CANCOM SE — M&A Activity 2001

Nov 12, 2001

News Details

Corporate | 12 November 2001 17:06

Cancom IT Systeme AG english

CANCOM Ltd. acquires the business assets of Apple dealer MacLine Ltd. Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Jettingen-Scheppach, 12 November 2001: CANCOM Ltd., the majority-held subsidiary of CANCOM IT Systeme AG (German securities code: WKN 541 910) based in Guildford, Surrey, has acquired the business assets of MacLine Ltd. with effect from 8 November 2001. Ten former employees of MacLine will be retained to continue operations without interruption in service. Administration and logistics will in future be handled from CANCOM Ltd.’s headquarters in Guildford, an efficiency measure which will create significant potential for savings. MacLine, a well-established Apple dealer based in Cambridge, achieved a sales figure of around DM 20 million last year. MacLine will be reopened as AppleCentre Cambridge, once again providing a specialist contact for the regional creative professional market. Coming just over a month after CANCOM’s takeover of the operations of Mygate Ltd., the MacLine deal will further expand CANCOM’s Apple business in Britain. The company’s objective is to become Apple’s largest authorised distributor in Britain. The extremely successful concept of regional CANCOM service centres combined with central logistics – which within a very short time has made CANCOM IT Systeme AG the market leader in Germany in the field of desktop publishing and Europe’s number one Apple distributor – is now proving a success in Britain too. For more information please contact our ir-department: Tel.: +49 8225/996 1051 Fax.: +49 8225/996 1033 Mail: ir@cancom.de CANCOM IT Systeme AG (German securities code: WKN 541 910), based in Jettingen- Scheppach in Germany, is the European market leader in the area of desktop publishing (DTP). This fast-growing company, with almost 700 staff and 17 offices in Germany, Austria, Switzerland, France and Britain, is aiming for sales of over DM 475 million for the current year, and earnings before interest and tax of between DM 7 and 10 million. With its systems house division, CANCOM is a unique example of the value added chain in the DTP market. It is also strongly represented in the field of software distribution by Tendi AG: – As Apple’s largest European partner, the CANCOM systems house supplies its media and marketing b2b customers with high-end IT systems and services. – This is backed up by an extensive consultancy and training programme run by the consulting division, which belongs to the systems house. Tendi AG is the dominant specialist in active software marketing to professional users in Germany, Switzerland and Austria. CANCOM’s proximity to customers in all the countries in which it operates, and its centralised logistics, ensure that it can offer expert, personal and fast Pan-European service at favourable terms. end of message, (c)DGAP 12.11.2001