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Columbus A/S Enters into Strategic Alliance with Abecon in Benelux; Maintains FY 2012 Financial Guidance; Abecon Acquires Columbus’ Subsidiary in Holland


Wednesday, 31 Oct 2012 11:04am EDT 

Columbus A/S (Columbus) announced that it has entered into a strategic alliance with Abecon in the Benelux. The strategic alliance will create a global partnership for the benefit of both companies and their customers, and strengthen Columbus' international position. As part of the partnership, Columbus and Abecon have signed a three-year franchise agreement, which will ensure a profitable alliance. The strategic alliance will consist of: Global Implementation Alliance (Abecon will be the preferred partner and franchise taker for Columbus in the Benelux, and Columbus will be the preferred partner for Abecon in all countries, where Columbus is represented) and Global Software Alliance (Abecon will intensify the sale of Columbus Software). In adiition, Abecon acquires Columbus’ subsidiary in Holland, whereby Columbus is transferring all business activities including customer contracts and contracts with employees in Holland to Abecon. The strategic alliance is not expected to impact the result for the fiscal year 2012. The announced expectations for the fiscal year 2012 are thus being maintained, and Columbus expects fiscal year 2012 revenues in the level of DKK 900 million and a fiscal year 2012 EBITDA in the level of DKK 50 million. 

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