07/14/2011

ALLGEIER HOLDING AG / Key word(s): Acquisition15.07.2011 / 00:18———————————————————————Munich, 14 July 2011 – Allgeier Holding AG (WKN DE000508300), one of theleading IT consultancy and service companies in German-speaking countries,today signed a contract with the shareholders of IT solution provider andsoftware developer Nagarro Inc. to acquire all shares in the company. Thetransfer of all the shares (closing) is dependent on compliance with theusual contractual terms and is expected to be completed within the next fewdays. The company, which has its headquarters in the Silicon Valley, USA,has subsidiaries in Germany, Sweden, India and Mexico.High-end software service provider Nagarro, known for their advertisingclaim ‘the brightest minds’, develops tailored software solutions. Amongthe company’s key customers are major corporations in the USA and Europewhich bank on Nagarro’s expertise and reliability in providing anddeveloping key internal applications. The company, which was established in1996, achieved sales of approx. US$ 22 million in 2010 with a worldwidestaff of 840. Nagarro has seen constant major growth in both sales andprofits for many years now. For 2011, growth of 35 percent in sales up toapprox. US$ 30 million is anticipated.To Allgeier, the transaction is a logical strategic move at aninternational level so as to conquer key markets, and represents acontinuation of their policy to buy shares in high-end, medium-sizedcompanies. Given the predicted shortfall in IT experts in German-speakingcountries, the company will thus gain access to highly qualified IT staffin global locations. Add these resources to the existing specialists inAllgeier’s group of companies and customers will find that all of theirrequirements can be fully covered. Allgeier’s large, internationalcustomers will benefit from the holistic performance in global projects.Another factor behind this transaction is to enhance the service portfolioof the Allgeier Group in terms of both valuable knowledge ofstate-of-the-art technology as well as geographical reach. The board of Allgeier Holding considers the acquisition of Nagarro Inc. toprovide the basis for accepting further opportunities for internationalgrowth and a response to the shortfall in experts. ‘We are positive thatNagarro is a suitable partner, and we are looking forward to our jointdevelopment,’ says Carl Georg Dürschmidt, CEO of Allgeier Holding AG.’Nagarro is known for their efficient use of state-of-the-art IT as well ashighly satisfied customers. With our support, Nagarro will be able to offertheir customers even more added value in future.’To Nagarro, the affiliation to Allgeier means better access to theGerman-speaking and international IT markets by taking advantage ofeconomies of scale and synergies. ‘This partnership with Allgeier Holdingopens the door to an exciting new set of opportunities for Nagarro,’ saidMr. Vikas Sehgal, CEO of Nagarro Inc. ‘Nagarro looks forward to offeringour Global 500 customers the flexibility, intelligence and intensity theyhave come to expect from us, combined with the reach and scale of a largerglobal partner. By teaming up with Allgeier Holding, Nagarro can retain itsidentity and focus while delivering the advantages of a much biggercompany.’The initial purchase price is in the low 2-digit million euro range and maywell rise within the coming three years to somewhere in the mid-2-digitmillion euro price range when the company’s earn-out targets are fullyrealized. In the deal to sell their shares, Nagarro Inc.’s shareholdersacquired a block of shares in Allgeier Holding AG. They will continue tohave operational responsibility and serve as managing directors.Short profile of NagarroNagarro builds complex, business-critical products and applications thathelp companies meet their core business goals and gain competitiveadvantage. Nagarro’s complete commitment to the success of every project,unmatched engineering skill and quality, and deep domain expertise innumerous industries build on a shared vision of success between Nagarro andeach of its customers. Founded in 1996, Nagarro has offices in the US,Mexico, Germany, Sweden and India. In 2010, Nagarro achieved sales of US$22 million with a worldwide staff of 840.Press contactAllgeier Holding AG Florian KränzleWehrlestraße 1281679 Munich, GermanyTelephone: +49 89 998421-0Fax: +49 89 998421-11E-mail: fkraenzle@allgeier-holding.de Allgeier Holding AG, with its headquarters in Munich, is one of the leadingconsultancy and service companies in the German-speaking countries. Withtheir units IT Solutions, IT Services & Recruitment and Project Solutions,Allgeier offers a comprehensive range of services from the initial conceptthrough implementation to the operation of IT landscapes. Allgeier Grouphas 16 operational subsidiaries with over 1,300 employees as well as morethan 1,400 freelance experts serving some 3,000 customers in virtuallyevery area of the economy. In Germany, the Group runs 52 subsidiaries aswell as 18 offices in Belgium, France, the Netherlands, Austria, Romania,the Czech Republic, Switzerland and China. During the 2010 financial year,Allgeier achieved sales of EUR 308.7 million. According to Lünendonk’smarket segment survey in 2010, Allgeier ranks no. 2 among the medium-sizedIT service companies and no. 2 among IT recruitment companies in Germany.The company is listed on the official market (General Standard) at theFrankfurt Stock Exchange.End of Corporate News———————————————————————15.07.2011 Dissemination of a Corporate News, transmitted by DGAP – acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP’s Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de———————————————————————Language: English Company: ALLGEIER HOLDING AG Wehrlestraße 12 81679 München Germany Phone: +49 (0) 89 – 99 84 21 0 Fax: +49 (0) 89 – 99 84 21 11 E-mail: info@allgeier.com Internet: http://www.allgeier.com ISIN: DE0005086300 WKN: 508630 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ——————————————————————— 132134 15.07.2011