27. November 2023 | Corporate News
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.
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.
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).