PC-Ware Information Technologies AG
PC-WARE Info. Technolog.: PC-Ware acquires Berlin-based system house
Ad hoc announcement §15 WpHG
Acquisition
PC-WARE Info. Technolog.: PC-Ware acquires Berlin-based system house
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Leipzig, January 14, 2005
PC-Ware acquires Berlin-based system house
PC-Ware AG has acquired BDL Computer + Software Systemhaus GmbH. In doing so,
the pan-European IT service provider has significantly enhanced its position
in Berlin, a location that ranks as the largest self-contained IT market in
the east of Germany. The parties involved in the transaction have agreed not
to disclose details of the purchase price.
Established in 1990, BDL has emerged as a highly successful IT service
enterprise generating an average of EUR 10 million per annum over recent
years. Despite noticeable pressure on profit margins within this market, BDL
achieved earnings of around EUR 0.25 million before taxes (EBT) in the
2003/2004 financial year. Public-sector customers are among the company’s
largest key accounts, with Landesbetrieb für Informationstechnologie (LIT),
Berlin, playing a particularly prominent role.
BDL’s product portfolio includes hardware and software reselling, as well as
one-stop solutions within the area of LAN and WAN based on Lotus Notes and
Microsoft Exchange, in addition to Groupware applications. The company also
provides a range of services (consulting, training, software development)
tailored to these areas. In addition, BDL is an authorised Sage KHK reseller.
The company currently employs 53 members of staff (of whom 6 are apprentices
and 11 part-time employees).
PC-Ware AG and the Berlin branch of senas, a chain of system houses operating
within the PC-Ware Group, are confident that the acquisition will unlock
synergies in a number of areas. This applies in particular to aspects such as
BDL’s well-established customer base, comprehensive access to public-sector
clients in the German capital, benefits in procurement by pooling overall
requirements, as well as an increase in bonus payments granted by
manufacturers. A merger between BDL and senas East may be implemented at a
later stage in the future.
The approval of the acquisition contract – necessary for its effectiveness –
has not been given by the Supervisory Board yet. However, the contract is very
likely to be approved.
Contact: Investor Relations, Dr. Ingmar Ackermann, Tel. +49 (0)341 25 68-148,
investor.relations@pc-ware.de
PC-WARE Information Technologies AG
Blochstraße 1
04329 Leipzig
Deutschland
ISIN: DE0006910904
WKN: 691090
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover und Stuttgart
End of ad hoc announcement (c)DGAP 14.01.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
PC-Ware AG pushes ahead with dual-brand strategy
In acquiring Berlin-based system house BDL Computer + Software Systemhaus
GmbH, PC-Ware AG has reached another milestone with regard to expanding its
system house activities under the senas brand. Given the virtually identical
service and product portfolios and similar distribution concepts of both
entities, the eventual integration of BDL within the organisational structure
of senas East would appear to be a logical consequence of this transaction.
Furthermore, the similarity between both companies in terms of corporate
culture is thought to be conducive to efficient integration.
The acquisition of BDL is of particular significance inasmuch as PC-Ware will
be able to take another major step forwards with regard to its strategy of
penetrating the largest IT market in the east of Germany via the senas brand.
In parallel, PC-Ware will gain access to a major client -public administration
units of the State of Berlin. As a result, senas East will be able to
strengthen its market presence in Germany’s eastern region.
In the first half of the current financial year, PC-Ware has already achieved
impressive revenue growth of 21% and a 32% increase in EBITDA compared with
the same period a year ago. The results of the third quarter, a period that is
generally considered to be very buoyant, will be published on February 28,
2005.
With forecast revenues of between EUR 460 and 470 million, and EBITDA of EUR 8
to 10 million, PC-Ware is certain to produce a significant year-on-year
improvement in its results.
Contact: Investor Relations, Dr. Ingmar Ackermann, Tel. +49 (0)341 25 68-148,
investor.relations@pc-ware.de
End of message (c)DGAP
141600 Jän 05
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