TTL Beteiligungs- und Grundbesitz-AG
ots Ad hoc-Service: TTL Info. Technology AG <DE0007501009>
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TTL AG takes over 1st DATA Solution Vertriebs-GmbH 1st DATA Solution Vertriebs-GmbH intends to grow by 75 % in 2000
UNIX product range meanwhile complete TTLs war-chest us still full
With effect from 1 January 2000, TTL Information Technology AG, Germanys Number One IT service provider for large computer systems at the Neuer Markt, today took over 1st DATA Solution Vertriebs-GmbH, in Unterschleissheim near Munich. The company was founded in mid-1996, and reports sales of approx. 24 million DM for 1999. For the year 2000, sales of approx. 42 million DM have been budgeted, to be achieved by a workforce of 32 people.
1st DATA Solution as an IT service provider has specialized in UNIX/LINUX/NT-complete integration, with a fast-growing consultancy operation being built up as from 1998. An company headquarters, a training centre is currently being set up for SUN-Microsystems (SUN-HA cluster solutions). Since the beginning of the year, 1st Data Solution has also been a sales- plus partner of cassiopeia, the leading development company for professional communication packages. By joining the TTL Group, 1st Data Solution is now also in a position to offer its customers individually tailored financing packages (leasing, pay-as-you-earn models, etc.).
The vigorous growth stimuli on this market are reflected in the budget figures for 1st DATA Solution:
2000 2001 2002
TDM TDM TDMSales 42,232 63,304 92,729 Profit on ordinary 3,668 6,195 9,801 activities
With this first acquisition since going public, TTL is now in a position to offer integrated IT packages from its own capacities in the entire UNIX world as well. In addition, 1st DATA Solutions consultancy activities fit in ideally with TTLs product philosophy, where customized, complete packages are increasingly being complemented by single-sourced consultancy support. The TTL Groups service capabilities have been very substantially strengthened by this acquisition.
The acquisition will be paid for by means of an increase in non- cash capital, by contributing the 1st DATA Solution stock and issuing new shares. The proceeds of the issue which accrued to TTL AG when it went public on 12 July 1999 will thus be available for purchasing other companies. The major investors in TTL will in future also include the Fair Invest Group (previously a co-partner in 1st DATA Solution), with a holding of approx. 25 %.
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