EASY SOFTWARE AG (ISIN DE0005634000) yesterday evening signed a purchase and transfer agreement to acquire the operational partial business for integrated SAP process solutions of the Hamburg-based nextevolution AG on the basis of an asset deal. The acquisition of the operational partial business is subject to conditions precedents. The purchase price amounts to EUR 2 million and is subject to adjustments due to the structure of the transaction.
The acquired software suite has a modular structure, extending the SAP system of midsize businesses and groups. Its cross-application platform provides integrated business processes such as personnel, contract and logistics management, or automation for applicant management, order requisitions, or changes to contracts. EASY SOFTWARE AG will also acquire the 28 employees of this division.
During the past financial year 2014, nextevolution AG generated sales of about EUR 4 million in the business division acquired by EASY SOFTWARE AG. The new products create a completely new product range without products overlapping. In addition to continuing the assets as a profitable subdivision of EASY SOFTWARE AG, this acquisition will enable expanding existing partnership alliances through new products and services and developing new partnership alliances.
EASY SOFTWARE AG
The Management Board