Software AG and IDS Scheer formally tie the knot

The operational integration of the two companies now begins….

“IDS Scheer AG today announced that it has registered the domination and profit transfer agreement between SAG Beteiligungs GmbH and IDS Scheer on 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.

As of February 15th, the two companies will be under common leadership and the expected cost synergies can now be realized. Thereby, Software AG will support its projected revenue and earnings growth for fiscal year 2010.”

For the full press release visit http://www.ids-scheer.com

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