Information  X 
Enter a valid email address

SWORD Group (0MN5)

  Print      Mail a friend

Monday 15 June, 2015

SWORD Group

Sword Group stake in Simalaya Holding increased from 40% to 100%

Sword Group stake in Simalaya Holding increased from 40% to 100%

Sword Group

 

Sword stake in Simalaya Holding increased from 40% to 100%

Net consolidated profits, group share, after taxes rise to over €800 K

 

Windhof - June 15 2015,

On the evening of Friday, 12 June, Sword signed the agreement to acquire 60% of remaining shares in Simalaya Holding, raising its stake in the group from 40% to 100%.

Simalaya Holding retains the same minority interests in operating subsidiaries.

The equity investment will make it possible to:

a/ Increase net profits, group share, after taxes without changing revenue, which is already 100% consolidated,

b/ Extend Sword presence, in particular on the Swiss German market, and enhance its clients portfolio on the Swiss market,

c/ Enhance synergies between Simalaya and Sword in both sales and technological fields.

The  Simalaya  Group,  which  is  based  primarily  in  Switzerland,  has  nearly  120 employees and specialises in:

- Management & Technology consulting,

- Digital marketing,

- Information system performance management,

- Lean software and services.

About Sword Group

Sword Group (NYSE Euronext: FR0004180578 SWP) delivers high value business applications (IT Services & Software) to the world's largest companies globally. With operations in 50 countries,  Sword  today  employs  1,200+  people  and  generates  €117.1m  in  consolidated revenue (FY2014 figures).

An international leader in the delivery of Business Process Improvement solutions and data optimisation, Sword's skills, infrastructure and experience help our customers across regulated industries optimise performances, increase efficiencies and maximise returns on investment.

With flexible delivery options, including On Demand and On Premises, combined with our extensive industry expertise, Sword provides comprehensive support to customers across insurance and healthcare, energy, banking and finance, telecoms, utilities, engineering and construction and the public sector.

For more information, please visit www.sword-group.com.

Sword Group Acquisition

Investor Relations

e [email protected]

Sword Group

1,300+ staff

Euronext Paris - Compartment B ISIN Code: FR0004180578

ICB: 9530 Software & Computer Services

Indices:

CAC® Small

CAC® Mid & Small CAC® All-Tradable CAC® All-Share

© Sword Group

2, rue d'Arlon

L-8399 Windhof




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SWORD Group via Globenewswire

HUG#1928298

a d v e r t i s e m e n t