DGAP-Adhoc: CANCOM IT Systeme AG: CANCOM IT Systeme AG takes over SYSDAT GmbH

CANCOM IT Systeme AG / Acquisition/Mergers & Acquisitions

29.07.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Jettingen-Scheppach, Germany, 29 July 2008 – CANCOM IT Systeme AG is to
acquire 100 percent of the shares in SYSDAT GmbH, which is headquartered in
Cologne. The purchase price of EUR 5.95 million will be paid out of
available liquid funds.
This step clearly shows that CANCOM IT Systeme AG is expanding its position
in the German systems integrator environment. As IBM Premier Business
Partner and HP Preferred Partner, SYSDAT GmbH is one of Germany's 15
biggest system integrators. In 2007 SYSDAT achieved revenues of EUR 80.3
million with 283 employees, a gross margin of EUR 20.7 million and an
EBITDA of EUR 1.5 million (German commercial code).

The Executive Board of CANCOM IT Systeme AG expects SYSDAT to achieve an
EBITDA of EUR 2.0 million in the medium term.

By remaining in their previous positions, SYSDAT's Managing Directors,
Manfred Hövel, Bernd Schüchter and Dr Markus Stöckler, vouch for the
company's continuity.

The contract of sale, which was signed today by the Executive Board, is
still subject to approval by the Supervisory Board of CANCOM IT Systeme AG.

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Information and Explaination of the Issuer to this News:

The CANCOM Group, formed in 1992, is a leading provider of IT
infrastructure and professional services. Being one of the largest German
systems houses CANCOM offers its customers a broad range of products and
services. As one of the most important partners of HP, Microsoft, Symantec,
Citrix, Apple and Adobe in Germany, CANCOM has crucial know-how in IT in
order to provide comprehensive solutions.
CANCOM employs around 1,300 staff, thereof 900 staff in the professional
services division, at more than 20 locations in Germany, Austria,
Switzerland and the UK.

Contact:
Thomas Stark
Director Finance
CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen
Tel.: 08225-996-1090
Fax: 08225-996-41090
mailto: thomas.stark@cancom.de


DGAP 29.07.2008 
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Language:     English
Issuer:       CANCOM IT Systeme AG
              Messerschmittstraße 20
              89343 Jettingen-Scheppach
              Deutschland
Phone:        +49 (0)82 259 96-1000
Fax:          +49 (0)82 259 96-41051
E-mail:       ir@cancom.de
Internet:     www.cancom.de
ISIN:         DE0005419105
WKN:          541910
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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