M&A Activity • Jun 22, 2015
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 22 June 2015 07:30
AURELIUS acquires remaining shares in Getronics
AURELIUS AG / Key word(s): Acquisition
2015-06-22 / 07:30
AURELIUS acquires remaining shares in Getronics
– Acquisition follows on the company’s positive performance
– Getronics/Connectis Group to become an all-round IT consulting firm
– Above-average growth and rising profitability in 2015
Munich, June 22, 2015 – AURELIUS Group (ISIN DE000A0JK2A8) now owns 100% of Getronics. AURELIUS has held a majority interest in this international IT consulting firm since 2012, and now it has purchased the remaining 22 percent. “The acquisition of the remaining shares from Dutch Royal KPN is good for Getronics and AURELIUS,” said Dr. Dirk Markus, CEO of AURELIUS. “The company has grown its revenues and increased its profitability in the last two years, and we want to continue growing with the Getronics/Connectis Group.”
Since being acquired by AURELIUS, this international IT services provider has plotted a steady course of growth. Following the successful integration of the AURELIUS IT subsidiaries IDS, Telvent, and Steria, the Getronics/Connectis Group is now well on the way to becoming a leading provider in the ICT outsourcing market. “The synergies resulting from the integration will strengthen our company further, especially in Germany as one of our core markets, where now more than 600 highly qualified employees provide services to local and international customers,” said Matthias Täubl, the AURELIUS executive responsible for the Getronics/Connectis Group. “By means of further add-on acquisitions, we will be able to gain additional market shares on the strength of new products and services.”
The revenue forecast for 2015 confirms the positive trend. The Management expects to grow the company’s business at a faster rate than the market. Thanks to the successful dual strategy of regional closeness and international reach, the company has acquired prestigious new customers. Profitability is also expected to rise considerably. The synergies to be harnessed by means of efficiently interlinking national subsidiaries and partners will lower costs further on a long-term basis. The company will focus on systematically expanding its international presence.
Since being acquired by Aurelius in 2012, the company has successfully established itself as an independent provider of ICT outsourcing sources. Based on strategic partnerships with companies like Dell, Cisco, and Microsoft, the company has systematically developed its portfolio and successfully met the changing needs of customers. Thanks not least of all to the intensive cooperation with partners within the Getronics Workspace Alliance (GWA), the company has expanded the proportion of total revenues generated on higher-quality services. An only recently launched project that aims to further standardize and automate the offered services has already been very well received by existing and prospective new customers.
About Getronics:
The Getronics family is an ICT Services group consisting of the Getronics and Connectis brands and is owned by the AURELIUS Group, a holding company headquartered in Munich, Germany. With an extensive history that extends over 125 years, the Getronics family has approximately 6,000 employees in 18 countries across Europe, Asia Pacific & Latin America, and has a complete portfolio of integrated ICT services for the large enterprise and public sector markets. This includes Workspace, Applications, Communication, Data Centre, Cloud, Consulting, Product and Managed Services.
Getronics is the lead in the Getronics Workspace Alliance , a unique model that provides customers with a consistent IT service throughout the world, with one single point of contact and billing entity, delivering services to 90 countries. The GWA is ranked number 3 globally according to OVUM’s Managed/Maintained End-user Devices with a total of 7.4M assets.
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices in Munich, London, Stockholm and Madrid, AURELIUS acquires participations with development potential. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation in order for them to fully develop their potential.
Currently, the AURELIUS Group consists of 22 subsidiaries with locations in Europe, Asia, and the U.S.A. These include numerous traditional consumer brands, services businesses and a number of industrial enterprises. Companies are acquired based on strict investment criteria without focusing on any particular industry. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 – 0
Fax +49 (89) 544799 – 55
2015-06-22 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
370351 2015-06-22
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.