The merger of SYCOR GmbH with the consulting subsidiary of Allgeier SE planned since November 2018 will not take place. The reasons are the converging views on the strategic road map up to a public listing of the new holding company and the organisation, management and branding of the merging companies.
Aside from ending the merger talks, Sycor has also stopped the search for a partner. Instead, it will continue to pursue the strategic goal of becoming the leading full-service provider for SAP and Microsoft services in the IT consulting market under Ottobock Holding.
The already existing collaboration with the medical technology company Ottobock SE & Co. KGaA will be bolstered. Sycor will obtain the necessary financing for the planned growth from the parent company.
In the medium term, there are still plans for Sycor to go public. To do this, the company will be transformed to a European Company (SE) in 2019, giving it a legal form that can be listed on the exchange.
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