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CANCOM SE acquires on line Datensysteme GmbH

(PresseBox) (Munich, ) On 30 September 2013, CANCOM SE signed an agreement to acquire 100 percent of on line Datensysteme GmbH in Berlin, Germany with effect from 30 September 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 Authorised Capital to the exclusion of subscription rights. By acquiring on line Datensysteme GmbH CANCOM expects to generate synergies on the one hand and on the other to expand market position in the north of Germany. Furthermore CANCOM Group will be able to increase its business with public sector clients.