All for One Group increases its majority stake in All for One Poland to 100%
All for One Group SE is to acquire the remaining stake of approx. 49% of the shares in its Polish subsidiary All for One Poland (formerly SNP Poland) from SNP Schneider-Neureither & Partner SE, effective 22 December 2022 // The complete takeover will boost the Group’s power to implement SAP S/4HANA transformations and deliver international projects.
Filderstadt, 22 December 2022 – All for One Group SE, leading consulting and IT Group, is to acquire the remaining stake of approx. 49% of the shares in the Polish consulting company All for One Poland – formerly SNP Poland Sp. z o.o. – from SNP Schneider-Neureither & Partner SE. The full-service provider of digitalisation and integrated transformation had acquired a majority stake (of approx. 51%) in the former SNP Poland Sp. z o.o. back on 1 October 2021. The transfer of shares was planned back then by means of reciprocal put and call options from 2023 onwards or at the end of financial year 2024 at the latest. Neither company is disclosing the sale price.
»By acquiring the entire company, we are boosting our power to implement the full technical scope of SAP S/4HANA conversions, a skill we are increasingly requiring for our large base of SAP customers. The complete integration of the team of around 420 colleagues based in Poland and their huge experience in an international environment will also enable us to focus more strongly on major international projects«, explains Michael Zitz, Co-CEO of All for One Group. »We have been collaborating with what is now All for One Poland for more than a year now, and very much appreciate the extensive expertise and outstanding professionalism of our Polish colleagues.«
»The acquisition of the remaining stake to bring us to 100% of the shares is very definitely aimed at driving growth at All for One Group«, adds Stefan Land, Chief Financial Officer at All for One Group. »Our good and close partnership with SNP will not suffer at all, quite the contrary. When transforming our customers to SAP S/4HANA, we will continue to use both SNP’s CrystalBridge® software and the selective data migration approach using SNP BLUEFIELD™.«