GFT Technologies SE

euro adhoc: GFT Technologies AG
Mergers - Acquisitions - Takeovers
GFT Technologies AG plans to take over Parity Group's Resourcing Solutions business in Germany and France

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GFT Technologies AG, one of the leading European providers of innovative IT solutions, is soon to acquire all of Parity Group's Resourcing Solutions business in Germany and France.

The purchase of all shares in Parity Beteiligungsgesellschaft GmbH with its subsidiaries Parity Eurosoft GmbH and Parity Selection GmbH, together with Parity Eurosoft SARL, France, is planned with retrospective effect from 1/1/2006.

The total transaction sum, EUR 8.4 million, consists of a EUR 7.7 million cash payment and EUR 0.7 million in debt repayments.

The companies being acquired are part of the Resourcing Solutions Mainland Europe division of the Parity Group plc, based in London. It is predicted that the objects of the takeover will earn revenues of EUR 43 million in 2005. They currently employ 40 people - 30 in Germany and 10 in France. Parity already has many years of experience in the area of managing IT services providers and has a solid client base including well-known customers in the post and logistics, banking and insurance and IT services sectors.

For GFT, the planned purchase represents a major step on the path towards becoming the leading supplier for the management of IT services providers. The takeover will also make GFT one of France’s main suppliers.

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ots Originaltext: GFT Technologies AG
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Further inquiry note:
Andrea Wlcek
Investor Relations Manager
Telefon: +49(0)7724 9411-440

Branche: Software
ISIN:      DE0005800601
WKN:        580060
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Original content of: GFT Technologies SE, transmitted by news aktuell

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