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Ctac N.V. — M&A Activity 2009
May 6, 2009
3827_iss_2009-05-06_211287f7-01a2-4511-ad90-2357ebd4da54.pdf
M&A Activity
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P R E S S R E L E A S E
's-Hertogenbosch, 6 May 2009
Ctac further expands interests in SME activities
SAP-service provider Ctac N.V. (Ctac) announces that it buys the remaining minority interests in its subsidiaries Ctac MKB, mYuice All-in-One and mYuice Logistics. Ctac is now the full owner of its operations for small and medium sized enterprises (SME). The current management will continue to be associated with Ctac.
Ctac expanded its interests in Ctac MKB from 95% to 100%. Ctac's indirect holding in mYuice All-in-One, which focuses on SAP solutions for the SME branche, has expanded from 93.5% to 100%, after several purchases of shares over the past few years. Ctac's indirect holding in mYuice Logistics, which offers specialist and comprehensive logistics management solutions to the SME sector, has expanded from 83.7% to 100%. Ctac paid EUR 1.3 million in cash for the remaining minority interests.
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About Ctac
Ctac is an ICT services provider specialising in ERP solutions. Activities include implementation, integration and management of among other things SAP and Microsoft systems and related activities such as system upgrades and system optimisations. The company is a SAP Gold Partner and Microsoft Gold Partner in the Netherlands and Belgium. Furthermore, Ctac is the largest SAP reseller for medium-sized enterprises in the Netherlands. Ctac's clients include approximately 600 organisations, of each size and in several sectors. Ctac employed a staff of 480 at year-end 2008. Ctac is active in the Netherlands, Belgium and Germany with its corporate headquarters based in 's-Hertogenbosch (the Netherlands). Ctac is listed on Euronext Amsterdam (ticker: CTAC). For more information, please visit: www.ctac.nl.
For more information, please contact:
Ctac N.V. Goudsbloemvallei 30 Postbus 773 5201 AT 's-Hertogenbosch (the Netherlands) www.ctac.nl
Bart Hogendoorn – CEO T. 073-692 06 92 E. [email protected]
Jan-Willem Wienbelt – CFO T. 073-692 06 92 E. [email protected]