Columbus — M&A Activity 2018

Jan 2, 2018

Release no. 1/2018

With acceptance from all 238 shareholders in iStone AB, representing 100% of
the share capital, Columbus A/S completes the previously announced acquisition
of 100% of the shares in Swedish iStone AB, a leading provider of business
applications and e-commerce solutions in Sweden and Norway (cf. release no.
23/2017 of 30 November 2017).

All conditions in the offer have been fulfilled, and the closing procedure has
been completed. Columbus and iStone will therefore now start the integration of
the two companies.

“We are very pleased to be able to welcome iStone’s employees to Columbus.
iStone and Columbus are a perfect match both businesswise and culturally, and
together we can create even more value for our customers and reach our
strategic business goals”, says CEO & President in Columbus, Thomas Honoré.

The acquisition of iStone is a game changer for Columbus, which in one stroke
has increased revenue by 50% and is completely in line with Columbus’ vision of
becoming a global strategic partner leading customers in the digital
transformation of their business.

Strengthened market position

With the acquisition of iStone, Columbus has almost 2,000 employees globally
and hereby expands its global footprint, and at the same time becomes market
leading in the Nordic region.

As a supplement to Columbus’ expertise within business applications and IT
services, iStone contributes with deep expertise within e-commerce and a
broader ERP business. With a common industry focus on manufacturing, food,
retail and distribution companies, Columbus will also offer a complete solution
portfolio to customers globally.

Besides the common industry focus, iStone comes with a market leading position
within ERP solutions for the Swedish manufacturing industry. Combined with
Columbus’ complete industry solution portfolio for manufacturing companies it
opens new opportunities for creating further value for iStone’s existing and
new customers.

Integration will be initiated

The integration of iStone and Columbus will take place gradually over the
coming years. In the first phase iStone will continue its daily operation and
will be working on new business opportunities together with Columbus.

Columbus expects to be able to implement similar initiatives in iStone as done
in Columbus during the previous years which resulted in increased earnings
capacity in Columbus. The EBITDA margin in iStone is therefore expected to
increase over the coming years.

iStone will operate under the name “iStone a Columbus company”.

Ib Kunøe Thomas Honoré
Chairman CEO & President
Columbus A/S Columbus A/S
Contact for further information
Thomas Honoré, T: +45 70 20 50 00.

Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.