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ots Ad hoc-Service: AC-Service AG <DE0005110001> AC-Service strengthens SAP consulting competency

Stuttgart (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Framework agreement about share in Swiss SAP consulting company
Process Partner AG signed
AC-Service intends to extend the cooperation with Swiss Process
Partner AG, CH-St Gallen, and to consolidate it even further through
financial and managerial linkages. A framework agreement to this
effect has just been signed. Accordingly, AC Service AG will acquire
an interest of 40% in the correspondingly increased share capital and
appoint the majority of the members of the board. This will make it
possible to fully incorporate sales and operating results into the
group statement as from this date. In addition, the agreement
stipulates an option for the acquisition of the remaining 60% of
shares by AC-Service.
At the end of 1999, Process Partner AG had a total staff of 14,
among them 13 SAP consultants. In the previous fiscal year, the
company showed sales amounting to approx. DEM 5 million and an
excellent operating profitability. The consulting company has been
awarded the Quality Award from SAP, and with ProServ it is offering
the only SAP-qualified industry-specific solution for the services
business industry in Switzerland. The application of such an
industry-specific software substantially speeds up the implementation
of SAP R/3 especially in medium-sized companies; the implementation,
consulting and customising expenditure can be reduced. In addition,
the combination of AC-Service with its many years of experience in IT
outsourdng and the profound industry know-how and Industrie-specific
solutions of Process Partner AG is opening up new possibilities for
AC-Service as an Application Service Provider (ASP) for selected
segments of the services business sector.
With this share, AC-Service will reach another milestone in its
co-operation and acquisition policy clearly focusing on IT service
providing.
For further information, see www.ac-service.com
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