Mummert & Company exclusively advised AURELIUS on the sale of the healthcare activity of brightONE to T-Systems

Munich, 20 December 2013

MUMMERT & COMPANY EXCLUSIVELY ADVISED AURELIUS ON THE SALE OF THE HEALTHCARE ACTIVITY OF BRIGHTONE TO T-SYSTEMS

Mummert & Company, an independent Corporate Finance advisory based in Munich, exclusively advised AURELIUS on the sale of the healthcare software and IT services business of its portfolio company brightONE to T-Systems International GmbH.

T-Systems, the IT subsidiary of Deutsche Telekom AG, for which the transaction represents a further step in becoming an integrated player in the healthcare IT segment. The former business units of the Finland-based Tieto Group in Germany and the Netherlands have been generating total annual revenues of approximately EUR 110 million in recent years. Within this total, revenues of around EUR 20 million are attributable to the healthcare activities. T-Systems is also acquiring the service and maintenance business run from India alongside the German and Dutch units. This strategic acquisition gives Deutsche Telekom’s IT subsidiary access to the lucrative German and Dutch healthcare markets, which is reflected in the purchase price accordingly. The transaction is subject to approval by the relevant antitrust authorities.

The new owner, T-Systems, knows the company very well as it has been brightONE HC’s biggest customer. The two companies have enjoyed a strong business relationship going back many years. The move provides T-Systems with the best possible strategic access to the healthcare market. “We’re absolutely delighted to announce this success,” says Dr. Dirk Markus, CEO of AURELIUS. “Everyone involved will benefit from this move. The employees and the activity have found a strong partner and T-Systems can position itself in the burgeoning healthcare market.” In its short time as an AURELIUS subsidiary, brightONE has performed extremely well. The main product of the healthcare activity is iMedOne, an innovative, all-round hospital information system.

The healthcare business being spun off from brightONE is number four in the German market. Besides iMedOne in Germany, the core business mainly comprises activities involving hospital databases. The iMedOne and iMedOne mobile hospital information systems support processes in hospitals in many different ways. Both systems provide a major contribution to economic efficiency and enhanced quality, and make the work of both doctors and nursing staff much easier. “The acquisition is the most important step for our business segment this year. As a result, we will become one of the leading providers in this high-revenue sector,” said Dr. Axel Wehmeier, Head of the Health Solutions business of T-Systems. The service and maintenance business will be run from India as before.

Harald Maehrle, managing partner at Mummert & Company, states: „One year ago, we have advised AURELIUS on the acquisition of brightONE group from Tieto. The carve-out of the healthcare business was the logical next step and T-Systems is the perfect buyer. We are very pleased that we could again support AURELIUS on this very successful transaction and want to thank AURELIUS for its trust in Mummert & Company. AURELIUS has again proven to be a reliable buyer of corporate spin-offs and demonstrated its ability to build sustainably profitable companies, thereby securing jobs long term.”

Today, Friday, December 20, 2012 at 3.00 pm CET the Executive Board of AURELIUS will conduct a telephone conference for interested investors and members of the press. To sign-up, please send an email to investor@aureliusinvest.de.

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Mummert & Company is a leading corporate finance advisor, with particular experience in the sectors TMT, Industrial Technologies, Life Sciences, Energy and Business Services. With offices in Munich, Vienna, London and Princeton (USA), Mummert & Company provides advisory services for the purchase or sale of companies or shareholdings (mergers & acquisitions), for the raising of equity capital (venture capital, private equity or the capital markets) and debt capital, for restructurings, for valuations (fairness opinions) as well as for the privatization of government-owned enterprises.

Detailed information about Mummert & Company is available at
www.mummertcompany.com

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Mummert & Company Corporate Finance GmbH
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80538 Munich
Tel. +49 (89) 23 23 77 30
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info@mummertcompany.com

This release was published on openPR.