Munich, October 8, 2012 – Munich-based Allgeier SE (ISIN DE000508300, WKN 508630), one of the leading IT consulting and service companies in the German-speaking region, is expanding its extensive range of products and services – both qualitatively and quantitatively – in the growth market for IT and commercial personnel services, and is strengthening its presence on the important future market of Turkey.

Allgeier reached agreement with the owners and management of Turkish personnel services company Oxygen Consultancy to further develop the company under the auspices of the Allgeier Experts division in the future. Allgeier has reached contractual agreement with the recruiting specialist’s shareholders concerning the purchase of 90 % of the company’s shares, and has entered into corresponding contracts. The agreements are executed this Monday.

For Allgeier, the transaction represents a further consistent strategic step to occupy important growth markets in the international arena. As a consequence, Allgeier is continuing to pursue its successful policy of acquiring interests in outstanding, high-growth, medium-sized companies and of further tapping high-margin areas of activity through stringently selected and value-creating acquisitions. Allgeier announced the acquisition of personnel services-provider TECOPS in August. The Allgeier Experts Division, with its companies Goetzfried, TECOPS, TOPjects 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, transfer and management of IT specialists, commercial experts and engineers, the realisation of development projects, the planning and implementation of IT infrastructure solutions, and the design and development of software.

Oxygen Consultancy’s service range exhibits a high degree of strategic harmony with the Experts divisional portfolio: Oxygen Consultancy has more than ten years’ experience in recruitment services, and in the mediation of IT experts and commercial specialists. At its two locations of Istanbul and Izmir, the company acts particularly for companies from the IT, finance, consumer goods and pharmaceutical sectors – with a particular focus on large-scale industry. Oxygen Consultancy occupies a leading position on the personnel services market in the Turkish economic metropolis of Istanbul. ‘Oxygen Consultancy has ranked as one of the leading independent recruitment solutions companies active in Turkey, Central Asia, CIS and Near East since 2002, providing specialised recruitment services in consumer products and services, technology, life sciences and healthcare, energy, financial services, industrial, transportation and logistics, across all functions. It is now time for Oxygen Consultancy to broaden its presence both vertically and laterally to an international organisation providing in depth personnel services from expert to managerial levels, including recruitment, personnel and outsourcing services with a broader local presence hopefully extending throughout the region,’ commented Cagri Alkaya, Chairman of the Board of Directors of Oxygen Consultancy. The company has reported continuous revenue and earnings growth over the past years, achieving revenue last year in a low-single digit amount in millions of euros, and a significantly double-digit earnings margin. The personnel specialist plans further revenue and earnings growth for the current year.

With Oxygen Consultancy and its excellent management team, Allgeier now commands a second pillar on one of Europe’s fastest growing markets. With its product company Allgeier IT Solutions, Allgeier is already represented in the Turkish market, especially with document management systems and specialist software in the medical sector. Turkey, with its approximately 75 million inhabitants, forms the gateway to the Middle Eastern region. More than 20 million individuals live in the metropolitan areas of Istanbul, Izmir and Ankara alone. Branches of all major international companies are located in the financial and economic centre of Istanbul.

Oxygen’s management aims to exploit synergies and economies scale on a targeted basis within the Allgeier Group. ‘Oxygen Consultancy aims to increase the scope and intensity of its services to its clients, benefiting from the financial strength and the experience of Allgeier Group in the mediation and outsourcing of the experts level for both local and international clients. Through this partnership Allgeier Group will be able to provide quality services for its global clients, not only in Turkey but also in the broader region served from Turkey’, as Cagri Alkaya stated.

Founder and Chairman Cagri Alkaya will continue to bear managerial and entrepreneurial responsibility portfolio within the framework of strategically coordinated planning as the Chairman of the Board of Directors, and as a 10 % shareholder.

Contact:

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

Munich-based Allgeier SE is one of the leading IT companies in the German-speaking region. With more than 4,000 salaried employees and around 1,500 freelance IT experts, Allgeier offers customers a complete service approach and a comprehensive portfolio of solutions and services. Sixteen corporate units, each with individual specialist and sector-related focal points, work together for more than 2,000 customers from almost all sectors. Allgeier combines the advantages of an international IT company, such as product breadth, and strength in terms of performance and processes, with the expertise and customer-proximity of a powerful medium-sized-company provider. This high-growth company currently operates at more than 90 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 EUR379 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.