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CANCOM: CANCOM acquires S&L based in Mülheim-Kärlich

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DGAP-News: CANCOM SE / Key word(s): Mergers & Acquisitions/Takeover
CANCOM: CANCOM acquires S&L based in Mülheim-Kärlich
14.07.2022 / 10:30
The issuer is solely responsible for the content of this announcement.

CANCOM acquires S&L based in Mülheim-Kärlich

  • CANCOM acquires 100 percent of the shares in all subsidiaries of the system house and IT service group based in Mülheim-Kärlich

  • S&L Group generated revenue of approximately € 15 million in the financial year 2021 and currently has around 100 employees

Munich, Germany, 14 July 2022 - Yesterday, the Executive Board of CANCOM SE signed an agreement to take over the operating subsidiaries of the S&L Group. CANCOM acquires 100 percent of the shares in S&L Systemhaus GmbH, S&L BusinessSolutions GmbH and S&L ITcompliance GmbH from the parent company S&L Holding GmbH.
The S&L Group is active as an IT service provider for its customers in western Germany and focuses on services and managed services in the Microsoft and Citrix environment as well as on consulting, sales and the implementation of software and hardware. In addition, the group's portfolio includes offers in the area of IT security, IT compliance and data protection as well as individual software programming of its own products, among others.

The S&L Group, headquartered in Mülheim-Kärlich, generated revenue of around € 15 million in the 2021 financial year with an EBITDA margin of around 12 percent. Despite the Corona pandemic and the global IT supply chain problems, revenue grew by more than 10 percent last year compared to the previous year. The group of companies works for a diversified customer base in the German SME sector with a focus on the logistics, health and automotive sectors, among others, but also has a broad customer base in the municipal sector. Currently, about 100 employees work for the group.

The transaction is in line with the strategic vision CANCOM 2025 and strengthens the CANCOM Group in the DACH region, which is the focus of the communicated strategy.
"S&L represents an ideal regional addition to our CANCOM portfolio in Rhineland-Palatinate and enriches us with outstanding expertise, particularly in the areas of managed services, network technologies and IT compliance. We are also pleased to have the opportunity to welcome well-qualified employees to the CANCOM Group," says Rudolf Hotter, CEO of CANCOM SE.

About CANCOM
As a Digital Transformation Partner, CANCOM accompanies organizations into the digital future. CANCOM supports customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source.

The CANCOM Group’s range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings.

With more than 4,000 employees, CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium and the USA. The CANCOM Group is led by Rudolf Hotter (CEO), Thomas Stark (CFO) and Rüdiger Rath (COO). The company is headquartered in Munich. CANCOM generated revenue of around EUR 1.3 billion in the financial year 2021. Its parent company CANCOM SE is listed in the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).

Contact
Sebastian Bucher
Manager Investor Relations
+49 89 54054 5193
sebastian.bucher@cancom.de


Note
If you do not wish to receive information from us via e-mail, please write to ir@cancom.de.

Data protection notification
You are receiving this invitation because you are included in the CANCOM investor information e-mail distribution list. You have been included as you have indicated in the past to be informed about company news. For this reason CANCOM stores and processes personal data like name and e-mail address to be able to provide to you this service. CANCOM stores and uses this data solely to obtain information about the development of the shareholder communication and to be able to contact investors as part of the investor relations activities.

General information on the use of data by CANCOM
CANCOM will not pass on personal data obtained in the course of investor relations activities to third parties without the express consent of the person concerned. The only exception to this rule is that CANCOM receives a request for data transmission from competent authorities such as the Federal Financial Supervisory Authority.
Even after you have agreed to receive investor information from us and thus permitted CANCOM to store and use your personal data, you have the right to revoke this agreement at any time. All you need to do is send an informal message by e-mail to widerspruch@cancom.de or to ir@cancom.de
For any further information about CANCOM's privacy policy, who to contact or your individual rights as a data subject, please visit our website https://www.cancom.com/privacy-protection/


14.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

CANCOM SE

Erika-Mann-Straße 69

80636 Munich

Germany

Phone:

+49-(0)89/54054-0

Fax:

+49-(0)89/54054-5119

E-mail:

info@cancom.de

Internet:

http://www.cancom.de

ISIN:

DE0005419105

WKN:

541910

Indices:

MDAX, TecDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1397953


 

End of News

DGAP News Service

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