Columbus A/S
Further information about Columbus’ acquisition of US consultancy

Columbus A/S 

03.02.2015 09:17

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------


                               Release no. 2/2015



As announced in release no. 1/2015 of 2 February 2015, Columbus A/S has
concluded an agreement about acquisition of InterDyn BMI, a leading US
consultancy. The acquisition of InterDyn BMI is in line with Columbus' strategy
to expand within the company's key markets and hereby strengthen the company's
global position as an innovative solution provider. 



InterDyn BMI's substantial market share in the US market supports Columbus'
ambition to strengthen the company's position as a value provider of industry
specific consultancy and business solutions to companies within the retail,
manufacturing and food industries. 



'We are pleased to announce the acquisition of InterDyn BMI, as it will
increase our market share and growth potential in the US. InterDyn BMI is a
solid company with a strong customer base, and with a total number of 23
offices across the country, Columbus will strengthen our reach and position in
the US significantly', says Thomas Honoré, CEO, Columbus. 



InterDyn was founded in 1985 and has today more than 2,000 customers. In 2014,
InterDyn BMI had a revenue of DKK 162m and earnings of DKK 4.3m. The company
has 125 employees. 



The acquisition price is based on an Enterprise Value of USD 11.8m, of which
USD 2m is conditional on the company realizing a considerable growth in revenue
and EBITDA in 2015 and 2016. The Enterprise Value is adjusted for net
liabilities and working capital. At the closing, this adjustment amounts to a
reduction of USD 2.1m. Besides, USD 0.3m has been withheld for any further
adjustment of the working capital. Thus, USD 7.5m has been paid at closing. 



The acquisition is financed by Columbus' own available funds.



For Columbus the entire acquisition price, including adjustments of fair value
of assets and liabilities, is expected to be capitalized as intangible assets,
as the company's equity is negative by DKK 1.6m at the time of closing. 



Columbus has not yet announced the expectations for 2015. Isolated, the
acquisition is expected to contribute with a revenue in the level of DKK 180m
and EBITDA in the level of DKK 8m in the remaining 11 months of the year. 



Ib Kunøe                                                 Thomas Honoré

Bestyrelsesformand                              Koncernchef

Columbus A/S                                       Columbus A/S





Kontakt for yderligere information

Koncernchef, Thomas Honoré tlf.: +45 70 20 50 00.
News Source: NASDAQ OMX



03.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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