DGAP-Adhoc: CANCOM acquires The Organised Group Ltd, parent company of UK IT solutions provider OCSL

2018. augusztus 09., csütörtök, 15:55





DGAP-Ad-hoc: CANCOM SE / Key word(s): Mergers & Acquisitions/Takeover


CANCOM acquires The Organised Group Ltd, parent company of UK IT solutions provider OCSL


09-Aug-2018 / 15:55 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




CANCOM acquires The Organised Group Ltd, parent company of UK IT solutions provider OCSL



Munich, Germany, 9 August 2018 - Today, representatives of CANCOM Group and shareholders of The Organised Group Ltd, West Sussex, UK, and of one associated real estate entity signed a contract to acquire 100 percent of the shares of both companies by a UK-based subsidiary of CANCOM SE ("transaction"). The Organised Group is the holding company of IT services and solutions provider OCSL, the associated business owns real estate used by OCSL. The total volume of the transaction amounts to around GBP 29 million. Of this GBP 26 million is paid in cash. The remaining part is settled by issuing 12.5 percent of the shares of the acquiring UK-based subsidiary of CANCOM SE to OCSL executives, who continue working for the company.



Under this transaction, OCSL becomes part of the CANCOM Group. OCSL is a UK provider of cloud and on premise IT solutions, consultancy and support. It offers a broad portfolio of IT products and services to its clients, ranging from cloud and managed services, IT architecture design and strategic consultancy to data center services as well as hardware and software. With OCSL acting as future hub for CANCOM Group"s UK activities, the transaction creates a major player in the country"s IT market utilising the combined product portfolios, capabilities and partner relationships of OCSL and CANCOM. At the same time, it establishes a substantial UK-based branch for the international managed services business of CANCOM Group.



As a group, OCSL with its more than 200 employees generated revenues of over GBP 70 million with 5.5 percent EBITDA margin in the last full financial year before the acquisition.



Notifying company:

CANCOM SE, Erika-Mann-Straße 69, 80636 Munich, Germany

ISIN DE0005419105, Frankfurt Stock Exchange (TecDAX, Prime Standard)



Contact/Notifying person:

Sebastian Bucher, Manager Investor Relations

+49 (0)89 540545193

sebastian.bucher@cancom.de


 






Information and Explanation of the Issuer to this News:

About CANCOM

As Digital Transformation Partner, CANCOM guides businesses into the digital future. The CANCOM Group"s business-oriented IT solution range encompasses consulting, implementation and services. Clients benefit from extensive expertise and an innovative portfolio that covers business IT requirements for a successful digital transformation. IT trends such as cloud computing, analytics, enterprise mobility or security are addressed with smart business solutions and services.

The CANCOM Group operates internationally and has more than 3,000 employees worldwide. Together with a powerful partner network, many geographies enjoy market presence allowing close client proximity including Germany, Austria, Switzerland, Belgium, the United Kingdom and the United States. CANCOM Group is headed by Klaus Weinmann (Founder and CEO), Rudolf Hotter (COO), Thomas Volk (President and General Manager) and Thomas Stark (CFO). The company"s headquarter is in Munich, Germany. CANCOM SE is listed on the Frankfurt Stock Exchange in the index TecDAX (ISIN DE0005419105) and the group achieves an annual turnover of more than one billion euros.





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Language: English
Company: CANCOM SE

Erika-Mann-Straße 69

80636 Munich

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, DE0005419105
WKN: 541910, 541910
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




712763  09-Aug-2018 CET/CEST







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