APL Italiana is a leading provider of investment and portfolio management software for the Italian insurance
\nmarket. The company is based in Milan and has approximately 120 employees. In 2016, APL Italiana
\ngenerated revenue of EUR 16.6m and EBIT of EUR 4.8m.<\/p>\n
The acquisition will be effective on 1 July, 2017, and closing of the agreement is planned to be 1 August, 2017.
\nSimCorp expects the acquisition to increase its revenue by 2% and have no material impact on EBIT margin
\nin 2017.<\/p>\n
Following the acquisition, APL Italiana will be renamed SimCorp Italiana and form the basis of SimCorp\u2019s new
\nItalian market unit with the aim of strengthening SimCorp\u2019s position in the Italian market. SimCorp expects to
\nrealize synergies from harmonizing development and consulting services across the two organizations.
\nFurther, SimCorp expects the acquisition to present cross-sales opportunities with SimCorp Dimension.<\/p>\n
APL Italiana\u2019s software solution, SOFIA, will continue to exist to address the specific needs of the Italian
\ninsurance market. The solution will be renamed SimCorp Sofia. The management team of APL Italiana will
\nstay and are committed to continue their work in the company going forward.<\/p>\n
Commenting on the acquisition, SimCorp CEO, Klaus Holse says: \u201dFollowing the recent client wins in Italy and The SimCorp shares that are part of the purchase price will be subject to a lock-up restriction. They will be SimCorp has signed an agreement to acquire all shares in APL Italiana S.p.A. (APL Italiana) for a total
\nSpain, the acquisition of APL Italiana helps us further establish our position in Southern Europe. In addition to
\na strong development organization, APL Italiana has a well-developed consulting and services business. This,
\nand more than 100 new employees with IT and asset management knowledge, will be an asset for us when
\nfurther building our position in this and other markets. All in all, I see APL Italiana as a perfect match for us
\nand I am proud to welcome their employees and clients to the SimCorp family.\u201d<\/em><\/p>\n
\nreleased to the sellers of APL Italiana with 1\/3 per year during the three years following closing, with the last
\nshares being released following the announcement of SimCorp\u2019s 2019 results.
\nSimCorp will in connection with the acquisition issue new shares with a total value of EUR 10m. Further details
\non the issuance of shares will be announced separately. <\/p>\n","protected":false},"excerpt":{"rendered":"
\nenterprise value of EUR 35m. This includes EUR 10m in SimCorp shares. The purchasing price will be adjusted
\nupwards with estimated EUR 3m upon closing of the agreement.<\/p>\n","protected":false},"author":20,"featured_media":64153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,1437,2007],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/64155"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=64155"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/64155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/64153"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=64155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=64155"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=64155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}