M&A Activity • May 30, 2007
M&A Activity
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30 May 2007 – Qurius plans to acquire CDL System, a leading Microsoft partner in the Czech and Slovak Republics. CDL has about 100 employees and offices in Prague, Usti nad Labem, Zlin and Bratislava. Its profitable 2006 turnover was 6 million euro.
"We are already quite successful for a number of years on our local markets" says Vitezslav Kotrs, cofounder and Managing Director of CDL. "An international organization like Qurius offers a lot of new opportunities to support local subsidiaries of western European companies. It also enables us to cooperate with the international Qurius companies providing high quality resources on a cost efficient basis."
"Although the Czech and Slovak economies are developing very well, the main objective for us to execute this acquisition now are the immediate benefits we expect to achieve with the set-up of nearshoring facilities in a trustworthy environment. We know CDL and the management already for a long time, since they are one of the first members of our international alliance: the FAQT Group. Both availability and quality of the local resources are very good, but have become progressively scarse in Western Europe. We already executed joint projects with very positive feedback from all sides", says Qurius director Tom Stolk, responsible for the international business. Both parties aim to conclude the transaction after the summer period. The year 2007 will be used to increase the investments in nearshoring facilities of which the first (additional) results are expected in 2008.
CDL was founded in 1992 and is a Gold Certified Microsoft Partner on 6 competencies. CDL is a top-3 player in the Czech and Slovak Microsoft Dynamics market. CDL serves almost 100 Dynamics NAV customers and a large number of additional customers in Infrastructure Solutions and Design, Printing & Publishing. Besides serving a number of international customers CDL specializes in the vertical Manufacturing, Trade, Logistics and Professional Services. Further information is available on www.cdl.cz.
Qurius provides architecture, realization and systems management of Microsoft technology based business and IT solutions, including infrastructures. At 31.12.2006 Qurius employed over 725 staff members; its headquarters are located in Zaltbommel, the Netherlands. Its offices in Belgium, Denmark, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom serve over 1,700 clients. Qurius has been publicly listed on Euronext Amsterdam since 1998. On 18 December 2006, Qurius' shareholders authorized the merger with Watermark, which created Europe's largest Microsoft Dynamics partner. For further information, see www.qurius.com.
Qurius, Fred Hermans: telephone +31 (0)418 683 500 or [email protected].
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