PLANO, Texas, April 24 /PRNewswire/ --
- Germany's HighQ-IT deepens company's expertise and capability to support expanding global clients
Perot Systems Corporation (NYSE: PER) announced today that it has signed a definitive agreement to acquire HighQ-IT for the manufacturing industry GmbH (HighQ-IT), a leading German IT services provider with SAP expertise.
The Munich-based company is one of nine special expertise partners in the automotive industry to be globally certified by SAP. With a delivery center in Bratislava, Slovakia, HighQ-IT is a business driven, IT innovation partner for select manufacturing industries, with a clear emphasis on delivering IT services in the SAP and enterprise solutions market.
The acquisition is projected to close during the second quarter of this year following approval from the Federal Cartel Office in Germany. Financial details of the acquisition were not disclosed.
"With its proven expertise in SAP implementation services, HighQ-IT is an excellent fit for Perot Systems," said Peter Altabef, President and CEO of Perot Systems Corporation. "Increasingly, our clients are demanding enterprise solutions, and this acquisition significantly enhances our global capacity to deliver them. We are delighted to welcome HighQ-IT to the Perot Systems team."
Klaus Holzhauser, senior consultant, Pierre Audoin Consultants (PAC) GmbH, commented on the acquisition: "The good positioning of HighQ-IT in the German SAP market in the sector of manufacturing, especially automotive, allows Perot Systems to significantly improve its own positioning in this environment. Furthermore Perot Systems increases its chance of also realizing larger projects with a broader delivery basis."
This acquisition underscores Perot Systems' commitment to the German and wider European marketplace, and will enable further growth in Germany, supporting local and global clients by leveraging the combined strength of both companies.
"HighQ-IT will complement our existing portfolio by bringing valuable domain expertise in the automotive, engineering and technology-based manufacturing industries," said Andreas Stein, Managing Director of Perot Systems Germany. "High client satisfaction and long-term relationships have earned it a strong reputation in the market. HighQ-IT is a great addition of talented people to Perot Systems."
"We are pleased to be joining forces with Perot Systems. Our spectrum of services, our exclusive client base, and our talented employees fit exceptionally well into the business model and culture of Perot Systems," said Hans Josef Nagel, Managing Director of HighQ-IT. "Working together we will be able to provide our services on a significantly broader basis and with greater flexibility, to better meet the requirements of our global clients. By joining the Perot Systems family we will be able to support our clients worldwide and offer better advancement opportunities for our hard-working team."
HighQ-IT, founded in 1989, brings a strong European presence servicing both global and local clients such as Audi, BMW, Daimler, General Motors Europe/Opel, Gildemeister, OSRAM, Pari Medical and Siemens.
In 2007, HighQ-IT reported revenue of euro 14.9 million.
Hans Josef Nagel and Thomas Popp will remain as the managing directors of HighQ-IT, charged with further developing an expanded market presence throughout Europe and delivering expanded value solutions to its clients.
In Germany, Perot Systems is headquartered in Frankfurt/Main and concentrates on business and IT solutions for clients in a wide range of industries, including telecommunications, manufacturing, travel and transport.
About HighQ-IT
As an IT service provider, HighQ-IT for the manufacturing industry GmbH focuses on the automotive, manufacturing and medical devices industries. HighQ-IT is specialized in process optimization within the field of product development and logistics -- major branches are sales, maintenance and service as well as finance and controlling management. HighQ-IT offers expertise in the fields of SAP consulting, software engineering, implementation and training as well as maintenance and support for IT solutions. HighQ-IT is a service partner and special expertise partner of SAP for automotive and product lifecycle management.
HighQ-IT for the manufacturing industry GmbH was established in 1989. The IT service provider employs more than 120 people in Munich and Bratislava. Customers include mid-sized as well as large companies such as Audi, BMW, Daimler, General Motors Europe / Opel, Gildemeister, Maha, MAN, Miba Group, OSRAM, Pari Medical, Siemens and VW.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations, and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of US$2.6 billion. The company has more than 23,000 associates located in North America, Europe, MENA and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Media Contacts: Perot Systems Corporation US - Global Jonathan Moss +1-972-577-6395 jonathan.moss@ps.net Joe McNamara +1-972-577-6165 joe.mcnamara@ps.net UK Charlie Richards +44-20-7892-1071 Charlie.richards@ps.net LEWIS - Global PR Germany Ruth Streder +49-89-173019-21 +49-176-10-11-96-08 cell ruths@lewispr.com
Web site: http://www.perotsystems.com
US - Global, Jonathan Moss, +1-972-577-6395, jonathan.moss@ps.net, or Joe McNamara, +1-972-577-6165, joe.mcnamara@ps.net, or UK, Charlie Richards, +44-20-7892-1071, Charlie.richards@ps.net, all of Perot Systems Corporation; or Germany, Ruth Streder of LEWIS - Global PR, +49-89-173019-21, cell, +49-176-10-11-96-08, ruths@lewispr.com, for Perot Systems Corporation
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