64297 Darmstadt, de
+1 (703) 674-4115
Software AG has already acquired more than 75% of IDS Scheer AG
The acquisition process is on track / An additional Offer Period of two weeks is expected to start on September 24, 2009 / Future integration steps may include a domination agreement as basis for joint business operations
"We are extremely pleased that we may now start the preparation of aligning our operations to gain additional business opportunities" said Software AG CEO, Karl-Heinz Streibich. "This acquisition is focused on growth for all our business areas and I am happy that we may now demonstrate the benefits of joining forces to our customers, investors and employees."
Software AG, through its wholly-owned subsidiary SAG Beteiligungs GmbH, continues to offer remaining IDS Scheer share holders €15 a share. An additional offer period of two weeks will start after the final result of the first offer period has been published.
"We are happy with the very positive response to our offer so far", said CFO Arnd Zinnhardt. "The acquisition process is on track and we expect a further uptake of our offer during the additional offer period. We have passed an important milestone and look forward to realizing synergies."
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