All For One Steeb AG

VINCI Energies is launching a public tender offer for all outstanding shares of All for One, a German digital infrastructure services specialist listed on the Frankfurt Stock Exchange. The cash offer of €67.50 per share represents a 104.9% premium to the 3-month volume-weighted average price and a 95.5% premium to the Xetra closing price on 15 July 2026. All for One generated €500 million in revenue in fiscal year 2025 with 3,000 employees serving more than 4,500 Mittelstand customers across Germany, Austria, Switzerland, and Poland. Major shareholders holding 54.7% of the share capital have agreed to tender their shares, and both the Supervisory Board and Management Board support the offer, which is subject to a minimum acceptance threshold of 75% plus one share and customary closing conditions including merger control clearances. The acquisition would strengthen VINCI Energies' Axians digital infrastructure services segment, which recorded €1.1 billion of the brand's total €3.8 billion revenue in 2025, by adding next-generation ERP and AI capabilities.