CompuGROUP Holding AG

CompuGROUP Holding AG announces a voluntary cash offer to acquire Profdoc ASA, Norway

CompuGROUP Holding AG today announces a voluntary cash offer to acquire Profdoc ASA for NOK 30 in cash per share.

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merger, acquisition and takeover

Koblenz (euro adhoc) - Press release 21 April 2008

CompuGROUP Holding AG announces a voluntary cash offer to acquire   Profdoc  ASA, Norway

This announcement and the information contained herein are   restricted  and  are not for release, publication or distribution, in whole or in part,  in  or  into the USA, Canada, Australia or Japan.

CompuGROUP Holding AG ("CompuGROUP") today announces a voluntary cash offer  to acquire Profdoc ASA ("Profdoc") for NOK 30 in cash  per   share  (the  "Voluntary Cash Offer").  CompuGROUP  furthermore   announces  that  it  has  acquired  10.3 per cent of the shares in Profdoc.

The Voluntary Cash Offer represents  a  premium  of  15.4  percent   compared  to Profdoc's closing share price on 18 April 2008, the last trading  day  prior  to this announcement, and  a  premium  of  25.3 percent  compared  to  the  volume weighted average trading price in the four week period ending 18 April 2008.

@@start.t2@@. CompuGROUP's Voluntary Cash Offer is for NOK 30 in cash per share
      . The offer price represents a total consideration of NOK  596  million  for
         all outstanding shares in Profdoc
      . CompuGROUP has acquired 10.3 percent of the outstanding shares in Profdoc
      . The  completion  of  the  Voluntary  Cash  Offer  is  subject  to  certain
         conditions as outlined below

The complete details of the  Voluntary  Cash  Offer,  including  all  terms  and@@end@@

conditions, will be contained in the offer  document.  This  morning the  offer document has been submitted to Oslo Børs for final approval and is  expected  to be sent to Profdoc shareholders during the week  starting  21  April  2008.  The chairman of the board of Profdoc was informed of CompuGROUP's  consideration  to launch an offer in the evening of 18 April 2008.

The Voluntary Cash Offer will not be made  in  any  jurisdiction  in which  the making of  the  offer  would  not  be  in  compliance   with  the  laws  of  such jurisdiction.

Profdoc is a leading provider of healthcare information technology   for  private practice doctors and dentists, hospitals and laboratories in  the  Nordic  area. It has more than 48,500 users at more than 5,000 locations. The Company has  its main presence in   Norway,  Sweden  and  Denmark,  but  is  also  established  in selected other markets, including South Africa, Malaysia, Latvia and Greece.  As at year-end 2007, the Company had close to 300 employees.

The completion of the Voluntary Cash Offer will be  subject  to  the conditions summarised below, each one of which  may  be  waived   (wholly  or  in  part)  by CompuGROUP:

@@start.t3@@i)  Receipt  of  acceptances  which,  together  with  shares  acquired  by
            CompuGROUP in the market, represents more than 90 percent of the shares
            and votes outstanding;
      ii) That a confirmatory legal, financial/accounting and tax  due  diligence
            review of Profdoc has been completed with a, at the sole discretion  of
            CompuGROUP, satisfactory result;
    iii) That all necessary approvals and clearances from authorities have  been
            obtained on terms acceptable to CompuGROUP;
      iv) That no intervention will be made and no conditions will be imposed  by
            any other national or  international  authority  or  court  of  law  in
            connection with the  acquisition  that  the  CompuGROUP,  in  its  sole
            discretion, determines is unduly burdensome;
        v) That prior to completion of the Voluntary Cash Offer there has been  no
            material adverse change  to  the  value,  business,  assets  (including
            intangible  assets),  liabilities,  financial  condition,  earnings  or
            solvency of the Profdoc group taken as a whole; and
      vi) That the business of the Profdoc  group  prior  to  completion  of  the
            Voluntary Cash Offer has in all material respects been conducted in the
            ordinary course.

With respect to condition (ii) above, CompuGROUP's intention is to complete  its due diligence investigations prior to the expiry of the offer  period,  provided timely access to sufficient information and resources at Profdoc.

SEB Enskilda AS acts as CompuGROUP's sole financial advisor in the transaction.

For further information, please contact:@@end@@

CompuGROUP Holding AG Markus Georgi Head of the IR department Telephone: +49 (261) 8000 1238 E-Mail:

SEB Enskilda AS Telephone +47 21 00 85 00

About CompuGROUP Holding AG CompuGROUP is one of the leading  eHealth companies  in  Europe.  Its  software products, designed to support   all  medical  and  organizational  activities  in doctors' surgeries and hospitals, its  information  services  for  all  involved parties within the healthcare system and its webbased  personal  health   records contribute to safer and more efficient healthcare. The   services  of  CompuGROUP are centered on its unique customer base of around  300,000  doctors,  dentists, hospitals, associations  and   networks  as  well  as  other  service  providers. CompuGROUP operates in 9 European countries and currently employs  around  1,800 people.

* * *

The offer is not being made and will not be made, directly or indirectly, in  or into the United States, Canada,  Australia  or   Japan.  Any  and  all  materials related to the offer should not be sent or otherwise distributed in or into  the United States, Canada, Australia or Japan, whether by use of the  United  States mail or by any means or instrumentality of United States,  Canadian,  Australian or Japanese commerce (including, but without  limitation,  the  mail, facsimile transmission, telex, telephone and the Internet) or any   facility  of  a  United States, Canadian, Australian or Japanese national securities exchange,  and  the offer cannot be accepted by any such use, means or instrumentality, in  or  from within the United States, Canada, Australia or Japan. Accordingly, no  materials related to the offer will be, and must not be, sent or otherwise distributed  in or into or from the United States, Canada,  Australia or  Japan  or,  in  their capacities as such, to  custodians,   trustees  or  nominees  holding  shares  of Profdoc for  United   States,  Canadian,  Australian  or  Japanese  persons,  and persons   receiving  any  such  documents  (including  custodians,  nominees   and trustees) must not distribute or send them in, into or from the   United  States, Canada, Australia or Japan. Any purported  acceptance of  the  offer  resulting directly or indirectly from a violation of these restrictions will  be  invalid. No shares of Profdoc are being solicited from a resident of the  United  States, Canada, Australia or Japan and, if sent in response by a resident of the  United States, Canada, Australia or Japan, will not be accepted.

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ots Originaltext: CompuGROUP Holding AG
Im Internet recherchierbar:

Further inquiry note:
Ralf Glass
Vicepresident CEO support
Tel.: +49 (0)261 8000 1236

Branche: Software
ISIN:      DE0005437305
WKN:        543730
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: CompuGROUP Holding AG

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