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DGAP-News: DATAGROUP SE / Key word(s): Mergers & Acquisitions
DATAGROUP Signs Agreement to Acquire Banking Service Provider dna
DATAGROUP strengthens sector focus on operating services for banks and financial service providers with a managed service specialist for IT infrastructures and IT applications
The company's expertise lies in the area of IT administration, such as network management, managed client services, application operation and user administration as well as in industry-specific technical assistance. This offering is rounded off by consulting services for integration processes to implement new systems and applications and by support services for software development processes of customers and serviced institutes.
"The acquisition is another excellent addition to our existing activities in the area of IT services for the financial services sector. We already serve numerous customers in the banking and savings bank sector. We see good synergy potential in the provision of services with dna GmbH," comments Max H.-H. Schaber, CEO of DATAGROUP, on the acquisition. Divisional Board Member Dr. Jan Saat adds: "With DATAGROUP Financial IT Services and Portavis GmbH, we have a powerful, experienced team for comprehensive IT services in the financial services sector, which we are further strengthening with dna GmbH. This allows us to optimally support the leading IT service provider from the savings bank association in the digitalization of the German savings bank landscape."
"We are looking forward to working with the efficient teams of dna GmbH in Hamburg, Berlin, Hanover and Oldenburg" adds Peter Schneck, Board Member M&A, Legal and Investor Relations.
dna has grown significantly over the last few years. As a preferred partner of a central IT service provider from the savings bank association, dna provides the cross-country support of the savings banks throughout Germany. "Digitization is forging ahead among banks and financial service providers", says Oliver Schuppart, Managing Director and previous majority shareholder of dna Gesellschaft für IT Services mbH. "An efficient IT is the path to improve the profitability in the banking world, and we look forward to be an even more efficient partner for our customers in association with DATAGROUP".
In the current fiscal year, dna will generate revenue in the high single-digit million euros. The transaction comprises 100% of the shares. The parties have agreed to keep the purchase price confidential.
DATAGROUP is one of the leading German IT service companies. Almost 3,000 employees at locations across Germany design, implement, and operate IT infrastructures and business applications such as SAP. With its CORBOX product, DATAGROUP is a full-service provider, supporting over 600k global IT workplaces for medium and large enterprises as well as public authorities. The company is growing organically and through acquisitions. The acquisitions strategy is particularly noted for its optimal integration of new companies. DATAGROUP is actively participating in the IT service market's consolidation process with its "buy and turn around" and its "buy and build" strategy.
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30.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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