Brief: Simcorp Buys Data Management Software Provider AIM Software

SIMCORP A/S

06/06/2019 07:03

June 6 (Reuters) - Simcorp A/S  SIM.CO :
    * REG-SIMCORP ACQUIRES DATA MANAGEMENT SOFTWARE PROVIDER AIM
SOFTWARE
    * REG-SIMCORP ACQUIRES DATA MANAGEMENT SOFTWARE PROVIDER AIM
SOFTWARE
    * CLOSING OF ACQUISITION IS EXPECTED TO BE AROUND AUGUST 1,
2019,
SUBJECT TO CERTAIN CONDITIONS.
    * A TOTAL ENTERPRISE VALUE OF EUR 60M
    * ACQUISITION IS ALSO EXPECTED TO BE EBIT MARGIN DILUTIVE IN
2020
    * HAS SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES IN AIM
HOLDING SCA
AND ITS SUBSIDIARIES
    * EBIT MARGIN NEUTRAL FROM 2021 DUE TO FULL IMPACT OF
SYNERGY
REALIZATIONS

Source text for Eikon:  ID:nGNE3cDW6p 
Further company coverage:  SIM.CO 

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