.
- Leading Scandinavian IT distributor with revenues of EUR 500 million
- Regional expansion of distribution activities
- Quick integration of companies into Actebis Group
- ARQUES annualised group revenues exceed EUR 5 billion
ARQUES Industries AG has taken over all shares in the Northern European companies of the IT distributor, Actebis. The seller is the Otto Group which is withdrawing from the IT wholesale business segment for strategic reasons and has now selected ARQUES as transaction partner for the second time within only a few months. As recently as July ARQUES took over the Actebis national subsidiaries in Germany, Austria, France and the Netherlands from the Otto Group. The newly acquired companies include the Actebis branch offices in Denmark, Norway and Sweden. The takeover is subject to the usual approval of the relevant cartel authorities. ARQUES expects the completion of the takeover by the end of the year.
The strongly growing companies generated revenues of approximately EUR 500 million on a profitable basis in 2006 with approximately 370 employees. ARQUES Industries AG will integrate the acquired Northern European units into the Actebis Group which was taken over in July, and thereby regionally expand its IT distribution activities. With this acquisition the revenues of the Actebis Group belonging to ARQUES increase to more than EUR 3 billion.
"With the takeover of the Northern European Actebis national subsidiaries, ARQUES is bringing together that which belongs together. During the integration of the companies only marginal costs will arise and simple but effective synergy effects will be obtained. Actebis will participate in the dynamic development within the IT segment in Scandinavia", said ARQUES executive board member responsible for acquisitions, Dr. Michael Schumann.
"ARQUES has taken over a very healthy and profitable enterprise from the Otto Group in the Northern European Actebis. We are confident that ARQUES will actively advance the development of all the Actebis national subsidiaries taken over from Otto and will provide for job security. As a reliable business partner, ARQUES offers Actebis very good future prospects", said Jürgen Schulte-Laggenbeck, chief financial officer of the Otto Group.
With this transaction ARQUES announces the fifteenth acquisition in the financial year 2007. ARQUES’ annualised group revenues have reached a new record level of more than EUR 5 billion; ARQUES generated group revenues of EUR 768 million in 2006 and originally aimed at EUR 1.5 billion for 2007.
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of conglomerates regarding company spin-offs and a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries' potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol "AQU" (ISIN: DE0005156004) and are listed in the MDAX as of October 1, 2007.
- Leading Scandinavian IT distributor with revenues of EUR 500 million
- Regional expansion of distribution activities
- Quick integration of companies into Actebis Group
- ARQUES annualised group revenues exceed EUR 5 billion
ARQUES Industries AG has taken over all shares in the Northern European companies of the IT distributor, Actebis. The seller is the Otto Group which is withdrawing from the IT wholesale business segment for strategic reasons and has now selected ARQUES as transaction partner for the second time within only a few months. As recently as July ARQUES took over the Actebis national subsidiaries in Germany, Austria, France and the Netherlands from the Otto Group. The newly acquired companies include the Actebis branch offices in Denmark, Norway and Sweden. The takeover is subject to the usual approval of the relevant cartel authorities. ARQUES expects the completion of the takeover by the end of the year.
The strongly growing companies generated revenues of approximately EUR 500 million on a profitable basis in 2006 with approximately 370 employees. ARQUES Industries AG will integrate the acquired Northern European units into the Actebis Group which was taken over in July, and thereby regionally expand its IT distribution activities. With this acquisition the revenues of the Actebis Group belonging to ARQUES increase to more than EUR 3 billion.
"With the takeover of the Northern European Actebis national subsidiaries, ARQUES is bringing together that which belongs together. During the integration of the companies only marginal costs will arise and simple but effective synergy effects will be obtained. Actebis will participate in the dynamic development within the IT segment in Scandinavia", said ARQUES executive board member responsible for acquisitions, Dr. Michael Schumann.
"ARQUES has taken over a very healthy and profitable enterprise from the Otto Group in the Northern European Actebis. We are confident that ARQUES will actively advance the development of all the Actebis national subsidiaries taken over from Otto and will provide for job security. As a reliable business partner, ARQUES offers Actebis very good future prospects", said Jürgen Schulte-Laggenbeck, chief financial officer of the Otto Group.
With this transaction ARQUES announces the fifteenth acquisition in the financial year 2007. ARQUES’ annualised group revenues have reached a new record level of more than EUR 5 billion; ARQUES generated group revenues of EUR 768 million in 2006 and originally aimed at EUR 1.5 billion for 2007.
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of conglomerates regarding company spin-offs and a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries' potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol "AQU" (ISIN: DE0005156004) and are listed in the MDAX as of October 1, 2007.
