Software AG Announces Tender Offer for IDS Scheer

Mon Jul 13, 2009 4:17pm EDT
 
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RESTON, Va.--(Business Wire)--
Software AG (TecDAX, ISIN DE 0003304002 / SOW) today signed a contract with
Prof. Dr. Dr. h.c. mult. August-Wilhelm Scheer and Prof. Dr. Alexander Pocsay
relating to the sale of a total of approx. 47.68 percent of the outstanding
shares (this corresponds to 15,332,622 shares) of IDS Scheer AG (TecDAX, ISIN DE
0006257009 / IDS). The sale of shares will be part of a voluntary public tender
offer by SAG Beteiligungs GmbH, a wholly-owned subsidiary of Software AG,
starting in the current quarter. Software AG will offer €15 in cash per
outstanding share of IDS Scheer capital. The offer will be made on and subject
to the terms and conditions yet to be communicated in the offer document and in
particular, it is likely to be made subject to clearance by the competent merger
control authorities. Founder Prof. Scheer and co-founder Prof. Pocsay have
already undertaken to accept the offer for all shares in IDS Scheer AG held by
them.

The transaction will create a global vendor of infrastructure software and
Business Process Management with more than 6,000 employees and more than €1
billion in sales. Software AG`s strengths, technology leadership in middleware
products, financial strength and global presence, will be supplemented by IDS
Scheer's skills in the analysis and mapping of business processes, the strong
partner network and the large service presence in their approx. 7,500 customers.
IDS Scheer offers deep industry expertise in vertical industries, direct access
to vertical markets and a strong position in the SAP consulting business. 

The combination of both leading technologically and complementary product
portfolios for the digitization and implementation of business processes will be
unique and will give Software AG a sustainable and strengthened competitive
position in a consolidating software market. 

The joint strategy is clearly growth-oriented. The growth drivers will be
increased sales of the combined product offering and the specialist expertise of
IDS Scheer's consultancy business. This consulting expertise is of use for the
customer-specific implementation of Service-Oriented Architectures (SOA) and BPM
/ BPA solutions, particularly in SAP environments. The combination of the two
successful business models is expected to be accretive to Software AG`s
operating earnings per share already in the first full fiscal year of
consolidation (2010). 

Software AG | 11700 Plaza America Drive| Suite 700 | Reston, VA 20190 | USA

With more than 1,000 U.S.-enterprise customers and 700 employees, Software AG's
U.S.operation contributes one third of the company's total revenue and is
Software AG's largest market presence and R&D location. Software AG has operated
nationwide in the U.S. since 1973 through a fully-owned subsidiary, Software AG
USA Inc., which is headquartered in Reston, Virginia - also an R&D hub for the
company`s core data management and integration technologies. R&D labs for the
development of Software AG`s webMethods product suite - offering SOA integration
and BPM solutions - include facilities in San José/Silicon Valley, Seattle and
Denver. For more information, visit www.softwareag.com/us. 

Software AG is the world`s largest independent provider of Business
Infrastructure Software. Our 4,000 global enterprise customers achieve business
results faster by modernizing, integrating and automating their IT systems and
processes. As a result, they rapidly build measurable business value and meet
changing business demands. Based on our solutions, organizations are able to
liberate and govern their data, systems, applications, processes and services -
achieving new levels of business flexibility. 

Our leading product portfolio includes solutions for high performance data
management, developing and modernizing applications, enabling service-oriented
architecture, and improving business processes. By combining our technology with
industry expertise and best practices experience, our customers improve and
differentiate their businesses - faster. 

Software AG has 40 years of global IT experience and over 3,500 employees
serving customers in 70 countries. The company is headquartered in Germany and
listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
Software AG posted total revenues of €721 million in 2008. 

Software AG - Get There Faster





Software AG
Cheryl Hawkins
Senior Manager, Public Relations
Telephone: +1 703-674-4115
Fax: +1 703-674-4061
Cheryl.Hawkins@softwareag.com
or
Norbert Eder
Vice President Corporate Communications
Telephone: +49 (0) 6151- 92-1146
Fax: +49 (0) 6151- 92-1444
Norbert.Eder@softwareag.com

Copyright Business Wire 2009

 

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