X. Scope of Consolidation

The following table shows the companies acquired during the reporting period, in each of which Bechtle AG acquired 100% of the interests:

All business combinations were accounted for using the acquisition method. The identification and measurement of newly identified assets remain provisional.

The following table shows the fair values of the assets and liabilities at the respective initial consolidation date:

In addition to the assets and liabilities already recognised by the acquired companies, whose carrying amounts corresponded to their fair values, customer relationships amounting to €8,984 thousand were recognised separately as identifiable assets and measured at fair value on the acquisition date.

The recognition of newly identified assets resulted in deferred tax liabilities of €1,723 thousand. Taking into account the total acquired net assets of €17,955 thousand, capital consolidation resulted in a provisional difference of €27,715 thousand, which is recognised as goodwill. This goodwill is not recognised for tax purposes and primarily reflects revenue synergies resulting from the expanded portfolio and the opportunities arising from managed services contracts.

The consideration for the companies acquired in the first half of 2026 (€45,670 thousand), net of cash acquired, resulted in a cash outflow of €26,465 thousand. The purchase agreement for RIS includes a contingent purchase price payment of €10,671 thousand.

No material impairment allowances are required for the acquired receivables.

Founded in 2000, Portuguese IT systems integrator RIS 2048 – SISTEMAS INFORMÁTICOS E COMUNICAÇÕES, S.A. (RIS) is headquartered in Aveiro, with additional offices in Lisbon and Porto. The acquisition adds IT consulting and services to Bechtle direct Portugal’s existing portfolio. As of the reporting date, RIS and EVONIC employed 165 people and primarily served enterprise and mid-market customers. Revenue in 2025 was over €50 million.

With the acquisition of Budapest-based PLM specialist EuroSolid Zrt., Bechtle AG expands its presence in Hungary through the country’s largest Dassault Systèmes SOLIDWORKS partner. Founded in 2009, the company employed 24 highly qualified people as of the reporting date and generated revenue of €3.5 million in the previous fiscal year. The managing shareholders will continue to lead the company. By acquiring EuroSolid, Hungary’s leading SOLIDWORKS provider in the Eastern European economic region, Bechtle is expanding its PLM activities to nine European countries.

Since their acquisition, the companies have contributed a combined €24,460 thousand to revenue, comprising €12,901 thousand from RIS, €10,359 thousand from EVONIC and €1,200 thousand from EuroSolid, and €814 thousand to earnings after tax, of which RIS contributed €161 thousand, EVONIC €564 thousand and EuroSolid €89 thousand. Had the acquisitions taken place at the beginning of the reporting year, the Bechtle Group would have generated revenue of €3,307,957 thousand during the reporting period (RIS: €14,991 thousand, EVONIC: €11,469 thousand, EuroSolid: €2,068 thousand). Earnings after tax would have amounted to €102,515 thousand (RIS: €217 thousand, EVONIC: €646 thousand, EuroSolid: €228 thousand).

Acquisition after the reporting date

On 7 July 2026, Bechtle acquired operating companies Interforce Networks BV and Interforce Hosted Solutions BV. Interforce is an established managed services provider for mid-sized companies in the Netherlands and strengthens Bechtle’s offering in modern workplace solutions, cloud networking, cloud hosting and communication services. Founded in 2002 and headquartered in Hazerswoude-Dorp, the company employs 38 people and generated revenue of €11.3 million in fiscal year 2025. Bechtle plans to merge the company with subsidiary PQR in 2027.