Mensch und Maschine Software SE (DB:MUM) agreed to acquire an additional 37.7% stake in SOFiSTiK AG on December 13, 2018. Under the terms of the agreement, Sofistik will enter Mensch und Maschine group via shareswap and the founders and management of SOFiSTiK will retain a 49% shareholding stake. The founders will leave the board of management in just under a year from now, but will remain active within SOFiSTiK as shareholders and members of the supervisory board. After the founders leave SOFiSTiK AG’s board of management, it will consist of current board members Frank Deinzer (Sales, Marketing, and Chairman) and Stefan Maly (Products). The transaction is expected to close on January 1, 2019. Beginning 2019, all group earnings ratios will be positively impacted. Mensch und Maschine Software SE (DB:MUM) completed the acquisition of an additional 37.7% stake in SOFiSTiK AG on January 1, 2019.