DGAP-News: CANCOM: CANCOM takes over Mülheim-Kärlich-based S&L | News

DGAP-News: CANCOM SE / Keywords: Mergers and acquisitions / Company acquisitions

CANCOM: CANCOM takes over S&L based in Mülheim-Kärlich

07/14/2022 / 10:30
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CANCOM takes over S&L based in Mülheim-Kärlich

  • CANCOM acquires 100 percent of the shares in all subsidiaries of the house and IT service group based in Mülheim-Kärlich
  • In fiscal 2021, the S&L Group generated sales of approximately 15 million and currently employs approximately 100 employees

Munich, July 14, 2022 The Management Board of CANCOM SE signed yesterday an agreement to take over the operating companies of the S&L Group. CANCOM takes over 100 percent of the shares in S&L Systemhaus GmbH, S&L BusinessSolutions GmbH and S&L ITcompliance GmbH from the parent company S&L Holding GmbH.
The S&L group of companies acts as an IT service provider for its clients in western Germany and focuses on services and services managed in the Microsoft and Citrix environment, as well as consulting, sales and implementation of software and hardware. In addition, the group’s portfolio includes offers in the area of ​​IT security, IT compliance and data protection as well as individual software programming, including proprietary products.

The Mülheim-Kärlich-based S&L Group generated sales of around 15 million with an EBITDA margin of around 12 percent in fiscal 2021. Despite the corona pandemic and problems with the global IT supply chain, sales increased by more than 10 percent compared to the previous year . The group of companies works for a diverse customer base in German medium-sized companies with a focus on logistics, healthcare and automotive, among others, but also has an extensive customer base in the municipal sector. About 100 employees currently work in the group.

The transaction is in line with the strategic vision of CANCOM 2025 and strengthens the CANCOM Group in the DACH region, on which the communicated strategy focuses.
S&L is the perfect regional addition to our CANCOM portfolio in Rhineland-Palatinate and enriches us with excellent expertise, particularly in the areas of Managed Services, Network Technologies and IT Compliance. We are also happy to welcome well-qualified employees to the CANCOM Group – says Rudolf Hotter, CEO of CANCOM SE.

As a partner of digital transformation, CANCOM accompanies companies in the digital future. We support our clients in reducing the complexity of their IT and extending their business success through the use of the latest technologies. To comprehensively map the IT needs of companies, organizations and the public sector, CANCOM offers tailor-made IT from A to Z from a single source.

The offer of IT solutions of the CANCOM Group includes consulting, implementation, services and operation of IT systems. Customers benefit from extensive expertise and a holistic and innovative portfolio that covers companies’ IT requirements for a successful digital transformation. As a hybrid IT integrator and service provider, we provide a range of services and solutions that include business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting or offerings as a service.

About 4,000 employees of the CANCOM Group and an efficient network of partners ensure market presence and customer proximity, among others in Germany, Austria, Switzerland, Belgium and the USA. The CANCOM Group is managed by Rudolf Hotter (CEO), Thomas Stark (CFO) and Rüdiger Rath (COO). The company is headquartered in Munich. CANCOM generated sales of approximately 1.3 billion in 2021. The parent company of the CANCOM SE group is listed on the Frankfurt Stock Exchange in the MDAX and TecDax indices (ISIN DE0005419105).

Sebastian Bucher
Investor Relations Manager
+49 89 54054 5193

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07/14/2022 Publication of Corporate News / Financial News broadcast by DGAP – EQS Group AG website.
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