CHG-MERIDIAN AG
CHG-MERIDIAN AG continues to expand with purchase of company in Northern Europe
CHG-MERIDIAN AG / Key word(s): Acquisition/Strategic Company Decision
CHG-MERIDIAN continues to expand with purchase of company in Northern Europe – Acquisition opens up direct market access to four Nordic countries – ACENTO Group: ideal strategic and geographical addition as part of the growth strategy – Mossakowski: “Finance and services portfolios are an excellent fit.” Weingarten (Germany)/Oslo (Norway), August 25, 2014 Technology management company CHG-MERIDIAN AG, headquartered in Weingarten, southern Germany, is continuing with its international expansion by acquiring the Oslo, Norway-based ACENTO Group. By acquiring a 100-percent stake in the group, CHG-MERIDIAN will gain direct market access to four Nordic countries at a single stroke. “This purchase is a well-timed step forward in our international expansion strategy,” said the Chief Executive Officer of CHG-MERIDIAN AG, Jürgen Mossakowski. “The Nordic market has huge potential for us. We will unlock further impetus for growth by gaining customers that operate globally and by supporting customers from our branches in Northern Europe in the future.” CHG-MERIDIAN offers customized business concepts for the efficient management of investments in technology. It is a non-captive company that provides independent finance and technology advice and minimizes the workload of its customers at every stage of the technology lifecycle, particularly in the IT, telecommunications, industrial, and medical equipment sectors. CHG-MERIDIAN manages technology investments with a total value of more than EUR3.5 billion for over 8,000 customers. Headquartered in Weingarten, southern Germany, the company has 34 sites in 19 countries. ACENTO reported revenue for 2013 of around EUR70 million and has generated continuous growth for more than ten years. It is one of the major providers of finance and services in the IT, industrial, and medical equipment sectors in Northern Europe. The company manages technology investments with a total value of more than EUR167 million for its customers. ACENTO has branches in Norway, Finland, Denmark, and Sweden, which creates a strategically important sales and marketing network. Northern Europe: highly promising potential for growth For CHG-MERIDIAN, the acquisition opens up the possibility of supporting international customers directly from its own branches in the Nordic markets. The company hopes that new customers in Northern Europe will also provide growth impetus. For that reason, the ACENTO Group will be integrated into the CHG-MERIDIAN Group, forming the “Northern Europe” region. It will play a major role in CHG-MERIDIAN’s continued success alongside the existing regions of Central Europe, Western Europe, Southern Europe, Eastern Europe, and the Americas. The ACENTO co-shareholders will remain with the company in a management function, and the 50 or so employees will be retained. Finance and services portfolios are an excellent fit One example is the two companies’ identical focus on investments in the IT, industrial, and medical equipment sectors. Both have extensive experience in these areas and are gradually expanding their range of services. Another example is the remarketing of used equipment. Each company has its own dedicated Technology and Service Center (CHG-MERIDIAN’s in Gross-Gerau, Germany and ACENTO’s in Skien, Norway) responsible for ensuring that the logistics of rolling out and rolling back equipment run smoothly. Data contained in the equipment is erased securely so that customers’ sensitive business information is protected. This is followed by professional remarketing of the equipment, which can then be reused. Further information can be found at: www.chg-meridian.com About CHG-MERIDIAN Efficient Technology Management by CHG-MERIDIAN(R) 25.08.2014 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 |
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