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CANCOM SE (FRA:COK) CANCOM successfully completes sale of CANCOM Ltd. to Telefónica TECH

Transparency directive : regulatory news

04/08/2021 13:23

DGAP-News: CANCOM SE / Key word(s): Disposal/Strategic Company Decision
CANCOM successfully completes sale of CANCOM Ltd. to Telefónica TECH

04.08.2021 / 13:23
The issuer is solely responsible for the content of this announcement.


CANCOM successfully completes sale of CANCOM Ltd. to Telefónica TECH

- Book gain from sale in the amount of EUR 225 million

- Transaction strengthens position for growth in the DACH region

Munich, Germany, 4 August 2021 - CANCOM SE has successfully completed the sale of its subsidiary CANCOM Ltd. to Telefónica TECH for an enterprise value of almost EUR 400 million. The closing of the transaction took place today, with CANCOM SE receiving cash of around EUR 390 million. The book profit of around EUR 225 million will be recognised in the CANCOM Group's profit for the period in the third quarter of 2021.

"Following the successful sale of CANCOM Ltd., we are now concentrating our efforts on the DACH region. Here we have already shown in the past that we can grow successfully through acquisitions and are a market consolidator," said Rudolf Hotter, CEO of CANCOM SE. "With the completion of the transaction we have laid a very good foundation for the further development of the CANCOM Group."

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 worldwide, the internationally active 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) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM had an annual revenue of around EUR 1.3 billion in 2020 and 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

 



04.08.2021 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.

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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: 1224036

 
End of News DGAP News Service

1224036  04.08.2021 

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