13.03.2018
CANCOM SE DE0005419105
DGAP-News: CANCOM strengthens managed services offering internationally by purchasing British company Ocean Intelligent Communications Ltd
DGAP-News: CANCOM SE / Key word(s): Acquisition/Mergers & Acquisitions
CANCOM strengthens managed services offering internationally by purchasing
British company Ocean Intelligent Communications Ltd
13.03.2018 / 08:38
The issuer is solely responsible for the content of this announcement.
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CANCOM strengthens managed services offering internationally by purchasing
British company Ocean Intelligent Communications Ltd
- CANCOM buys 82.1 percent of Ocean Intelligent Communications Ltd, London
- Cooperation strengthens international market footprint in cloud and
managed services and enables synergies in the field of unified communication
and collaboration
- Founders and several members of the management team remain part of the
company as minority partners
Munich, Germany, 13 March 2018 - From now on Ocean Intelligent
Communications Ltd and CANCOM Group act as partners in the international IT
market. The future partnership has been sealed by CANCOM purchasing 82.1
percent of the shares of the British company. Ocean is a fast growing cloud
and managed services provider for unified communication, collaboration and
networking infrastructure.
The global client base and the services portfolio of Ocean strengthen
CANCOM's international business and managed service offering. With the
transaction the Management Board of CANCOM specifically aims at synergies
and cross selling potential in already existing markets of CANCOM and Ocean
as well as at expanding into new European regions. Therefore, the inclusion
of Ocean is an ideal next step on the strategic growth path of CANCOM: It
extends the international footprint, offers growth potentials in new markets
and contributes to the market consolidation.
"The products and solutions of CANCOM and Ocean are an excellent match. We
will accelerate the cloud managed services business and extend existing
client relationships internationally. Ocean will benefit from CANCOM's
customer reach and the leverage of our technology and service capabilities.
We are very glad, that together with Ocean we are able to reach the next
milestone in growing our business," said Thomas Volk, President and General
Manager of CANCOM SE.
The key members of the management of Ocean Intelligent Communications Ltd
will remain active in the business after the transaction to drive forward
the already fast growing business. In addition, the founders and several
managers remain minority partners of the company.
"At Ocean we are very happy to join CANCOM and become part of the group.
This will enable us to serve our large international customers better and it
will accelerate our business growth. CANCOM's unique cloud technology
platform AHP will be a key benefit and differentiator for us. The management
team is excited to continue Ocean's journey as part of CANCOM and to
participate actively in the future success," said Wayne Lloyd, CEO of Ocean
Intelligent Communications Ltd.
About CANCOM
As a 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
CANCOM's extensive expertise and an innovative portfolio that covers the
requirements of business IT for successful digital transformation with smart
business solutions and services in IT trends such as cloud computing,
analytics, enterprise mobility, or security. The internationally active
group of companies, employing around 2,900 people worldwide, and its
powerful partner network ensures presence and proximity to clients in
Germany, Austria, Switzerland, Belgium, and the United States, among other
locations. CANCOM SE, which is listed on the TecDAX and based in Munich, is
headed by Klaus Weinmann (Founder and CEO), Rudolf Hotter (COO), Thomas Volk
(President and General Manager) and Thomas Stark (CFO). The group achieves
an annual turnover of more than one billion euros per year.
Contact:
Sebastian Bucher
Manager Investor Relations
CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: [email protected]
www.cancom.de
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13.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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 News DGAP News Service
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663281 13.03.2018
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