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Bechtle AG

euro adhoc: Bechtle AG
Mergers - Acquisitions - Takeovers
Bechtle acquires Swiss systems house ALSO COMSYT AG (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Bechtle acquires Swiss systems house ALSO COMSYT AG
Gaildorf, 05.02.2004. Bechtle acquires from the Swiss company ALSO
HOLDING AG all shares of its Swiss systems house ALSO COMSYT AG with
executive offices at Dübendorf (Canton of Zurich). With expected
sales of over 72 mill. CHF (approx. 46 mill. Euro) and at least a
balanced EBIT for fiscal 2004, a staff of about 400 and a network
comprising three business centres in Basle, Zurich and Lausanne, as
well as eleven service centres located throughout Switzerland, COMSYT
is one of Switzerland's largest systems houses. The systems house
provides IT services and solutions for client/server infrastructure
and caters mainly to large-scale enterprises.
With this acquisition, the Bechtle Group significantly expands its
market presence in Switzerland and, with a staff of over 600, expects
to achieve sales of about 300 mill. CHF (approx. 192 mill. Euro) in
this market in fiscal 2004. Through the combination of the service
business of Comsyt and the trading business, on which both of
Bechtle's Swiss companies ARP and Comsoft are concentrating, Bechtle
expects to achieve a sustainable improvement in earnings with the
purchase of Comsyt. The present management will remain with the
company, thus ensuring continuity in the business development of
Comsyt. Both parties agreed not to disclose the purchase price.
The separation of the systems house segment will enable the ALSO
Group to concentrate on its core activities of distribution and
logistics services.
Contact: Rudi Schmidt,  ir@bechtle.com, +49 (0)79 71/95 02 29,
www.bechtle.com, www.also-comsyt.ch., www.also.ch
end of announcement        euro adhoc 05.02.2004

Further inquiry note:

Ute Thamm
IR-Manager
+49(0)7971 9502-24
ute.thamm@bechtle.com

Branche: Software
ISIN: DE0005158703
WKN: 515870
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Original-Content von: Bechtle AG, übermittelt durch news aktuell

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