realTech AG, the Walldorf-based company that specializes in technical R/3 consulting, eCommerce as well as Enterprise Resource Management Software and is listed on the Neuer Markt in Frankfurt, announced plans to acquire an eBusiness solutions provider. The company to be acquired is headquartered in the US and is expected to achieve a yearly revenue of 22 –24 million US Dollars with its 200 employees. A letter of intent was signed last week. The preliminary agreement is based on the positive results of the due diligence audit. The final contract is due to be signed within the next months.
The acquisition confirms realTech's strategy to becoming a market leading technology consulting firm. It also increases the company's presence in the US – the most important IT market. After the contract has been signed, realTech will release a new, upward corrected forecast.
