Acquisition

8th Jun 2006 07:16

8 June 2006Sage acquisition of German business management software vendor Bƒ¤urerThe Sage Group plc ("Sage") has agreed to acquire Bƒ¤urer GmbH ("Bƒ¤urer"), avendor of business management software, based in Germany, for an enterprisevalue of approximately ‚£16 million, to be paid in cash. The acquisition isexpected to complete within four weeks of this announcement.Bƒ¤urer is a vendor of a suite of advanced business management solutions formid-market businesses, including industry-specific software for manufacturing.Bƒ¤urer has over 2,000 mid-market customers.Bƒ¤urer'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 Bƒ¤urer strengthens ourmarket position in Germany by providing advanced and industry-specificsolutions for mid-market customers. Sage's customer service and marketingexpertise will enable us to sell more software and services to Bƒ¤urer 'scustomer base."*All financial information calculated on the basis of ‚£1 = Euro 1.450.EnquiriesThe Sage Group plc +44 (0) 191 294 3068Paul Walker, Chief ExecutivePaul Harrison, Finance DirectorPhil Branston, Investor RelationsTulchan Communications +44 (0) 20 7353 4200Kirstie HamiltonJulie FosterNotes to editorsThe Sage Group plc is a leading international supplier of accounting andbusiness management software solutions and related products and services forsmall to medium-sized enterprises. Formed in 1981, Sage was floated on theLondon Stock Exchange in 1989 and the Group now employs over 10,000 peopleworldwide.ENDSAGE GROUP PLC

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