MADRAS Computer Vertriebsgesellschaft mbH, Vienna, Austria

All shares in MADRAS Computer Vertriebsgesellschaft mbH, Vienna, Austria, were acquired at the time of acquisition on 30 August 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 (135 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 (34 thousand euros).

With due regard to the total acquired net assets (248 thousand euros), the capital consolidation gave rise to a difference of 38 thousand euros which is recognised as goodwill.

With the acquisition of Madras Computer (12 employees), the Bechtle Group has established a first beachhead in the IT system house & managed services segment in Austria, and thus is continuing to implement its strategic goal of achieving geographical coverage in the region of Germany, Austria and Switzerland.

Since the acquisition and purchase price allocation of Madras Computer 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.