EQS-News: CANCOM SE: CANCOM strengthens expertise in the area of complex IT infrastructure and managed services through the acquisition of significant parts of DextraData GmbH

EQS-News: CANCOM SE / Key word(s): Takeover CANCOM SE: CANCOM strengthens expertise in the area of complex IT infrastructure and managed services through the acquisition of significant parts of DextraData GmbH 27.11.2023 / 18:30 CET/CEST The issuer is solely responsible for the content of this announcement. CANCOM SE: CANCOM strengthens expertise in the area of complex IT infrastructure and managed services through the acquisition of significant parts of DextraData GmbH CANCOM acquires the IT consulting and services division of DextraData GmbH with 57 experts in an asset deal. Extensive know-how in consulting, implementation and managed services strengthens CANCOM's service business in an important trend area. DextraData's long-standing partnership and experience, in particular with its partner Dell, expands its expertise in this field. Munich, Germany, 27 November 2023 - The CANCOM Group announces the acquisition of the IT Consulting and Services business (ITCS) of DextraData GmbH. With the purchase agreement concluded on 27 November 2023, CANCOM takes over the division, which combines the business with complex IT infrastructure and managed services. The 57 employees at the headquarters in Essen generated revenue of around € 35 million and EBITDA of around € 4 million in the 2022 financial year. In recent years, DextraData GmbH has established itself as an experienced provider of complex infrastructure projects with employees throughout Germany and headquarters in Essen. The company's focus region is North Rhine-Westphalia. In the ITCS division, the employees plan and implement end-to-end data center infrastructure in on-premises, private and/or hybrid cloud scenarios and also offer associated managed services. The long-standing customer base consists mainly of well-known medium-sized industrial companies and increasingly also of large corporations and public sector clients. “The proven expertise of our new colleagues is an enrichment for the CANCOM Group in an economically strong region of Germany,” says Rüdiger Rath, CEO of CANCOM SE, summarizing the background to the transaction. “Our customers benefit from access to the CANCOM Group's comprehensive portfolio, the broader partner network and the additional specialists. At the same time, there are additional development and career opportunities for our employees, and we are moving into the future in a crisis-proof manner,” explains Shayan Faghfouri, Managing Director and founder of DextraData. Higher performance requirements as a driver for infrastructure business in the data center environment Customers' demands on their IT infrastructure in hybrid environments are currently growing significantly due to the significant increase in security and AI requirements. “Especially in the areas of infrastructure solutions in the data center and the associated consulting and integration services of the CANCOM Group will strengthen demand,” predicts Rüdiger Rath. “Making our customers' data centers fit for the requirements of the coming years in increasingly complex scenarios is a tailor-made task for an experienced hybrid IT service provider like CANCOM. With this acquisition, we are gaining additional experts who will further accelerate our success to date. The business app portfolio remaining at DextraData and our established partnership in this area will result in outstanding digitalization potential and opportunities for our customers.” The transaction is subject to the customary conditions precedent and antitrust approval. The transaction is expected to be completed at the beginning of January 2024. ________________________________ About DextraData DextraData has been supporting companies in the planning and implementation of IT projects through to responsibility for regular operations since 1995. Extensive technological know-how, comprehensive consulting experience and expert knowledge in the areas of data centers and process automation make DextraData a sought-after partner for companies facing the current challenges of digital transformation. As an independent software vendor, DextraData develops innovative industry solutions that create transparency, optimize processes and provide decision-making support and added value for the business. About CANCOM As a hybrid IT service provider, CANCOM accompanies companies into the digital future. We support our customers in reducing the complexity of their IT and expanding their business success through the use of state-of-the-art technology. CANCOM offers tailor-made IT from A to Z from a single source to meet the IT needs of companies, organizations and the public sector. The CANCOM Group's range of IT solutions includes consulting, implementation, services and the operation of IT systems. Customers benefit from our extensive expertise and a holistic and innovative portfolio that covers the IT requirements necessary for the successful digital transformation of companies. As a hybrid IT integrator and service provider, we deliver a range of services and solutions that includes business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting and as-a-service offerings. The CANCOM Group's approximately 5,600 employees and an efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland and Belgium, among other countries. The CANCOM Group is managed by Rüdiger Rath (CEO), Jochen Borenich (CSO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM generated revenue of around 1.3 billion euros in 2022. The Group parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the SDAX and TecDAX (ISIN DE0005419105). Contact Lars Dannenberg Director Investor Relations [e-mail] [phone] Please note If you do not wish to receive information from us by e-mail, please write to [e-mail]. Data protection notice You are receiving this message because you have been added to the CANCOM mailing list for investor information. You have been included because you have expressed the wish to be informed about company news in the past. CANCOM stores and processes personal data about you, such as your name and e-mail address, in order to be able to offer you this service. CANCOM stores and uses this data exclusively to keep itself informed about the development of investor communication and to be able to contact investors in the context of investor relations activities. General information on the use of data by CANCOM CANCOM will not pass on personal data collected 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 if CANCOM is requested to transmit data by competent authorities such as the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Even after you have consented to receive investor information from us and thus enabled CANCOM to store and use your personal data, you have the right to withdraw this consent at any time. All you need to do is send an informal message by e-mail to [e-mail] or to [e-mail]. For more information about CANCOM's privacy policy, the contact person or your individual rights as a data subject, please visit our website https://www.cancom.com/privacy-protection/. 27.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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:	[e-mail]
Internet:	http://www.cancom.de
ISIN:	DE0005419105
WKN:	541910
Indices:	SDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1782837

End of News	EQS News Service

1782837  27.11.2023 CET/CEST