KRONBERG I. TS., Germany & HAMBURG, Germany--(BUSINESS WIRE)--Accenture (NYSE: ACN) has completed the purchase of a 62% majority shareholding in SinnerSchrader, one of the leading digital agencies in Germany. The completion follows clearance from the antitrust authorities.
Accenture previously announced its plans on February 20, 2017 to drive the expansion of its digital agency, Accenture Interactive, in Germany, Austria, and Switzerland with the acquisition of SinnerSchrader to deliver end-to-end customer experience services to clients.
“We are combining the scale and reach of the world’s largest digital agency with the creativity, digital expertise and keen market knowledge of a leading digital agency in Germany,” said Brian Whipple, head of Accenture Interactive. “Together, we’re bringing our unique model to clients in Germany: part creative agency, part business consultancy, and part technology powerhouse – all laser focused on creating the best customer experiences on the planet.”
“Our work and our clients will benefit greatly from this unique combination,” said Matthias Schrader, CEO of SinnerSchrader, who, after a transition period, will lead Accenture Interactive in Germany, Austria and Switzerland. “Linking SinnerSchrader’s proven digital expertise to Accenture Interactive’s connected offering and truly global network will unlock next-generation customer experience and digital transformation services for companies and brands in Germany. Becoming part of Accenture Interactive also means exciting new opportunities for our talent.”
“Together, we are building Accenture Interactive as the leading agency for a holistic customer experience offering in Germany that helps clients digitally transform in an experience-led economy,” said Rainer Balensiefer, head of Accenture Interactive for Germany, Austria and Switzerland. “We are committed to preserving SinnerSchrader’s interdisciplinary culture and studio network which will be crucial to drive the expansion of Accenture Interactive across Germany.”
With the acquisition of the majority shareholding, Accenture is taking another important step towards the combination of its agency business with SinnerSchrader, following the formal launch of its public tender offer for the acquisition of the remaining SinnerSchrader AG shares on March 27, 2017.
Accenture is offering 9.00 euros per share which represents an attractive premium of 58% over the 12-month volume-weighted average share price and 31% over the 3-month volume-weighted average share price before the announcement on February 20, 2017. The acceptance period of the tender offer ends on May 8, 2017. SinnerScharder AG’s management and supervisory board recommended to accept the offer of Accenture in their statement pursuant to §27 WPÜG on April 6, 2017.
The public tender offer document as well as further information on the progress of the process and contact information for shareholders are available at http://accenture.de/company-acquisition.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 401,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture Interactive helps the world’s leading brands transform their customer experiences across the entire customer journey. Through our connected offerings in design, marketing, content and commerce, we create new ways to win in today’s experience-led economy. Accenture Interactive was ranked the world’s largest and fastest-growing digital agency in the latest Ad Age Agency Report. To learn more follow us @accenturesocial and visit www.accenture.com/interactive.
SinnerSchrader is one of Europe’s leading digital agencies with a focus on the design and development of digital products and services. Its team of more than 500 build marketing solutions for brands including Allianz, Audi, comdirect bank, ERGO, Telefonica, TUI, Unitymedia and VW. Founded in 1996 and a public company since 1999, SinnerSchrader has offices in Hamburg, Berlin, Frankfurt, Munich, Prague and Hanover.
The public tender offer will be executed solely based on the offer document which will be made available at http://accenture.de/company-acquisition. This press release does not constitute an announcement pursuant to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) nor any other laws or regulations applicable to the intended takeover offer. This press release does not constitute an invitation to make an offer to sell shares in SinnerSchrader AG or an offer to purchase shares in SinnerSchrader AG. Accenture will not carry out a takeover offer under any jurisdiction other than Germany, particularly not in the United States of America, Canada, Australia or Japan. The shares referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or any other jurisdiction of the USA. Securities may only be offered or sold within the USA pursuant to, or in a transaction not subject to or exempt from, the registration requirement of the Securities Act. There will be no public offering in the USA. The offer referenced herein is not being made, directly or indirectly, in or into the United States, or by use of the mails, or by any means or instrumentality (including, without limitation, e-mail, facsimile transmission, telephone and the internet) of interstate or foreign commerce in the United States, or of any facility of a U.S. national securities exchange, and the offer cannot be accepted by any such use, means, instrumentality or facility or from within the United States.
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