The acquisition would open up CENIT's market access to France and the Benelux countries. In 2016, Keonys is expected to generate sales of around 56 million euros; the company employs circa 160 members of staff. CENIT will finance the expected acquisition price of approximately EUR 6 million from existing liquid assets.

Additional information:
ISIN: DE0005407100
WKN: 540710
Stock-exchange symbol: CSH
Market segment: Regulated market (Prime Standard) at the Frankfurt Stock Exchange

CENIT Aktiengesellschaft
Industriestraße 52-54
70565 Stuttgart
Germany

Contact Investor Relations
CENIT Aktiengesellschaft
Tanja Marinovic
Tel.: +49 (0)711 - 7825 - 3320
Fax: +49 (0)711 - 7825 - 44 4320
E-Mail: t.marinovic@cenit.de

CENIT AG published this content on 21 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 December 2016 07:28:10 UTC.

Original documenthttp://www.cenit.com/en_EN/news/display/news-detail/article/ad-hoc-announcement-cenit-ag-intends-to-acquire-the-french-software-implementation-specialist-keonys.html

Public permalinkhttp://www.publicnow.com/view/71F0D59A137DD1B9A87B76203BB36306E3DB4FC8