DGAP-Adhoc: AC-Service AG Successfully Wraps Up Corporate Sale

AC-Service AG / Disposal/Strategic Company Decision

19.05.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AC-Service AG Successfully Wraps Up Corporate Sale

AC-Service and SD Worx sign acquisition agreement / Negotiations on the
sale of ACCURAT Informatik GmbH successfully completed / Important step
toward strategic focus on the SAP midmarket segment

Stuttgart, May 19, 2008 – AC-Service AG, Stuttgart and SD Worx (SD Diensten
nv), Antwerp, have successfully completed the exclusive negotiations they
announced on February 14, 2008. The related acquisition agreement on the
purchase by SD Worx of all of AC-Service’s shareholdings in ACCURAT
Informatik GmbH was signed today. The sale price was EUR 10.1 million and,
according to preliminary calculations, will lead to a one-time book profit
of about EUR 3 million in AC-Service AG’s consolidated financial
statements. The bulk of the sale price will be paid in cash.

The successful conclusion of the sale of ACCURAT marks yet another
milestone toward strategically focussing on the SAP midmarket segment. The
divestiture also strengthens the consolidated balance sheet and enables the
needed investments to continue moving forward with the AC-Group’s robust
growth strategy. In 1st quarter 2008, AC-Service had a plus in sales of 19%
compared to the corresponding prior-year quarter, and in so doing reported
significant growth in sales revenues for the 9th quarter in a row.

ACCURAT Informatik GmbH, Dreieich, with an average number of 91 employees,
posted external sales of some EUR 10.4 million in 2007. Its range of
offerings encompasses human resource services on the basis of a proprietary
payroll accounting solution, which primarily addresses non-SAP users on the
German market.

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Information and Explaination of the Issuer to this News:

Background Information on AC-Service AG

Operating primarily in Germany, Austria and Switzerland, AC-Service is an
industry focussed IT full service provider for the mid-sized business
market. Market observers rank AC-Service among the leading companies
serving the German-language market for SAP. AC-Service AG features a number
of established brands including AC, All for One, Process Partner and KWP.
Originating in Switzerland, the AC-Group has been operating for over 45
years, offers a sustainable track record and serves over 1,000 clients.
With wide-ranging expertise in the whole of the IT value chain, AC
implements integral solutions providing SAP licenses and software
maintenance, industry solutions, business consulting, business
intelligence, managed services on a »leading edge technology« basis, human
capital management as well as HR business process outsourcing. With its
outstanding service culture and extensive industry know-how, the AC-Group
makes claim to a quality leadership with excellent customer satisfaction
and service quality. AC-Service pursues a clear growth strategy and expects
sales of around EUR 82 million to 85 million in 2008 without the ACCURAT
division (»discontinued operations«). AC-Service AG is listed in the Prime
Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN
511 000) and is a subsidiary of BEKO HOLDING AG, which owns approximately
55% of its stock.

www.ac-service.com/english


Background Information on SD Worx

SD Worx is a leading European HR Services provider which services more than
40.000 clients across Europe. SD Worx offers payroll services, HR
automation and social and legal advice in more than 20 European countries
either via its own subsidiaries or via its partner network. SD Worx
headquarters is based in Belgium. The company employs 1.700 people and
handles 960.000 payrolls every month. Recently SD Worx also acquired
companies in the Netherlands and France.

www.sdworx.com


Contact:
AC-Service AG, Dirk Sonntag, Tel. 0049 (0)711 78807-260, eMail
dirk.sonntag@de.ac-service.com


DGAP 19.05.2008 
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Language:     English
Issuer:       AC-Service AG
              Schockenriedstr. 7
              70565 Stuttgart
              Deutschland
Phone:        07 11-7 88 07-260
Fax:          07 11-7 88 07-222
E-mail:       info@de.ac-service.com
Internet:     www.ac-service.com
ISIN:         DE0005110001
WKN:          511000
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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