DGAP-News: CANCOM SE / Key word(s): Acquisition/Contract
CANCOM signs purchase agreement on the acquisition of DIDAS Business
Services GmbH
10.04.2014 / 20:27
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CANCOM signs purchase agreement on the acquisition of DIDAS Business
Services GmbH
Munich, Germany, April 10, 2014 - CANCOM SE today has signed a notarized
purchase agreement with Allgeier IT Solutions AG on the acquisition of 100
percent of the shares in DIDAS Business Services GmbH. On March 18, 2014,
CANCOM and Allgeier already announced that it has signed a letter of intent
to acquire DIDAS Business Services GmbH.
DIDAS Business Services GmbH, located in Langenfeld (Rheinland), Germany,
holds eight locations in Germany and offers a portfolio of IT services and
solutions in the fields of professional-, managed- and cloud services.
Within this portfolio, DIDAS has a focus on design, implementation and
transformation of contemporary IT-/cloud architectures. The customers are
mid-sized companies as well as international enterprises. The company
employs 260 people and achieved revenues of approximately EUR 56 million in
2013 and an EBITDA of approx. EUR 1.8 million.
The purchase price will largely be paid in CANCOM-shares which will be
issued as part of a capital increase by way of contribution in kind. In
addition, a limited compensation has to be paid if the CANCOM share price
is going to fall below defined thresholds in the period between closing
date and the admission of the shares for trading on the German stock
exchange. The acquisition is still subject to the approval by the antitrust
authorities.
The acquisition enables CANCOM to deploy economies of scale and to expand
its business with cloud solutions by enlarging its customer base. "Our
customers' advantage is not only the significantly larger know-how and
resources in consulting and professional services. Especially, the
opportunity to have parts of their IT architecture or their complete IT
environment run on the basis of a certified and state-of-the-art cloud
platform, SLA and ITSM compliant, promises enormous business potential",
says Dirk Kiefer, who stays Managing Director of the company operating
under the name CANCOM DIDAS GmbH in the future.
Contact:
Beate Rosenfeld
Manager Corporate Communication & IR
CANCOM SE
Erika-Mann-StraÃe 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: beate.rosenfeld@cancom.de
www.cancom.de
End of Corporate News
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10.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: CANCOM SE
Erika-Mann-StraÃe 69
80636 München
Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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262751 10.04.2014
DGAP-News: CANCOM signs purchase agreement on the acquisition of DIDAS Business Services GmbH
| Source: EQS Group AG