Brief: Adesso Acquires Quadox

adesso SE

29/07/2022 06:31

July 29 (Reuters) - ADESSO SE  ADNGk.DE :
    * ACQUIRES QUADOX AG, RISES TO RANK AMONG TOP 5 SAP
ANALYTICS
MARKET LEADERS IN GERMANY
    * A PURCHASE PRICE IN HIGH SINGLE-DIGIT MILLIONS, TO BE PAID
IN
EUROS, HAS BEEN AGREED
    * PROFITABLE AND DEBT-FREE COMPANY GENERATES SALES OF
APPROXIMATELY EUR 7 MILLION AND AN EBIT MARGIN OF ALMOST 20 %
    * ACQUISITION WILL DOUBLE SIZE OF ADESSO'S EXISTING TEAM OF
EXPERTS IN BURGEONING SAP ANALYTICS FIELD, TAKING NUMBER TO
ABOUT 70. QUADOX BOARD MEMBERS CHRISTIAN SCHROETER AND RAINER
BÄRMEIER WILL ENHANCE STRONG SAP ANALYTICS UNIT IN RESPONSIBLE
ROLES

Source text for Eikon:  ID:nEQ1yB303a 
Further company coverage:  ADNGk.DE 

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