CENIT AG Systemhaus

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

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    Stuttgart (ots Ad hoc-Service) -      

    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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