Exact completes sale of Lohn

Exact announces it has completed the sale of Lohn, its Germany-based payroll business, to Sage Software GmbH. The transaction has been approved by the German Federal Cartel Office (Bundeskartellamt).

Through the divestment of Lohn, Exact gains further focus on its core activities as a leading supplier of enterprise resource planning (ERP) and accounting software for small and medium-sized businesses (SMBs). Exact believes the German market continues to offer significant growth opportunities, specifically for Exact Online which was launched in Germany in the first quarter of 2014.

Exact will decide on the use of the cash proceeds of the divestiture with its full year results.

About Exact

Exact is a leading global supplier of business software. Since we began in 1984, our focus has shifted from supporting financial processes to providing a complete ERP offering for small and medium-sized businesses. Innovative solutions such as Exact Globe Next, Exact Synergy Enterprise and Exact Online support over 100,000 customers – local and international companies – in the daily management of their business.

Exact develops industry-specific on-premise and cloud solutions for manufacturing, wholesale and distribution, professional services and accountancy. Exact is headquartered in Delft, the Netherlands, and has been listed on the NYSE Euronext Amsterdam since June 1999. The company booked revenue of € 213 million in 2013.

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