KPS AG: ICE Consultants Europe SL to become part of KPS AG

KPS consequently pursuing its strategy of internationalization

ICE Consultants Europe SL to become part of KPS AG

Barcelona/Munich, August 1, 2017 - KPS AG, the European market leader in retail transformation consulting, has acquired ICE Consultants Europe SL, a leading Spanish SAP consulting partner. ICE will become a 100% subsidiary of KPS AG effective October 2, 2017. The acquisition strengthens KPS's position as a leading consultancy for digital business transformation in Europe.

ICE is headquartered in Barcelona, Spain, and was established in 2001 by three managers highly experienced in SAP and business process optimization. Over the past 15 years, ICE has built up an impressive and loyal client base in Spain, Germany, Switzerland, the Netherlands as well as North and South America. The multidisciplinary team of 100 consultants supports companies in the sectors of retail and wholesale, consumer products, automotive and pharmaceuticals. ICE provides Business Process consulting, SAP implementation projects and Application Management Services to clients such as Coca-Cola, Revlon, Sanofi or SEAT. ICE already at an early stage specialized in Design Thinking, standard and custom apps based on SAP Fiori, SAP Customer Relationship Management as well as S/4HANA upgrades and cloud projects.

KPS is the leading consulting partner for large and mid-size companies in the Retail, Wholesale, Fashion and Consumer Products segments in Europe. The company is a full-service provider of end-to-end strategy and process consulting including technology evaluation and implementation in Omnichannel and digital transformation projects. 800 consultants support companies such as Hugo Boss, Puma, Lidl, Fressnapf/Maxi-Zoo, Dansk Supermarked and Deichmann with their industry, process and technology know-how. KPS was founded in 2000, is headquartered in Munich, Germany, and has subsidiaries in Switzerland, Denmark, Austria, the Netherlands and the United States. KPS is listed in Prime Standard segment of the Frankfurt Stock Exchange. The Management expects consolidated sales of 160 Mio. Euros for the 2016/17 fiscal year.

"KPS has an outstanding reputation, our corporate cultures are very similar, and we look forward to being a part of this very successful company," states Lluís Sans, one of the founders and Socio Director at ICE. "We remain committed to our existing customers as always and from now on can offer them additional services. Joining forces with KPS puts us in a position to further strengthen our presence in Spain but also on an international level."

Leonardo Musso, one of the founders and CEO at KPS AG, adds: "With the acquisition of ICE we consequently pursue our international expansion strategy. In Europe, we are market leaders in fast-track digital transformation projects enabling our customers to become real-time Omnichannel players within the shortest time possible. We support them from backend to frontend - from inventory control to e-commerce to digital customer management. The team in Barcelona will advise our customers in the Spanish speaking markets and will also be part of our international hub for AMS-customers. ICE is thus the perfect addition to our company."

More information at www.kps.com and www.ice-consultants.com.

About KPS
KPS is Europe's leading management consulting firm for business transformation and process implementation in the retail sector. The company offers end-to-end strategy and process consulting, with extensive implementation expertise in digital customer management, e-commerce and ERP. KPS customers profit from the vast project experience and deep sector knowledge of its consultants, enabling them to drive omnichannel and digital transformation projects to rapid success. With its proprietary Rapid Transformation(R) methodology, KPS has cut project turnaround times by up to 50 percent. Founded in 2000, KPS employs about 800 consultants at its corporate headquarters in Munich with five additional locations throughout Germany and branch offices in Denmark, Austria, the Netherlands, Switzerland and the US. KPS plans to expand its market position in the retail and consumer goods sectors in the coming years through pioneering projects in all aspects of digital transformation.

Important note: This notification contains forward-looking statements based on the assumptions and estimates of the corporate management of KPS AG. Although management is of the opinion that these assumptions and estimates are accurate, actual future developments and results may differ considerably from these assumptions and estimates due to a variety of factors. These factors may include things such as changes in the overall economic environment, exchange rates and interest rates as well as changes in both the market and the competitive environment. KPS AG provides no guarantee and accepts no liability for future developments and the actual results achieved in the future matching the assumptions and estimates expressed in this press release.

KPS AG
E-M. Schober, Head of Corporate Marketing & Communications
Beta-Strasse 10H
85774 Unterföhring
Germany
Tel.: +49 (0) 89 356 31-0
presse@kps.com
www.kps.com

ICE Consultants Europe SL
Lluís Sans, Socio Director
Pau Clarís162-164
08037 Barcelona
Spain
Tel.: +34 93 467 00 90
info@ice-consultants.com
www.ice-consultants.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
82166 Gräfelfing/Munich
Tel.: +49 (0) 89 898 272-27
Email: sh@crossalliance.de