Munich, August 2, 2012 – Munich-based Allgeier SE (ISIN DE000508300, WKN 508630), one of the leading IT consulting and service companies in the German-speaking region, has reached agreement with the owner and management of tecops personal GmbH to further develop TECOPS in the future as part of the Allgeier Experts Division. Today, Thursday, Allgeier reached contractual agreement with the current sole shareholder of the Munich-based IT personnel service-provider concerning the purchase of all shares in the company. The efficacy of the agreement is subject to normal anti-trust conditions. The agreements are expected to be executed within the coming weeks. As a consequence, Allgeier is continuing to pursue its successful policy of acquiring interests in outstanding and high-growth companies through stringently selected and value-creating acquisitions. With this agreement with TECOPS, Allgeier is qualitatively and quantitatively further expanding its comprehensive range of products and services in the important growth market for IT personnel services. The business areas of TECOPS and Allgeier complement each other ideally.

tecops personal GmbH has more than 20 years of experience in the recruitment and mediation of specialist staff. The company employs 1,400 staff at 12 locations, and can make recourse to a pool of 60,000 IT specialists and technical staff. The range of services focuses on personnel outsourcing in the IT and commercial area, the mediation of IT specialists, and project services. The company has reported strong revenue and earnings growth over the last five years. TECOPS turned over more than EUR 50 million in 2011. The company plans further sustainable revenue and earnings growth for 2012.

The Allgeier Experts Division, with its companies Goetzfried and U.N.P., has stood for many years for the reliable and rapid provision of expertise and flexible personal resources. The services it offers include the recruitment, mediation and management of IT experts and engineers, the realisation of development projects, the planning and implementation of IT infrastructure solutions, and the design and development of software.

‘TECOPS and Allgeier are two high-performing service-providers which fit each other outstandingly. As is the case with Allgeier, TECOPS stands for speed, flexibility and the highest degree of transparency – accompanied by absolute customer-orientation, stability and reliability. We aim to further boost our service quality with this merger,’ commented Dr. Marcus Goedsche, Management Board member of Allgeier SE. TECOPS will be continued as an independent unit within the Allgeier Group in order to optimally exploit its good market position and its employees’ expertise. Allgeier manages all Group companies according to a decentralised management principle. The managing directors and management board members of Allgeier Group companies operate as independent entrepreneurs within the framework of strategically coordinated planning. In this way, Allgeier combines the advantages of a high-performing international IT company with the particular virtues of powerful medium-sized company units. ‘TECOPS boasts a highly competent team. Allgeier is backing TECOPS’ management and staff, who are responsible for the company’s success with their commitment and experience. We regard TECOPS as an important pillar in our strategic orientation to IT personnel services, and we are convinced that Allgeier and TECOPS will continue to grow further together in the future,’ Dr. Marcus Goedsche went on to add.

TECOPS’ management aims to exploit synergies and economies of scale on a targeted basis within the Allgeier Group. ‘By belonging to a high-performing group, TECOPS enjoys optimal preconditions for developing our staff, and for continuing on our growth path,’ stated Ludwig Hank and Dr. Volker Buttermann, managing directors of tecops personal GmbH. ‘Allgeier’s culture is characterised by a consistent orientation to specialist expertise, combined with a high level of entrepreneurial independence and staff-orientation. In addition to its impressive growth track record, Allgeier commands a high degree of profitability and financial strength, which signifies stability and continuity for employees and customers,’ the managing directors went on to comment.

The purchase price for tecops personal GmbH comprises a double-digit amount in millions of euros. In line with Allgeier’s decentralised management principle, TECOPS’ board and management team will continue to bear corporate responsibility within the framework of strategically coordinated planning. The current sole shareholder of tecops personal GmbH, Reiner Pientka, intends to invest in a significant shareholding in Allgeier SE as part of the sale: ‘I am pleased to have found in Allgeier a buyer that will support the future growth that is required, and with whose orientation TECOPS’ business fits very well. Since I am convinced that both companies will develop well together, it was very important to me personally to accompany the future path as a shareholder.’ Reiner Pientka will also actively accompany TECOPS and Allgeier in a consultative role.

Contact:

Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: pr@allgeier.com
Web: www.allgeier.com

Munich-based Allgeier SE is one of the leading consulting and service companies in the German-speaking region. With more than 2,600 employees and around 1,500 freelance IT experts, Allgeier offers its customers a complete service approach spanning design, implementation, and through to the operation of IT landscapes. Fifteen corporate units, each with its own specialist and sector-related focus, work together for more than 2,000 customers from almost all sectors. Allgeier combines the expertise and customer-proximity of medium-sized company units with an international, listed company’s strength and performance. This high-growth company currently operates at more than 80 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Mexico and the USA. Allgeier generated EUR 379 million of revenue in 2011. The company is listed on the regular market of the Frankfurt Stock Exchange in the General Standard segment (WKN 508630 / ISIN DE0005086300). Further information is available on the company’s website at: www.allgeier.com.