mutares AG acquires SHH GmbH SystemHaus Hemminger GmbH

mutares AG, Munich, acquired on April 24, 2009 all shares of SHH GmbH SystemHaus Hemminger (http://www.shhinfo.de/en/), a leading provider of geographical information systems for utility suppliers and big enterprises. Sellers are Stadtwerke Leipzig, founder and previous CEO Eberhardt Hemminger, as well as the regional utility suppliers Mark-E AG and Lister- und Lennekraftwerke GmbH. SHH, based in Esslingen/ Neckar (Germany) provides software development and consulting services and has branch offices in Berlin, Bochum, and Leipzig and a subsidiary in Wroclaw (Poland).

SHH offers solutions to enable utility suppliers to cut cost and increase effectiveness as well as the efficiency of their network and asset management, using standard software components and innovative technology. The company provides their customers with integrated services as well as a wide portfolio of software products including customized projects.

Dr. Axel Geuer (http://www.mutares.de/company/executive-board/dr-axel-geuer/en/), member of the mutares executive board is optimistic about the company’s future. “With their holistic approach in services, a focused process view and strong project management skills, SHH is well positioned for the future and will further expand its strong market position.” Michael Ohr, director of portfolio development and expert for enterprise software at mutares, added “The market of geographical information systems has a clear growth perspective. We are confident that we will be able to benefit from this trend and are considering expanding our product offering into related industries.”