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RNS - CANCOM IT Systeme AG joins the list of top-ranking integrated systems providers in Austria following its takeover of a+d

Company: CANCOM SE Date: 2007-10-17 Language: English Register to download

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 News Details

Ad-hoc | 17 October 2007 14:37

#   

CANCOM IT Systeme AG joins the list of top-ranking integrated systems providers in Austria following its takeover of a+d

**CANCOM IT Systeme AG / Acquisition**

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CANCOM IT Systeme AG joins the list of top-ranking integrated systems
providers in Austria following its takeover of a+d

Jettingen-Scheppach, Germany, 17 October 2007 - CANCOM IT Systeme AG, a
leading provider of IT infrastructure and professional services, has
acquired 100 percent of the shares in a+d Computersysteme und Bauteile
Vertriebsgesellschaft mbH in Vienna-Perchtelsdorf, Austria.

Integrated systems provider a+d Computersysteme und Bauteile
Vertriebsgesellschaft mbH concentrates on the marketing of mobile IT
solutions and is based at eight locations throughout Austria. One of a+d’s
most distinctive products is its combined case, notebook and printer system
which it develops and produces to meet individual customer specifications
and is very widely used by the sales representatives of leading Austrian
insurance companies. In addition, ongoing support is provided to most of
a+d’s key account customers by means of service and maintenance contracts.

Turnover at a+d was just below EUR 21 million for the financial year ending
30 September 2007. The company employed a workforce of 71. Average EBIT for
the last three financial years stands at EUR 0.6 million.

The deal is made up of a fixed component of EUR 2.25 million and a variable
component based on the company’s performance up to the end of 2010. Both
former owners of the company, Peter Abrahamczik and Franz Jakits, will
remain on the company’s management board.

The purchase of a+d puts CANCOM IT Systeme AG in the list of top-ranking
integrated systems providers in Austria and will allow it to push ahead
with its plans for strategic expansion in the country’s promising IT
market. The takeover is expected to generate synergies that CANCOM can
exploit to offer its customers an even more comprehensive range of
solutions.

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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.


Martina Mikschl
Specialist Public Relations

CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Germany

tel.: +49 (0) 8225 / 996 1015
fax.: +49 (0) 8225 / 996 4 1015
martina.mikschl@cancom.de
www.cancom.de



17.10.2007  Financial News transmitted by DGAP
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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:       Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
 
End of News                                     DGAP News-Service
 
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