Spin-off of the business divisions

Erschienen am 4/8/2020 | 2 Minuten zu lesen

SEVEN PRINCIPLES AG plans to spin-off its business divisions

Cologne, 8.4.2020. SEVEN PRINCIPLES AG (7P), a German IT consulting and service company with a focus on the digitalisation of business models, intends to spin off its three business divisions into three separate subsidiaries. The spin-off is still subject to the necessary approvals.

The independence of the business units with existing individual profit centres forms a logical next step in implementing the corporate strategy. As a result, SEVEN PRINCIPLES AG is more strongly aligned with its individual target groups and is focusing on the needs of the different customer segments.

The three business divisions are to be managed independently in the future and so be capable of more flexible control, which should make it easier to identify operational opportunities and risks. This stronger entrepreneurial focus is intended to facilitate more direct market- and competition-driven management of the business divisions. After the spin-off is completed, SEVEN PRINCIPLES AG will be purely a holding company for the corporate group.

The spin-off of the business divisions to the three subsidiaries requires the approval of the Supervisory Board and the Annual General Meeting of SEVEN PRINCIPLES AG as well as of the shareholders’ meeting of the subsidiaries. A resolution on the approval of the Annual General Meeting is to be passed on 18 June 2020.

 

 

About SEVEN PRINCIPLES AG

Enabling Your Digital Business: For SEVEN PRINCIPLES AG, headquartered in Cologne, this means standing by your side and realising your digital business models. Our three subsidiaries, Seven Principles Solutions & Consulting GmbH, Seven Principles Mobility GmbH and intomarkets GmbH have made it their mission to make your business more sustainable and digital. We help you through your digital transformation. With around 400 colleagues working at several locations in Germany and throughout Europe, we provide innovative IT solutions.

 

Press contact:

SEVEN PRINCIPLES AG
Helgrid Jenne
Telephone: 0221-92007-0
ir@7p-group.com

 

 

Disclaimer

Important note: This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy or to subscribe for securities. This communication does not constitute a securities prospectus. This communication and the information contained in it are not for distribution, directly or indirectly, within or into the United States of America, Canada, Australia or Japan.

 

 

 

Helgrid Jenne
Helgrid Jenne

Pressekontakt


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