Beta Systems Software AG has officially completed its merger with teh previous Sparta AG, according to a company announcement. The merger was finalized with the entry in the commercial register. simultaneously, the previous Sparta AG has been renamed Beta Systems Software AG.

Following the effective date of the merger, Mr. Gerald Schmedding and Mr. Mirko Minnich have been appointed as board members of Beta Systems Software AG (formerly Sparta AG). Mr.Philipp Wiedmann’s board mandate concluded today.

Shareholders of the former Beta Systems Software AG will receive 1.29 shares of Beta Systems Software AG (formerly Sparta AG) for each share they held, based on the merger agreement’s exchange ratio. Further details regarding the stock market processing will be disclosed in a separate announcement in the Federal Gazette.

Beta Systems Software AG (formerly Sparta AG) will continue the operational activities of the previous Beta Systems Software AG.The board is maintaining the financial forecast for the current fiscal year 2024/25. However, the merger necessitates incorporating the expenses and income of the previous Sparta AG into the operational results forecast. The company anticipates that the group operating result before depreciation (