CANCOM SE — M&A Activity 2010

Nov 29, 2010

News Details

Ad-hoc | 29 November 2010 23:45

CANCOM IT Systeme AG: Acquisition significantly expands CANCOM’s cloud business

CANCOM IT Systeme AG / Key word(s): Acquisition

29.11.2010 23:45

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Jettingen-Scheppach, Germany, 29 November 2010 - German IT architecture
company, systems integrator and managed services provider CANCOM IT Systeme
AG acquires through its subsidiary CANCOM IT Services GmbH from Austrian
company Plaut Aktiengesellschaft the SAP hosting and IT services division
of its German subsidiary Plaut Systems & Solutions GmbH.

This move will expand the product portfolio of cloud architect CANCOM to
include cloud services (IT as a service). The purchase price is variable,
and is in the mid-single-digit million euro range. The contract is still
subject to board approvals and other conditions precedent.

The core of the acquisition is the purchase of Plaut Systems & Solutions
GmbH's data centre, in Ismaning, near Munich, Germany, where Plaut is
already providing SAP hosting, SAP maintenance and SAP Basis consulting to
70 customers in Germany. With the help of its cloud solution CANCOM AHP
Private Cloud, CANCOM can now offer these customers complete, integrated IT
services, such as an SAP ERP system and a Microsoft Office environment
including email infrastructures, as a cloud service for a fixed monthly
fee.

The acquisition brings CANCOM into the top ten of SAP hosting provider and
of the IT as a service provider in Germany. In the current financial year,
the division has already generated EBIT of about EUR 1.4 million and sales
revenues of about EUR 5.0 million through the assets to be acquired. The
extended cloud offering covering all aspects of IT as a service is to be
expanded rapidly and will contribute significantly to CANCOM's group
profitability, with stable EBIT margins above 30 percent.

Contact:
Beate Rosenfeld
Corporate Communication Specialist

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

Tel.: +49 (0) 8225 / 996 1015
Fax: +49 (0) 8225 / 996 4 1015
mail to: beate.rosenfeld@cancom.de
www.cancom.de

29.11.2010 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Deutschland
Phone: +49-(0)8225/996-1000
Fax: +49-(0)8225/996-1033
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart

End of Announcement DGAP News-Service

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