P&I Personal & Informatik AG

EANS-Adhoc: P&I takes over time management solution of GRONEMEYER

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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16.04.2009

With effect as of May 1, 2009, P&I Personal & Informatik AG, Wiesbaden, is taking over GRONEMEYER Gesellschaft für Datentechnik, EDV und Organisationsberatung mbH, which is domiciled in Höxter. Prior to this, the latter company hived off its network technology and internet security product area, which will continue to exist as GRONEMEYER IT GmbH in the form of an independent company in Höxter. In this way, P&I AG is reinforcing its competence in the time management product line as a leading supplier of integrated HR soft-ware solutions. GRONEMEYER offers comprehensive know-how by means of standard software for time management, access control and personnel deployment planning. The main focus of the business is the time management product with approx 300 customers, approx. 50 customers of which in Switzerland and the Netherlands. In the year 2008, the company achieved a total sales turnover of 2.3 million euros with this subarea and approx. 30 employees. The purchase price is in the lower one digit million range and was derived completely from equity capital. P&I AG is purchasing the core product APG 2000, a platform-independent standard software product for time management that can be individually customised. In addition to reinforcing its market share, P&I perceives future potential in the growth market consisting of access control. With its second acquisition in this market segment, P&I is positioning itself as a time management expert. The employees of GRONEMEYER GmbH, which will continue to exist as an independent company, will be taken over by P&I AG and integrated into a stock exchange listed, independent company with a European orientation. The vocational training that was established under Gronemeyer is to be continued in the future.

end of announcement                               euro adhoc
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Further inquiry note:

Andreas Granderath
+49 (0)611 7147-267
agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

Original-Content von: P&I Personal & Informatik AG, übermittelt durch news aktuell

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