BadenData GmbH, Offenburg

All shares in BadenData GmbH, Offenburg, were acquired at the time of acquisition on 18 March 2008.

The recognition of the company acquisition on the balance sheet occurred using the purchase method (IFRS 3.16 et seq.).

In addition to the appointed assets and liabilities accrued from the acquired company, a customer base (140 thousand euros) was newly identified pursuant to the IFRS 3 in connection with IAS 38. In the course of capitalising the customer base, which is depreciated over five years, deferred tax liabilities were created (41 thousand euros).

With due regard to the total acquired net assets (201 thousand euros), the capital consolidation gave rise to a difference of 100 thousand euros which is recognised as goodwill.

With the acquisition of BadenData (5 employees), the Bechtle Group has further strengthened its presence in IT system house & managed services segment by having its own location in the economically- attractive Ortenau district. BadenData GmbH has meanwhile been renamed Bechtle GmbH.

Since the acquisition and purchase price allocation of BadenData viewed individually is immaterial for the Bechtle Group, it will be shown in the balance sheet at the time of initial consolidation pursuant to IFRS 3.68 summarised with the other individually viewed immaterial acquisitions and their purchase price allocations at the end of this Item VIII.