ADP acquires German payroll company, Taylorix AG; to sell its European facilities management business.ROSELAND, N.J.--(BUSINESS WIRE)--Dec. 19, 1996--Automatic Data Processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , Inc., has acquired Taylorix AG, Arthur F. Weinbach, president and chief executive officer, announced today. Terms of the transaction were not disclosed. Taylorix, with revenues of about $40 million and about 9,000 clients, is a leading provider of payroll and accounting services in Germany. Commenting on the acquisition, Mr. Weinbach said, "Acquiring Taylorix solidifies our position as the premier provider of payroll, human resource, and employer services in Europe." In a separate agreement, ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. agreed to sell its European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. business, with revenues of about $100 million, to Axime S.A., a French information technology services company. The transaction is expected to close in January. ADP, with over $3.5 billion in revenue and more than 375,000 clients, is one of the largest independent computing computing - computer services firms in the world. CONTACT: Arthur Schmidt & Associates, Inc. 212/953-5555 |
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