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Cancom SE Acquires on line Datensysteme GmbH

Monday, 30 Sep 2013 03:42pm EDT 

Cancom SE announced that it signed an agreement to acquire 100% of on line Datensysteme GmbH in Berlin, Germany with effect from September 30, 2013. on line Datensysteme GmbH operates primarily in Germany as an IT-system house with a solution-based approach, that offers integrated solutions and concepts in the area of IT infrastructure. The portfolio covers consulting, integration & implementation, IT sourcing, services and support. The company has positioned itself as a long-standing partner for the public sector. In addition to the headquarter in Berlin, on line Datensysteme GmbH maintains several service centers in Germany. The company employs 87 people and achieved revenues of EUR 39.5 million in 2012 with an EBITDA of EUR 3.3 million. The purchase price will be paid by issuing 750,000 new CANCOM shares as part of a capital increase through a contribution in kinds of CANCOM SE. The capital increase in return for non-cash contributions will be executed from Authorized Capital to the exclusion of subscription rights. 

Company Quote

-0.67 -2.27%
4:22am EDT