Corporate | 20 May 2015 18:29
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CANCOM SE / Key word(s): Agreement
CANCOM SE divests group-subsidiary Imperia AG Munich, May 20, 2015 – Pironet NDH AG, a majority-owned group company of CANCOM SE, has today signed a contract to sell its wholly owned subsidiary Imperia AG to an investment company advised by private equity firm ALLEGRA CAPITAL GmbH. The intention for this sale was published via ad hoc announcement of Pironet NDH AG as well as CANCOM SE on December 30, 2014, respectively. The reason for the divestment decision is a strategic focus on the cloud computing business. As a result, Imperia AG was, since then, classified as discontinued operation and therefore disclosed as such in the consolidated financial statements of CANCOM SE. The divestment results, on group-level, in a negative (non-cash) effect under discontinued operations of expected approx. 1,5 mn Euro. The contract provides for a sale with effect by the end of June 30, 2015. ALLEGRA CAPITAL intends to accompany Imperia on a long-term basis. Imperia shall, with sophisticated software, professional service and consulting, pursue a successful and sustainable growth path. Imperia AG: Imperia is a software company with a focus on web content management systems (WCMS) based in Cologne, Germany. Founded in 1995 Imperia offers two product lines “pirobase” and “imperia” and has successfully positioned itself as a leading provider of content management solutions in the German speaking region. ALLEGRA CAPITAL: Founded in 2000, ALLEGRA CAPITAL is a private equity firm based in Munich. The company is engaged in the acquisition and long-term development of companies. Its acquisition focus is on medium-sized corporate divestitures in Germany and Europe. ALLEGRA CAPITAL adopts a systematic and long-term strategic approach and is a renowned partner of corporations conducting portfolio optimization programs. ALLEGRA CAPITAL’s operations have been highly successful ever since its foundation. Contact: Beate Rosenfeld Manager Corporate Communication & IR CANCOM SE Erika-Mann-Straße 69 80636 München Germany Phone: +49 (0) 89 / 54054 5193 mail to: beate.rosenfeld@cancom.de www.cancom.de 2015-05-20 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | CANCOM SE | |
| Erika-Mann-Straße 69 | ||
| 80636 München | ||
| 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: | TecDAX | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
| End of News | DGAP News-Service |
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| 360185 2015-05-20 |