SQS Software Quality Systems AG Completion of acquisition of Galmont Consulting (7789X)

TIDMSQS

RNS Number : 7789X

SQS Software Quality Systems AG

02 September 2015

2 September 2015

SQS Software Quality Systems AG

("SQS" or the "Company")

Completion of acquisition of Galmont Consulting LLC ("Galmont")

Software Quality Systems AG (AIM:SQS), the world's largest specialist supplier of software quality services, announces that, further to its announcement of 27 August 2015, the Company has completed the acquisition of the entire issued share capital of Galmont (the "Acquisition").

As part of the initial consideration SQS will issue 375,134 ordinary shares and application will be made in due course for the initial consideration of shares to be admitted to trading on AIM.

Enquiries:

 
SQS Software Quality Systems AG                Tel. +49 (0) 2203 91 
                                                54 0 
Diederik Vos, Chief Executive Officer 
Rene Gawron, Chief Financial Officer 
Numis Securities - Nomad and Joint Broker      Tel +44 (0) 20 7260 
                                                1000 
Simon Willis / Jamie Lillywhite / Mark Lander 
 
Westhouse Securities - Joint Broker            Tel. +44 (0) 20 7601 
                                                6100 
Robert Finlay / Antonio Bossi 
Walbrook PR - Financial Media and Investor     Tel. +44 (0)20 7933 
 Relations                                      8780 
Paul Cornelius / Sam Allen / Nick Rome          sqs@walbrookpr.com

About SQS

SQS is the world's leading specialist in software quality. This position stems from over 30 years of successful consultancy operations. SQS consultants provide solutions for all aspects of quality throughout the whole software product lifecycle driven by a standardised methodology, offshore automation processes and deep domain knowledge in various industries. Headquartered in Cologne, Germany, the company now employs approximately 4,100 staff. SQS has offices in Germany, UK, US, Australia, Austria, Egypt, Finland, France, India, Ireland, Italy, Malaysia, the Netherlands, Norway, Singapore, South Africa, Sweden, Switzerland and UAE. In addition, SQS maintains a minority stake in a company in Portugal. In 2014, SQS has generated revenues of EUR268.5million.

SQS is the first German company to have a primary listing on AIM, a market operated by the London Stock Exchange. In addition, SQS shares are also traded on the German Stock Exchange in Frankfurt am Main.

With over 8,000 completed projects under its belt, SQS has a strong client base, including half of the DAX 30, nearly a third of the STOXX 50 and 20 per cent of the FTSE 100 companies. These include, among others, Allianz, Beazley, BP, Commerzbank, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters, UBS and Volkswagen as well as other companies from the six key industries on which SQS is focussed.

For more information, see www.sqs.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

This information is provided by RNS

The company news service from the London Stock Exchange

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September 02, 2015 02:00 ET (06:00 GMT)

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