8 June 2006
Sage acquisition of German business management software vendor Bäurer
The Sage Group plc ("Sage") has agreed to acquire Bäurer GmbH ("Bäurer"), a
vendor of business management software, based in Germany, for an enterprise
value of approximately £16 million, to be paid in cash. The acquisition is
expected to complete within four weeks of this announcement.
Bäurer is a vendor of a suite of advanced business management solutions for
mid-market businesses, including industry-specific software for manufacturing.
Bäurer has over 2,000 mid-market customers.
Bäurer's revenue for the year ended 31 December 2005 was £16.0 million*.
Earnings before depreciation and amortisation were approximately £1.2 million*.
Paul Walker, Sage Chief Executive, commented, "Acquiring Bäurer strengthens our
market position in Germany by providing advanced and industry-specific
solutions for mid-market customers. Sage's customer service and marketing
expertise will enable us to sell more software and services to Bäurer 's
customer base."
*All financial information calculated on the basis of £1 = Euro 1.450.
Enquiries
The Sage Group plc +44 (0) 191 294 3068
Paul Walker, Chief Executive
Paul Harrison, Finance Director
Phil Branston, Investor Relations
Tulchan Communications +44 (0) 20 7353 4200
Kirstie Hamilton
Julie Foster
Notes to editors
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 10,000 people
worldwide.
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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