COMPANY PRESS RELEASE: EDS today announced the closing of its purchase of shares of Systematics AG, a leading German IT services firm. The shares acquired today - together with those already purchased by EDS in the public tender offer and the shares EDS has under contract to acquire through January 2002 -- represent approximately 98 percent of the outstanding shares.
On April 2, EDS announced its intent to purchase Systematics for approximately $570 million. Systematics had revenues of $570 million in 2000. On May 14, EDS reported the European Commission had cleared the acquisition. EDS’ tender offer for the remaining shares of Systematics shares opened April 9 and expired May 18.
