DGAP-News: KPS AG

KPS AG: Hidden Champion Infront Consulting becomes part of the KPS Group

Hamburg/Munich, December 14, 2017 - KPS AG (GSIN: A1A6V4 / ISIN: DE000A1A6V48) and Infront Consulting & Management GmbH announce that Infront Consulting will become a 100% subsidiary of KPS AG at the beginning of 2018.

Infront Consulting & Management GmbH is the leading consulting boutique for digital strategy and transformation in the German-speaking countries. Numerous awards, such as the Innovation Award of Wirtschaftswoche in 2016 and 2017, two times in a row the "Hidden Champion" Award for the digitisation of Capital and WGMB as well as inclusion in the list of "Best Consultants" at brandEins in 2016 and 2017 underline the performance of the ambitious team.

As an independent brand, Infront Consulting will be the future spearhead of strategy consulting on digital transformation within the Group. At the same time, Infront Consulting's cross-industry approach gives retail specialist KPS strategic access to new customer segments.

"With this merger, KPS rounds off its portfolio of services as the leading advisory firm for digital transformation in strategy consulting. These offerings are unmatched in the market and range from the strategic development of new business models to successful implementation. This opens up considerable growth opportunities for both partners, which can now be exploited together," says Michael Tsifidaris, Chairman of KPS AG.

"Following the development of strategic, innovative business models, our customers also want us to support them in detailing, testing, implementing and scaling these new models. We can now meet these requirements with a strong partner at our side and thus continue our growth of the past years", says Thomas Sindemann, one of the managing partners of Infront Consulting.

The parties have agreed not to disclose the details of the merger.

About KPS
KPS is Europe's leading transformation partner for companies wanting to radically realign their business models to make them customer centric and implement innovative processes and technologies within a very short time window. KPS works with companies from many different industries and delivers all of our products and services from one source, from strategic realignment and sector-specific process chains right through to implementing cutting-edge technologies.

About Infront Consulting & Management
Infront Consulting was founded in Hamburg in 2004 and supports established companies through innovation and transformation to operate successful business models in the digital age. You can find Infront Consulting in Hamburg's "front row" - directly on the Jungfernstieg. From here, the team works in the entire German-speaking region and, by the way, carries the Hanseatic virtues - commitment, cosmopolitanism, calm - out into the world.

KPS AG
Beta-Strasse 10H
85774 Unterföhring
Germany
Tel.: +49 (0) 89 356 31-0
Fax: +49 (0) 89 356 31-3300
Email: isabel.hoyer@kps.com

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer-Strasse 2
82166 Gräfelfing/Munich
Germany
Tel.: +49 (0) 89 898 272-27
Email: sh@crossalliance.de