09.08.2018
CANCOM SE DE0005419105
DGAP-Adhoc: CANCOM acquires The Organised Group Ltd, parent company of UK IT solutions provider OCSL
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.
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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
[email protected]
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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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09-Aug-2018 CET/CEST 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 Announcement DGAP News Service
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712763 09-Aug-2018 CET/CEST
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