Sage acquisition of German business management software vendor Bäurer
08 June 2006
The Sage Group plc (“Sage”) has agreed to acquire Bäurer GmbH (“Bäurer”), a vendor of business management software, based in Germany, for an enterprise value of approximately £16 million, to be paid in cash. The acquisition is expected to complete within four weeks of this announcement.
Bäurer is a vendor of a suite of advanced business management solutions for mid-market businesses, including industry-specific software for manufacturing. Bäurer has over 2,000 mid-market customers.
Bäurer’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 Bäurer strengthens our market position in Germany by providing advanced and industry-specific solutions for mid-market customers. Sage’s customer service and marketing expertise will enable us to sell more software and services to Bäurer ’s customer base.”
Filed under: Sage
