2nd Sep 2015 07:00
2 September 2015
SQS Software Quality Systems AG
("SQS" or the "Company")
Completion of acquisition of Galmont Consulting LLC ("Galmont")
Software Quality Systems AG (AIM:SQS), the world's largest specialist supplier of software quality services, announces that, further to its announcement of 27 August 2015, the Company has completed the acquisition of the entire issued share capital of Galmont (the "Acquisition").
As part of the initial consideration SQS will issue 375,134 ordinary shares and application will be made in due course for the initial consideration of shares to be admitted to trading on AIM.
Enquiries:
SQS Software Quality Systems AG | Tel. +49 (0) 2203 91 54 0 |
Diederik Vos, Chief Executive Officer | |
Rene Gawron, Chief Financial Officer
| |
Numis Securities - Nomad and Joint Broker | Tel +44 (0) 20 7260 1000 |
Simon Willis / Jamie Lillywhite / Mark Lander | |
Westhouse Securities - Joint Broker | Tel. +44 (0) 20 7601 6100 |
Robert Finlay / Antonio Bossi
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Walbrook PR - Financial Media and Investor Relations | Tel. +44 (0)20 7933 8780 |
Paul Cornelius / Sam Allen / Nick Rome |
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About SQS
SQS is the world's leading specialist in software quality. This position stems from over 30 years of successful consultancy operations. SQS consultants provide solutions for all aspects of quality throughout the whole software product lifecycle driven by a standardised methodology, offshore automation processes and deep domain knowledge in various industries. Headquartered in Cologne, Germany, the company now employs approximately 4,100 staff. SQS has offices in Germany, UK, US, Australia, Austria, Egypt, Finland, France, India, Ireland, Italy, Malaysia, the Netherlands, Norway, Singapore, South Africa, Sweden, Switzerland and UAE. In addition, SQS maintains a minority stake in a company in Portugal. In 2014, SQS has generated revenues of €268.5million.
SQS is the first German company to have a primary listing on AIM, a market operated by the London Stock Exchange. In addition, SQS shares are also traded on the German Stock Exchange in Frankfurt am Main.
With over 8,000 completed projects under its belt, SQS has a strong client base, including half of the DAX 30, nearly a third of the STOXX 50 and 20 per cent of the FTSE 100 companies. These include, among others, Allianz, Beazley, BP, Commerzbank, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters, UBS and Volkswagen as well as other companies from the six key industries on which SQS is focussed.
For more information, see www.sqs.com
This information is provided by RNS
The company news service from the London Stock Exchange
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Related Shares:
SQS Software Quality Systems AG