Continuity and Sustained Growth / Major Shift
Filderstadt, 08 February 2011 – An important step in the direction of continuity and more sustainable growth is on the horizon for All for One Midmarket AG. As part of a split-off, the approximately 73% of the shares that BEKO HOLDING AG holds to date in the automotive, machinery and project services specialist and SAP full-service provider are to be transferred to CROSS Informatik GmbH, which belongs to CROSS Industries AG and will then hold about 62% of the shares of All for One Midmarket AG. This action was approved by the annual general meeting of BEKO HOLDING AG on 4 February 2011. Some 11% of the shares in All for One will remain with BEKO.
»This direct majority interest in All for One guarantees us outstanding automotive expertise and the related SAP solutions«, said a pleased Stefan Pierer, who as CEO of CROSS Industries AG is focusing this Austrian industrial holding group on the automotive sector and wants to implement the same strategy in the IT sector. All for One has already taken over the software maintenance and parts of the application management of the SAP systems at the CROSS Industries subsidiary Peguform GmbH, Bötzingen.
All for One chief executive officer Lars Landwehrkamp: »Our high-gear business development is the reason for having set this agenda. Together with CROSS, to which Peguform, KTM, Pankl Racing and other important supplier companies belong, we want to realise additional growth and value creation potential, and once again significantly enhance our already good visibility as an SAP full-service provider«.
The All for One supervisory board has extended the directors’ contracts with chief executive officer Lars Landwehrkamp and chief financial officer Stefan Land ahead of time until 2015 in order to continue with the strategy of being a leading SAP full-service provider. The All for One supervisory board chairman Peter Brogle had this to say about it: »We are building on this continuity, and are certain that by doing so we will have reinforced the basis for further success«. Stefan Pierer: »Under the leadership of these two directors, All for One has grown and developed exceptionally well in recent years despite a difficult economic environment«.