DGAP-News: adesso AG / Key word(s): Takeover
adesso expands its portfolio of e-health solutions through the takeover of start-up medgineering

19.10.2017 / 07:33
The issuer is solely responsible for the content of this announcement.


adesso expands its portfolio of e-health solutions through the takeover of start-up medgineering

adesso AG has acquired 100 % of the shares in medgineering GmbH, which is based in Halle (Westphalia). The company has developed a first-aider communication system for dispatch centres that notifies professional or voluntary first aiders in the immediate vicinity of an emergency as soon as an emergency doctor and ambulance are alerted. adesso will drive forward the country-wide expansion of the system to all dispatch centres in Germany on a revised technical basis. The purchase price was less than EUR 1 million. An earn-out agreement was also concluded with the former partner, who will continue to support the company in an advisory capacity. Potential revenue in Germany is less than EUR 10 million. The first positive contribution to earnings is expected in 2019.

The acquisition of medgineering represents a further expansion of adesso's portfolio of health industry solutions and offers access to additional customers at state and municipal public bodies and hospitals throughout Germany. adesso will also be able to integrate Germany's leading smartphone-based first-aider notification system solution into its portfolio, effective immediately. The system locates registered, medically trained first aiders and guides them to emergencies in their immediate vicinity using a smartphone app. The "mobile rescuer" reaches the patient in an average of four minutes - faster than a notified ambulance. More than 7,500 "mobile resucers" currently use the system in Germany. Approximately 5,000 alerts have been sent via the system, which currently serves five million people in Germany. By the rapid intervention of the mobile rescuers, many human lives could already be saved.

medgineering's expertise in the e-health segment makes it a good fit for adesso's strategy to expand its healthcare portfolio by including exciting new solutions. The Mobile Retter (Mobile Rescuer) system has received a number of awards and significant attention in the media. It is a comprehensive solution that complements the existing rescue process. The concept also supports the recruitment and training of first aiders, the provision of insurance coverage, the deployment follow-up process, and addresses issues including legal security and data protection.

The acquisition means that adesso's comprehensive expert knowledge in the areas of technology, insurance, data protection and service management will flow into medgineering's products. That will improve the quality of the system and significantly broaden its prospects. For example, the principle of mobile emergency notification could also be applied in cases where hospitals have an insufficient number of doctors on duty, or in private-sector plant safety applications. To ensure the sustainable development of the platform, Markus Lünsmann, head of the Microsoft area at adesso, will also take responsibility for medgineering GmbH as the managing director.
 

adesso Group
With over 2,400 employees and annual sales of EUR 261.0 million in 2016, adesso Group is one of the largest German IT service providers and has outstanding opportunities for growth. At its own locations in Germany, Austria, Switzerland, Turkey, USA and the UK as well as at numerous customer sites, adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product-portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. 2016, adesso was awarded as the best employer in the german IT-sector.



Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: ir@adesso.de


19.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: adesso AG
Stockholmer Allee 20
44269 Dortmund
Germany
Phone: +49 231 7000-7000
Fax: +49 231 7000-1000
E-mail: ir@adesso.de
Internet: www.adesso-group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London

 
End of News DGAP News Service

620299  19.10.2017 

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