Perot Systems acquires SAP Services Provider

Perot Systems Corporation (NYSE: PER) announced today that it has signed a definitive agreement to acquire HighQ-IT for the manufacturing industry GmbH (HighQ-IT), a leading German IT services provider with SAP expertise.

The Munich-based company is one of nine special expertise partners in the automotive industry to be globally certified by SAP. With a delivery center in Bratislava, Slovakia, HighQ-IT is a business driven, IT innovation partner for select manufacturing industries, with a clear emphasis on delivering IT services in the SAP and enterprise solutions market.

The acquisition is projected to close during the second quarter of this year following approval from the Federal Cartel Office in Germany. Financial details of the acquisition were not disclosed.

"With its proven expertise in SAP implementation services, HighQ-IT is an excellent fit for Perot Systems," said Peter Altabef, President and CEO of Perot Systems Corporation. "Increasingly, our clients are demanding enterprise solutions, and this acquisition significantly enhances our global capacity to deliver them. We are delighted to welcome HighQ-IT to the Perot Systems team."

Klaus Holzhauser, senior consultant, Pierre Audoin Consultants (PAC) GmbH, commented on the acquisition: “The good positioning of HighQ-IT in the German SAP market in the sector of manufacturing, especially automotive, allows Perot Systems to significantly improve its own positioning in this environment. Furthermore Perot Systems increases its chance of also realizing larger projects with a broader delivery basis.”

This acquisition underscores Perot Systems’ commitment to the German and wider European marketplace, and will enable further growth in Germany, supporting local and global clients by leveraging the combined strength of both companies.

"HighQ-IT will complement our existing portfolio by bringing valuable domain expertise in the automotive, engineering and technology-based manufacturing industries," said Andreas Stein, Managing Director of Perot Systems Germany. "High client satisfaction and long-term relationships have earned it a strong reputation in the market. HighQ-IT is a great addition of talented people to Perot Systems.” 

“We are pleased to be joining forces with Perot Systems.  Our spectrum of services, our exclusive client base, and our talented employees fit exceptionally well into the business model and culture of Perot Systems,” said Hans Josef Nagel, Managing Director of HighQ-IT.  “Working together we will be able to provide our services on a significantly broader basis and with greater flexibility, to better meet the requirements of our global clients. By joining the Perot Systems family we will be able to support our clients worldwide and offer better advancement opportunities for our hard-working team.”

HighQ-IT, founded in 1989, brings a strong European presence servicing both global and local clients such as Audi, BMW, Daimler, General Motors Europe/Opel, Gildemeister, OSRAM, Pari Medical and Siemens.

In 2007, HighQ-IT reported revenue of €14.9 million.

Hans Josef Nagel and Thomas Popp will remain as the managing directors of HighQ-IT, charged with further developing an expanded market presence throughout Europe and delivering expanded value solutions to its clients.

In Germany, Perot Systems is headquartered in Frankfurt/Main and concentrates on business and IT solutions for clients in a wide range of industries, including telecommunications, manufacturing, travel and transport.  

Sourced From: Integrated Brand Comm Pvt. Ltd