CANCOM buys British Ocean Intelligent Communications
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.