Munich/ London — CANCOM SE has acqui­red The Orga­nised Group Ltd, parent company of UK IT solu­ti­ons provi­der OCSL. The total volume of the tran­sac­tion is appro­xi­m­ately €32 million, of which appro­xi­m­ately €29 million will be paid in cash. The remai­ning part will be sett­led by issuing 12.5 percent of the shares of the acqui­ring British subsi­diary of CANCOM SE to OCSL execu­ti­ves who conti­nue to work for the company. Heuking Kühn Lüer Wojtek provi­ded legal support for the tran­sac­tion toge­ther with the British law firm Stevens & Bolton LLP.

OCSL is a UK provi­der of cloud and on-premise IT solu­ti­ons. With more than 200 employees, the group of compa­nies gene­ra­ted sales of over 78 million euros in the last fiscal year.

In the future, OCSL will act as a base for the CANCOM Group’s acti­vi­ties in the United King­dom. Syner­gies can be lever­a­ged through the combi­ned use of OCSL’s and CANCOM’s product port­fo­lios, capa­bi­li­ties and part­ner rela­ti­onships. The acqui­si­tion makes CANCOM Group a major player in the country’s IT market.

CANCOM SE is a global, listed provi­der of IT infra­struc­ture and IT services with conso­li­da­ted reve­nues of well over €1 billion and nearly 3,000 employees. The company, head­quar­te­red in Munich, accom­pa­nies compa­nies into the digi­tal future as a “Digi­tal Trans­for­ma­tion Part­ner”. The range of solu­ti­ons includes consul­ting, imple­men­ta­tion and services.

Most recently, Heuking Kühn Lüer Wojtek advi­sed CANCOM SE in spring 2018 on the acqui­si­tion of UCC and mana­ged services provi­der Ocean Intel­li­gent Commu­ni­ca­ti­ons, which now opera­tes under the name CANCOM Colla­bo­ra­tion and Communication.

Advi­sors to CANCOM SE: Heuking Kühn Lüer Wojtek, Munich
Boris Dürr, photo (lead, M&A),
Marcel Greu­bel (Corporate/M&A),
Chris­tian Schild, LL.M. (M&A),
Astrid Well­hö­ner, LL.M. (labor law)
Dr. Rein­hard Siegert (Antitrust/Distribution Law)
Dr. Ruth Schnei­der (Antitrust/Distribution Law), all Munich