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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 10.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 262751 10.04.2014
DGAP-News: CANCOM signs purchase agreement on the acquisition of DIDAS Business Services GmbH
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