CANCOM SE — M&A Activity 2005

Dec 21, 2005

News Details

Ad-hoc | 21 December 2005 14:31

CANCOM IT Systeme AG takes over assets of Holme & Co. Computersysteme+Lösungen

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— CANCOM IT Systeme AG takes over assets of Holme & Co. Computersysteme + Lösungen Jettingen-Scheppach, Germany, 21 December 2005 – Today CANCOM IT Systeme AG took over some of the assets of Holme & Co. Computersysteme + Lösungen GmbH and of Holme & Co. Computersysteme + Lösungen OHG. The absorbing company is CANCOM Deutschland GmbH, a subsidiary of CANCOM IT Systeme AG. In detail: the Mobile Computing and Apple divisions of the companies domiciled in the German town of Augsburg are being taken over, along with their specialised staff and their clientele. The takeover will enable CANCOM to considerably build up its presence in the fast-growing Mobile Computing market. If you have any queries, please contact: Armin Blohmann Investor & Public Relations Phone: +49 (0)8225 996 1051 Fax: +49 (0)8225 996 4 1051 E-mail to: armin.blohmann@cancom.de CANCOM IT Systeme AG Messerschmittstraße 20 89343 Jettingen-Scheppach Deutschland ISIN: DE0005419105 WKN: 541910 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart End of ad hoc announcement (c)DGAP 21.12.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: The purchase price for the assets is around EUR 1.0 million, approximately EUR 0.7 million of which is for inventories. The exact value of these inventories will be ascertained on reporting date, 1 January 2006 . The fact that Andreas Holme and the 19 staff are remaining with the company will ensure the smooth transfer of the customer contacts. The Document Management Systems division (DMS) will not be taken over, but still be operated and expanded by Dr Peter Holme and Ernst Holme under the umbrella of Holme & Co. Computersysteme + Lösungen. End of message (c)DGAP