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SNP SCHNEIDER-NEUREITHER & PARTNER SE

(SHF)
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PRESS RELEASE : SNP Acquires SAP Data Specialist Datavard

07/28/2021 | 05:46am EDT
DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Takeover/Capital Increase 
SNP Acquires SAP Data Specialist Datavard 
2021-07-28 / 11:45 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
SNP Acquires SAP Data Specialist Datavard 
Further expansion of leading position in data transformation market 
Heidelberg, July 28, 2021 - SNP Schneider-Neureither & Partner SE, a world-leading provider of software solutions for 
digital transformation processes and automated data migrations, signed an agreement today to acquire 100% of the shares 
in Datavard AG. The software and consulting company with around 170 employees specializes in transformations and data 
management in SAP landscapes and generated total revenues of around EUR 17.6 million and EBIT of EUR 1 million in the 
2020 fiscal year. The initial consolidation is expected to take place on August 1, 2021. 
The acquisition of Datavard AG plays an important role in the implementation of SNP's platform strategy, which allows 
companies to generate maximum value from their data transformation using just one software solution. 
Gregor Stöckler, co-founder and CEO of Datavard AG, will join the Board of Managing Directors of SNP SE as the new 
Chief Operating Officer (COO). He will be responsible for the sales regions USA and UK-Ireland as well as globally for 
analytics, platform strategy, technology partners and partner marketing. 
"With this acquisition, we are expanding our software portfolio to include Datavard's solutions in the areas of SAP 
data management and analytics. In both the software and the consulting business, the two portfolios complement each 
other perfectly. Until now, SNP and Datavard have acted as competitors and partners in the market; in the future, we 
will use the newly gained strength from the merger of both companies to serve our customers and partners even more 
comprehensively," says Michael Eberhardt, CEO of SNP SE. 
Datavard has been active in the market for over 20 years and focuses on transformations and data management in SAP 
landscapes. In the area of transformation, Datavard supports companies in migrating to SAP S/4HANA, modernizing their 
analytics and data warehouse landscape, and carrying out mergers and acquisitions, carve-outs, and company splits. In 
the area of data management, Datavard offers solutions for data lifecycle management, business intelligence and 
analytics, and innovative cloud connectivity solutions that enable SAP customers to integrate and utilize SAP data in 
applications for artificial intelligence, machine learning and the Internet of things. Over 50 of the Global Fortune 
500 and numerous DAX 30 companies are Datavard customers. In addition, the company has an outstanding partner network 
consisting of national and international players such as Accenture, AppDynamics, Google, Microsoft, SAP and more. 
"We are very pleased to now be a part of the market leader for data transformation software solutions in the SAP 
world," says Gregor Stöckler, founder and CEO of Datavard AG. "It opens up many new opportunities for our employees, 
customers and partners. SNP and Datavard have known and appreciated each other for many years as competitors and as 
partners. In addition, we are successfully collaborating in the "SAP S/4HANA Selective Data Transition Engagement" 
working group. Together, we will be able to support our customers and partners in their digital transformations even 
better." 
In addition to its headquarters in Heidelberg, Datavard has two large locations in Slovakia and a strong location in 
Switzerland. Furthermore, Datavard is also represented in the USA. "We are looking forward to welcoming the new 
employees, who will strengthen and expand our core business," says Prof. Dr. Heiner Diefenbach, CFO of SNP SE. 
Financing 
As consideration for the acquisition of all shares in Datavard AG, a cash component of around EUR 20 million and the 
issue of 173,333 new shares from a capital increase through contributions in kind are planned. An independent valuation 
has confirmed the appropriateness of the total purchase price. Taking into account Datavard's double-digit growth 
expectations for the current year, the purchase price represents 15 times Datavard's currently expected operating 
profit for 2021. The new shares will be issued indirectly to Gregor Stöckler and two additional shareholders of 
Datavard AG, and all three will remain with the company after the transaction. The shares issued will be subject to a 
36-month lock-up period. 
About Datavard 
Datavard is an innovative provider of intelligent solutions and consulting services for SAP data management, SAP S/ 
4HANA migrations, data warehouse modernization, legacy system decommissioning, SAP data integration, big data and 
system landscape transformations. As a trusted SAP partner with over 20 years of expertise, Datavard helps companies 
worldwide run their SAP systems leanly, efficiently and profitably. Datavard is headquartered in Heidelberg, Germany, 
with offices in EMEA, the US and Asia. For more information, visit www.datavard.com. 
About SNP 
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of 
traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: 
The Data Transformation Platform CrystalBridge^(R) and the SNP BLUEFIELD^TM approach allow companies to restructure and 
modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments 
more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs. 
The SNP Group has around 1,600 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated 
revenue of around EUR 144 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was 
established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock 
Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company 
(Societas Europaea/SE). 
More information is available at www.snpgroup.com 
Contact: 
Nicole Huber 
Executive Vice President Corporate Development, SNP SE 
Tel.: +49 6221 6425-920 
E-mail: nicole.huber@snpgroup.com 
Christoph Marx 
Global Head of Investor Relations 
Tel.: +49 6221 6425-172 
E-mail: christoph.marx@snpgroup.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-28 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      SNP Schneider-Neureither & Partner SE 
              Speyerer Str. 4 
              69115 Heidelberg 
              Germany 
Phone:        +49 6221 6425 637, +49 6221 6425 172 
Fax:          +49 6221 6425 20 
E-mail:       investor.relations@snpgroup.com 
Internet:     www.snpgroup.com 
ISIN:         DE0007203705 
WKN:          720370 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1222255 
 
End of News   DGAP News Service 
=------------ 

1222255 2021-07-28

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1222255&application_name=news 
 

(END) Dow Jones Newswires

July 28, 2021 05:45 ET (09:45 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DAX -1.03% 15490.17 Delayed Quote.14.09%
SNP SCHNEIDER-NEUREITHER & PARTNER SE 1.14% 53.2 Delayed Quote.-13.63%
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Financials
Sales 2021 173 M 203 M 203 M
Net income 2021 7,51 M 8,81 M 8,81 M
Net Debt 2021 41,9 M 49,1 M 49,1 M
P/E ratio 2021 49,3x
Yield 2021 0,11%
Capitalization 373 M 438 M 438 M
EV / Sales 2021 2,40x
EV / Sales 2022 2,02x
Nbr of Employees 1 576
Free-Float 59,6%
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Number of Analysts 3
Last Close Price 52,60 €
Average target price 70,33 €
Spread / Average Target 33,7%
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Managers and Directors
Michael Eberhardt Chief Executive & Operating Officer
Heiner Diefenbach Chief Financial Officer
Claus E. Heinrich Chairman
Herbert Schuster Chief Information Officer
Steele Arbeeny Chief Technology Officer
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