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Cancom SE signs purchase agreement on acquisition of DIDAS Business Services GmbH from Allgeier SE

Thursday, 10 Apr 2014 02:27pm EDT 

Cancom SE:Signs notarized purchase agreement with Allgeier IT Solutions AG (Allgeier SE) on acquisition of 100 pct of shares in DIDAS Business Services GmbH.DIDAS Business Services GmbH, located in Langenfeld (Rheinland), Germany, holds eight locations in Germany and offers portfolio of IT services and solutions in fields of managed- and cloud services.Within this portfolio, DIDAS has focus on design, implementation and transformation of contemporary IT-/cloud architectures.Customers are mid-sized companies as well as international enterprises.Purchase price to largely be paid in CANCOM-shares which to be issued as part of capital increase by way of contribution in kind.In addition, limited compensation has to be paid if CANCOM share price is going to fall below defined thresholds in period between closing date and admission of shares for trading on German stock exchange. 

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0.9 +2.62%
7:32am EST