P&I Personal & Informatik AG

euro adhoc: P&I Personal & Informatik AG
Mergers - Acquisitions - Takeovers
P&I takes over time management provider ZHS

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

01.04.2005

P&I Personal & Informatik AG is to take over the German-based ZHS group (Wiesbaden) with immediate effect in 2005. The acquisition gives HR software specialists P&I (also Wiesbaden-based), a 100 per cent share in ZHS Verwaltungs GmbH & Co. KG (limited partnership), which itself holds 100 per cent of ZHS Zeitmanagementsysteme Hard- und Software GmbH & Co. KG. The ZHS group generates annual sales of approximately two million euros.

For P&I's CEO Vasilios Triadis, the take-over is part of P&I's growth strategy and will strengthen P&I's position in the HR software solutions market. P&I sees time management as an area of potential growth.

The purchase will enable P&I to upgrade its LOGA Software to a com-plete solution for personnel work. Up to now, the software has encom-passed payroll accounting and personnel management. Time manage-ment as the third core component of human resources management will complement and round off the product portfolio. This step is a logical one for P&I in its consolidation of the subareas of personnel work.

end of announcement                                euro adhoc 01.04.2005 11:48:04
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Further inquiry note: Herr Andreas Granderath

Branche: Software
ISIN:      DE0006913403
WKN:        691340
Index:    Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade



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