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ots Ad hoc-Service: Cenit AG <DE0005407100> CENIT gains a foothold in the North American market Acquisition of L&H Consultants successfully completed

Stuttgart (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
CENIT AG has successfully completed the deal to acquire one
hundred per cent of L&H Consultants Inc., Montreal, Canada. By
putting its signature to the take-over contract, this Neue
Markt-listed company gains access to the world's most important IT
market, thus strengthening its market position as a global player.
The take-over will generate a number of major synergies. With
branches in Montreal, Toronto, Charlotte, Detroit and Mexico City,
CENIT will be in the position to support its customers
comprehensively in North America. Furthermore, all enterprises in the
CENIT group will benefit from the know-how lead in North America.
This applies in particular to the development and application of web
technologies.
With a staff of about 150, L&H Consultants Inc. will make about
EUR 16 million in fiscal 2000. The company's international clientele
includes famous names like Boeing, Bombardier, DaimlerChrysler,
Honda, Ferrari and Hyundai.
After Desktop Engineering Ltd. in England and Spring Technologies
S.A. in France, this is CENIT's third acquisition since the beginning
of the year. A consolidated plan showing the consequences of these
take-overs will be presented by the board of management by mid- year.
For any questions please contact: CENIT AG Systemhaus Matthias
Brock Public Relations Schulze-Delitzsch-Str. 50 D-70565 Stuttgart
Tel. (+49) 7 11 / 7 80 73-201 Fax (+49) 7 11 / 7 80 73-501 E-Mail 
m.brock@cenit.de
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