TOKYO and BIELEFELD, Germany, December 19 /PRNewswire/ --
- The Offer of NTT DATA EUROPE is Successful With More than 89 Percent of
itelligence AG Shares
- All Conditions for a Successful Transaction Have Been Fulfilled
- The Additional Two-Week Acceptance Period, as Required by German Law,
Starts on 20 December 2007 and Lasts Until Midnight of 2 January 2008
At expiration of the acceptance period of the voluntary public takeover
offer for itelligence AG, NTT DATA EUROPE, the wholly-owned subsidiary of
Japanese IT company NTT DATA CORPORATION, now has 89 percent of the shares of
the Bielefeld based SAP services provider at its disposal. Almost 76 percent
of the shares were tendered during the acceptance period that ended at
midnight of 13 December 2007. This includes shares of itelligence CEO Herbert
Vogel and his wife, who tendered about half of their itelligence shares.
Another stake of approximately 13 percent was secured through an agreement
with Nobel SA, so far the second largest shareholder of itelligence AG. With
all offer conditions having been fulfilled, an additional two-week acceptance
period follows, as required by German law. All itelligence shareholders who
have not yet offered their shares to NTT DATA EUROPE can do so in the period
from 20 December 2007 to midnight of 2 January 2008.
NTT DATA EUROPE will publish the final number of itelligence shares
tendered during the additional acceptance period on
http://www.nttdataeurope.com.
"We are very happy that the majority of itelligence shareholders have
accepted our offer", says Takashi Enomoto, Executive Vice President at NTT
DATA. "Now, we look forward to tapping the full potential of this partnership
together with itelligence."
Herbert Vogel, CEO of itelligence adds: "I am glad that our shareholders
have recognized the great benefits of this cooperation for our company. The
partnership with NTT DATA is a perfect strategic fit, and I am excited to
lead itelligence into the future with such a strong IT group behind us."
The transaction is part of NTT DATA's expansion of its global IT service
capabilities. The leadership of itelligence in the SAP environment and its
strong market position in the mid market are of great value for the Japanese
IT company. itelligence gains access to NTT DATA's multinational clients and
to the Asian region.
The offer document and all other relevant announcements and notifications
can be found at http://www.nttdataeurope.com.
About NTT DATA CORPORATION
NTT DATA CORPORATION is a quoted subsidiary of Nippon Telegraph and
Telephone Corporation. It offers a broad range of IT services including
consulting, systems integration and IT outsourcing. NTT DATA posted total
revenues of approx. JPY 1 trillion (Euro 7.0 billion)(1) for the year ended
March 31, 2007, and has more than 22,600 employees. Since 2005, NTT DATA has
taken various steps to develop the international business, including the
acquisition of the Revere Group in the US and the Shenzen East Net Co., Ltd.
in China. For more information visit the NTT DATA website:
http://www.nttdata.com.
About itelligence AG
itelligence AG is one of the leading international full-service providers
for solutions in the SAP environment. The company offers its customers a
tailored solution and service portfolio for the entire lifecycle of an IT
investment. The company employs more than 1,200 highly qualified people in 15
countries. In 2006, itelligence generated total sales of Euro 163.8 million.
For more information visit the itelligence website:
http://www.itelligence.de.
Important Information
This is neither an offer to purchase nor a solicitation of an offer to
sell shares in itelligence AG, nor an offer to purchase or sell any other
securities. The terms and conditions of the offer are being published in the
offer document as approved by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). Investors
and holders of shares in itelligence AG are strongly advised to read the
relevant documents regarding the takeover offer published by NTT DATA EUROPE
GmbH & Co. KG because they contain important information. Investors and
holders of shares in itelligence AG may receive these documents at the web
site http://www.nttdataeurope.com.
The information herein may contain "forward-looking statements".
Forward-looking statements may be identified, in particular, by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates", "will" or words of similar meaning and include, but are not
limited to, statements about the expected future business of NTT DATA
CORPORATION, NTT DATA EUROPE GmbH & Co. KG, itelligence AG or any other
entities. These statements are based on the current expectations of the
management of NTT
DATA CORPORATION and NTT DATA EUROPE GmbH & Co. KG and are inherently
subject to uncertainties
and changes in circumstances. NTT DATA CORPORATION and NTT DATA EUROPE
GmbH & Co. KG do not undertake any obligation to update the forward-looking
statements to reflect actual results, or any change in events, conditions,
assumptions or other factors.
(1) Based on the average exchange rate of approx. 150 JPY/EUR for the
period from April 1st, 2006 to March 31st, 2007 (source:
http://www.oanda.com/convert/fxhistory).
Media contact
NTT DATA:
Sara-Lisa Cavallaro,
Hering Schuppener Consulting,
Tel: +49-69-921874-68
itelligence:
Silvia Dicke,
Head of Media Relations,
Tel: +49-521-9144-8107
Investor Relations contact (at itelligence)
Katrin Schlegel,
Head of Investor Relations,
Tel: +49-521-9144-8106
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