SNP Expands Portfolio by Acquiring Software Specialist EXA AG
Heidelberg, February 25, 2021 – SNP Schneider-Neureither & Partner SE, a world-leading provider of software solutions for digital transformation processes and automated data migrations in the SAP environment, is expanding its software portfolio in the SAP environment and extending its offering to include additional solutions and services. For that purpose, the company now signed an agreement to acquire 74.9% of Heidelberg-based EXA AG. EXA is a leading provider of transformation solutions in financial management, in particular on the areas of operational transfer pricing and global value chains.
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EXA’s solutions enable companies to manage their supply chains with software support and monitor their internal transfer prices transparently and efficiently. This is a decisive advantage, especially for globally operating companies. In addition, the acquisition will increase the share of recurring revenues within the SNP group.
EXA was founded in 2012 and currently employs about 140 people, of which around 30 are based in Germany and around 110 in India.
“EXA AG is a perfect addition to our existing offering. It strengthens our software segment, deepens value creation and allows us to offer our customers additional solutions that go beyond the actual data transformation,” says Michael Eberhardt, CEO of SNP. “We are pleased that Divya Vir Rastogi, CEO and co-founder of EXA, will remain on board and join forces with us to drive the growth of both companies forward.”
“This step heralds the next stage of EXA’s development. Together with SNP, we can open up important markets even faster and are looking forward to the future collaboration. Here, we are also focusing on continuity with regard to our close collaboration with SAP,” explains Divya Vir Rastogi. The remaining 25.1% will remain with a company owned by him.
From the strategic expansion of its portfolio SNP expects to generate strong synergies in the areas of Go-to-Market and product development which will have a positive impact on earnings of the group.
About SNP
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.
The SNP Group has around 1,500 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated preliminary revenues of around EUR 143 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705) and was admitted to the SDAX® in March 2020. Since 2017, the company has been trading as a European company (Societas Europaea/SE).
More information is available at www.snpgroup.com
