |
End of News | DGAP News Service |
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1222255 28.07.2021