DGAP-News: CENIT AG / Key word(s): Investment CENIT AG acquires majority stake in Coristo GmbH 02.11.2015 / 09:08 --------------------------------------------------------------------- CENIT AG acquires majority stake in Coristo GmbH CENIT AG Drives Digital Transformation Stuttgart, November 2nd, 2015 - CENIT Aktiengesellschaft has acquired a majority stake in Coristo GmbH, the leading consulting enterprise for SAP product structure management. In this way, CENIT is expanding its competency and solution portfolio for end-to-end SAP ERP/PLM solutions and strengthening its position as a reliable partner to the manufacturing industry for digital transformation in the Industry 4.0 context. For decades, CENIT has been a strong provider of practical uses of enterprise software in optimizing business processes. Delivering innovative solutions to sharpen the competitive edge - for over 25 years, this has been the mission of CENIT's business model. As partner of Dassault Systèmes, IBM and SAP, CENIT supports clients in implementing digital transformation strategies by providing process and organizational consulting, IT strategy planning, system integration and international rollouts, and operating entire infrastructures. CENIT's success is based on a combination of sector knowledge, process understanding, deep technology knowhow and extensive practical experience gained in a wide range of projects. Coristo GmbH has established itself on the market on the strength of its unique competency in the SAP PLM sphere. The Coristo team relies on modern SAP standard software to implement complex requirements in the field of product structure, variant and change management and supports end-to-end business processes along the entire value chain. With their long-standing success record in working with auto makers, suppliers, machine and plant manufacturers and medical technology providers, the Coristo consultants can rapidly separate attainable targets from theoretical daydreams, implementing successful solutions that quickly prove their worth on the ground. SAP business software is frequently a core component of digital transformation processes within enterprises and plays a major role in implementing Industry 4.0 strategies. Effective immediately, CENIT is also the partner of choice for all matters related to another central consideration of Industry 4.0: The aspect of product structuring. We offer end-to-end modularization concepts for all facets from CAD methodology to functional modeling, application within the logistics chain and spare parts lists for predictive maintenance. The CENIT portfolio thus extends all the way from the early phases of strategy planning to professional operation of the implemented solution. "In the coming years, digital transformation and mega-topics like Industry 4.0 will be core issues for many of our clients. The 4th industrial revolution holds enormous opportunities - but the challenges for the IT industry are equally enormous. For this reason, CENIT will continue to expand its competency and portfolio to become an even more high-performing partner to our customers. The expertise and portfolio of the Coristo team are an ideal complement to those of CENIT, and enterprise values and culture are likewise a perfect match. We are pleased to be able to strengthen our team with these experts", says CENIT CEO Kurt Bengel. "CENIT offers us the ideal framework for continued growth and implementation of large-scale projects. As a small, highly specialized company, collaboration with CENIT gives us the means for keeping up with growing demand. Working with the CENIT team offers us the perfect conditions for becoming even more successful", say Beate Koch and Oliver Loose, directors and founders of Coristo GmbH. For further information, please visit www.cenit.com/sap. Characters inc. spaces: approx. 3600 / 515 words Press Contact CENIT AG Uta Keilhauer Communications Manager Industriestraße 52-54 70565 Stuttgart, Germany Tel.: +49 711 7825-3268 Fax: +49 711 782544-4220 Email: [email protected] CENIT For over 25 years, CENIT has been successfully active as a leading consulting and software specialist for optimizing business processes in the Digital Factory, Product Lifecycle Management (PLM), SAP Solutions, Enterprise Information Management (EIM), Business Intelligence (BI) and Application Management Services (AMS) fields. CENIT complements standard solutions by strategic partners such as Dassault Systèmes, SAP and IBM by providing well-established own software solutions. These include the FASTSUITE product family for software solutions in the Digital Factory field, cenitCONNECT for SAP PLM-related processes, cenitSPIN as a high-performance PLM Desktop, as well as CENIT ECLISO for efficient information management. The enterprise is represented at 17 locations in six countries and employs around 700 staff worldwide. CENIT's employees support customers primarily from the automotive, aerospace, mechanical engineering, tooling and molding, financial services, commercial and consumer goods industries. www.cenit.com --------------------------------------------------------------------- 02.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: CENIT AG Industriestraße 52 - 54 70565 Stuttgart Germany Phone: +49 (0)711 78 25 - 30 Fax: +49 (0)711 78 25 - 4000 E-mail: [email protected] Internet: www.cenit.com ISIN: DE0005407100 WKN: 540710 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 407559 02.11.2015