CANCOM buys British Ocean Intelligent Communications

22. March 2018

Munich — CANCOM SE has acqui­red the British company Ocean Intel­li­gent Commu­ni­ca­ti­ons Ltd. The company’s foun­ders and parts of the manage­ment have taken a stake in the new holding company by way of a reverse invest­ment, so that CANCOM now has an 82.1 percent stake in Ocean as a result. CANCOM was advi­sed by Heuking Kühn Lüer Wojtek.

Ocean Intel­li­gent Commu­ni­ca­ti­ons Ltd is an IT infra­struc­ture and IT services provi­der with a focus on cloud services. In the future, Ocean will streng­then CANCOM’s inter­na­tio­nal busi­ness with a global custo­mer base and its compre­hen­sive service port­fo­lio. CANCOM intends to use the tran­sac­tion to exploit syner­gies and cross-selling poten­tial in exis­ting markets and to grow stra­te­gi­cally in Europe.

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.

Advi­sor to CANCOM SE: Heuking Kühn Lüer Wojtek
Boris Dürr, Photo (Lead, M&A), Marcel Greu­bel (Corporate/M&A), Chris­tian Schild, LL.M. (Corpo­rate /M&A), all Munich

Since Ocean is a British company, Heuking Kühn Lüer Wojtek consul­ted the British law firm Stevens & Bolton LLP in the transaction.

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