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Press Release

The domination and profit transfer agreement between Software AG and IDS Scheer AG now registered

The operational integration of the two companies begins

Darmstadt, Germany, 2/12/2010

Software AG today announced that it has registered the domination and profit transfer agreement between SAG Beteiligungs GmbH and IDS Scheer in the commercial register at the Saarbrucken District Court. The agreement was registered on February 11th, 2010 and is therefore now legally valid. As a result of the registration, the integration of the operational processes of both companies will begin immediately. The two companies will be under common leadership and the expected cost synergies can now be realized. This will support Software AG’s projected revenue and earnings growth for fiscal year 2010.

The agreement was approved at an extraordinary general meeting of IDS Scheer AG on January 8th, 2010. No objections were filed by February 8th, 2010 allowing the agreement to be filed in the commercial register. Currently, the Software AG Group holds more than 91 percent of the equity shares of IDS Scheer AG. The remaining minority shareholders now have the right to compensation of € 15.10 per share as stated in the agreement. The cash settlement offer will be published shortly. IDS Scheer shareholders will be addressed by their custodians and informed about the offer and settlement procedures.

Independently of this action, Software AG intends to complete the takeover of IDS Scheer AG through a merger. As part of this merger process, the remaining minority shareholders will receive Software AG shares in exchange for the shares if IDS Scheer. For this reason, Software AG is currently buying back up to 400,000 of its own shares on the open market. Software AG expects that the full acquisition will be completed by the end of this year. 

Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Software AG is the world’s largest independent provider of Business Infrastructure Software. Our 4,000 global enterprise customers achieve business results faster by modernizing, integrating and automating their IT systems and processes. As a result, they rapidly build measurable business value and meet changing business demands. Based on our solutions, organizations are able to liberate and govern their data, systems, applications, processes and services – achieving new levels of business flexibility.

Our leading product portfolio includes solutions for high performance data management, developing and modernizing applications, enabling service-oriented architecture, and improving business processes. By combining our technology with industry expertise and best practices experience, our customers improve and differentiate their businesses – faster.

Software AG has 40 years of global IT experience and over 3,600 employees serving customers in 70 countries. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW). Software AG posted total revenues of €721 million in 2008.

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Software AG
Paul Hughes
Director Media Relations
Uhlandstrasse 12
64297 Darmstadt
Tel: +49 6151 92-1574
Fax: +49 6151 92-34-1574
Software AG
Norbert Eder
Vice President Corporate Communications
Uhlandstrasse 12
64297 Darmstadt
Tel: +49 6151 92-1146
Fax: +49 6151 92-1623