Ad hoc News: Planned merger with Software AG
Saarbruecken, 3 February 2010
On 3 February 2010, Software AG and SAG Beteiligungs GmbH informed IDS Scheer AG that they plan to merge, firstly, SAG Beteiligungs GmbH and, secondly, IDS Scheer AG into Software AG in accordance with the provisions of the Transformation Act (UmwG). According to the relevant statutory provisions, a merger of IDS Scheer AG into Software AG would mean that the outstanding shareholders of IDS Scheer AG would have to be granted shares in Software AG in return for their shares in IDS Scheer AG on the basis of a ratio yet to be determined.
Furthermore, Software AG and SAG Beteiligungs GmbH have invited the executive board of IDS Scheer AG to discuss all measures required in this respect. The executive board of IDS Scheer AG intends to accept this invitation in due course.
The planned merger would be subject to the approval of IDS Scheer AG's general meeting of shareholders. Software AG and SAG Beteiligungs GmbH have proposed that for this purpose a general meeting of IDS Scheer AG's shareholders could take place in mid-2010. The executive board of IDS Scheer AG will also consider this proposal.
IDS Scheer AG
The Executive Board
About IDS Scheer
IDS Scheer is the market leader in Business Process Management (BPM) software, solutions and services for corporations and public organizations worldwide. With its unrivaled ARIS Platform for Process Excellence, the company offers an integrated, comprehensive solution portfolio for the strategy, design, implementation and controlling of business processes. Utilizing the ARIS Value Engineering (AVE) approach, IDS Scheer consultants bridge the gap between corporate strategy, business processes, IT solutions and process controlling. As a global SAP services partner, strategic SAP development partner and SAP channel partner, IDS Scheer offers small/medium enterprises to Global 1000 companies a process-oriented approach to optimize Enterprise Resource Planning (ERP), Supply Chain Management (SCM) and Customer Relationship Management (CRM). Approximately 3,000 employees serve the company’s 7,500 customers in over 70 countries. In 2008, IDS Scheer’s revenues reached 399.1 million Euro (preliminary). Established in 1984 by Prof. August-Wilhelm Scheer, IDS Scheer is listed in the TecDAX on the Frankfurt Stock Exchange (Germany).
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News Source : Ad hoc News: Planned merger with Software AG
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