Columbus A/S
Columbus acquires Danish consultancy with specialized production competency

Columbus A/S 

04.05.2015 07:59

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                              Release no. 15/2015
                                        

Today, Columbus A/S has concluded an agreement about acquisition of MW data, a
Danish consultancy with specialized competency and industry solutions within
complex manufacturing, logistics and food processing. 



MW data consists of the consultancy MW data A/S and the software company MW
Solutions A/S. Columbus takes over both companies, in the following referred to
as 'MW data'. 



The acquisition of MW data is in line with Columbus' strategy to expand within
the company's key industries, and thereby strengthening its global position as
an innovative solution provider. 



'We are pleased to announce the acquisition of MW data, as it will add deep
specialized expertise and unique industry solutions to Columbus, and allow us
to serve customers within manufacturing, logistics and food processing even
better,' says CEO in Columbus, Thomas Honoré. 



Since MW data was founded in 1996, the company has increased its market share
and currently has a number of large international customers. MW data has
developed a number of industry solutions for manufacturing, logistics and food
companies, providing optimal support to customers' business processes. The
company has 27 employees and in fiscal year 2013/2014 the revenue amounted to
DKK 38.3m and EBITDA to DKK 9.3m. 



Mogens Würgler will continue in the company in order to assist with the
integration of customers and employees. 



The acquisition price is based on an Enterprise Value of DKK 51.5m, of which
DKK 10.1m is conditional on the company realizing a number of performance
related elements. The Enterprise Value is adjusted for net liabilities and
working capital. At the closing, this adjustment amounts to  DKK 0. Moreover,
the acquisition and payment of DKK 4.0m in total to a number of minority
shareholders is postponed 1 to 2 years. Thus, the total amount paid at closing
is DKK 37.4m, of which DKK 6m will be deposited in an escrow account. 



The acquisition is financed by Columbus' own available funds.



At the time of closing, the booked equity in the acquired companies amount to
approx. DKK 6.6m. 



The acquisition is expected to contribute with a revenue in the level of DKK
25m and EBITDA in the level of DKK 4m in the remaining 8 months of the year.
Thus, after this acquisition, Columbus expects revenue in the level of DKK
1.03bn and EBITDA in the level of DKK 94m in 2015. 



The acquisition takes place with immediate effect.








Ib Kunøe                                  Thomas Honoré

Chairman of the Board                       CEO & President

Columbus A/S              Columbus A/S





Contact for further details

Thomas Honoré, CEO, T: +45 70 20 50 00.



Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.
News Source: NASDAQ OMX



04.05.2015 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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Language:     English
Company:      Columbus A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010268366
WKN:          
 
End of Announcement                             DGAP News-Service
 
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