Softmatic AG

ots Ad hoc-Service: Softmatic AG

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Norderstedt (ots Ad hoc-Service) - Softmatic AG, a leading provider of enterprise resource planning (ERP) software for mid-sized companies in the process manufacturing industry, has acquired a 74.8% stake in Semmerling & Armbrecht GmbH, Bielefeld. Semmerling & Armbrecht is a well-known supplier of horizontal business accounting software for companies with 50 to 500 employees. In 1999, its revenues amounted to 12.5 million DEM. With its Diamant business accounting software Softmatic can now provide its customers with a complete international ERP software solution. Due to the high degree of compatibility between the two companies and their products, significant synergy effects can be expected. Since the two partners can support each others European expansion and enjoy little overlap in their sales channels, the deal represents a clear "win-win" situation. For Softmatic, the majority acquisition of Semmerling & Armbrecht marks another step on the way to becoming a leading ERP supplier for Europes process manufacturing industry and dramatically changes its market position. Previously, Softmatic competed with other mid-sized, German software companies whose core competencies lie in production and materials management. Now, with its own accounting software components, Softmatic can open new market segments and further accelerate its own international growth. The transaction is financed partly through proceeds of the comanys initial public offering last year and partly through an upcoming capital increase. Most of the acquired stake comes from a passive Semmerling & Armbrecht Partner who has sold all his shares in the company. The acquisition needs to be approved of by the shareholder meeting. Semmerling & Armbrecht will be continued to be run as an independant company by its former and present Managing Director Peter Semmerling. It is planned to transform the company into a stock corporation named Diamant Software AG. The going public of Diamant Software AG is planned for the next few years. Semmerling & Armbrecht now has the chance to become not only the leader for business accounting software among mid-sized German companies. With the help of Softmatics European infrastructure and understanding of country-specific requirements, Semmerling & Armbrecht now has a firm basis for its international expansion. The acquired company will expand its existing indirect sales network across Europe. Since Softmatic focuses on the process industry, there will be no competitive conflicts with Semmerling & Armbrechts sales partners in othermarket segments or industries. Softmatic will market the Diamant business accounting software as part of its complete ERP solution under the name SQLblending financial software. Further Information: Kay Bommer, Tel.: 49 / 40 / 52844 212, email:, End ----------------------------------------------------- Internet: Original-Content von: Softmatic AG, übermittelt durch news aktuell

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