CANCOM SE: CANCOM successfully completes major step in the takeover of KBC Beteiligungs GmbH

Munich, May 25, 2023 - The Executive Board of the CANCOM Group today signed the contribution agreement with the shareholders of KBC Beteiligungs GmbH following the removal of the antitrust reservation, thus taking a major step in the takeover of KBC Beteiligungs GmbH. The transaction is expected to be completed at the beginning of June with the entry of the CANCOM Group's capital increase in kind, which was part of the transaction, in the commercial register. Following completion of the transaction, KBC Beteiligungs GmbH, together with its operating subsidiary K-Businesscom AG and its affiliated companies, which with their 1,650 employees generated total revenue of around €520 million and EBITDA of €28 million in the past financial year, will belong to the CANCOM Group. The volume of the cash and share component of the transaction amounts to around €165 million, depending on the CANCOM share price at the time of delivery of the shares to the sellers. Furthermore, existing financial liabilities of K-Businesscom in the amount of € 37.5 million will be redeemed in the short term as part of the transaction. Part of the transaction is a capital increase against contribution in kind at CANCOM SE with the issue of 3.5 million new no-par value bearer shares to the shareholders of KBC Beteiligungs GmbH by utilizing the Authorized Capital I/2018.

The transaction clearly strengthens the market position of both companies in the DACH region. "K-Businesscom's outstanding market position, geographical presence and expertise are a perfect fit for CANCOM. Especially in the areas of portfolio, logistics and customer access, there is synergy potential and we gain many highly specialized experts in the areas of communication, security and digital solutions," says Rüdiger Rath, CEO of the CANCOM Group, summarizing the main considerations behind the transaction. "The takeover of K-Businesscom is the largest acquisition in CANCOM's history and I look forward to working with our new colleagues to further expand CANCOM's position as a leading hybrid IT service provider in the coming years."

"The CANCOM Group and K-Businesscom are two companies whose values, culture, competencies and ambitions fit well together," explains Franz Semmernegg, CEO of K-Businesscom. "The combination of the two companies creates a unique combination of expertise, customer access, partnerships and infrastructures that we will bring together and develop in the coming years to continue to serve our customers as a leading digitization partner."

Executive Board of CANCOM SE to be expanded to three members
The merging of the two companies is taking concrete shape with the arrival of Jochen Borenich, previously Chief Operating Officer at K-Businesscom, as Chief Sales Officer on the Executive Board of CANCOM SE from August 1, 2023. In return, Rüdiger Rath and Thomas Stark will take over mandates as members of the Supervisory Board of K-Businesscom AG from May 25, 2023. Franz Semmernegg, CEO of K-Businesscom, will continue to lead K-Businesscom and join the executive circle of the CANCOM Group.
"With the upcoming integration of K-Businesscom and its subsidiaries into the CANCOM Group, there is a lot of potential for all employees, partners and customers," says Rüdiger Rath. "We look forward to starting new and interesting projects with our colleagues in the coming months and jointly expanding our position in the European IT market."

Forecast for the CANCOM Group is updated
As the contribution of the KBC Beteiligung GmbH Group is expected to be included in the CANCOM Group's earnings for the 2023 financial year from June 1, 2023, the forecast development of the CANCOM Group has changed. The Executive Board now assumes the following development in the 2023 financial year and has updated the forecast for the CANCOM Group accordingly.

About CANCOM
As a hybrid IT service provider, CANCOM accompanies companies into the digital future. We support our customers in reducing the complexity of their IT and expanding their business success through the use of state-of-the-art technology. In order to meet the IT needs of companies, organizations and the public sector holistically, CANCOM offers tailor-made IT from A to Z from a single source.

The CANCOM Group's range of IT solutions includes consulting, implementation, services and the operation of IT systems. Customers benefit from the extensive expertise and a holistic and innovative portfolio that covers the IT requirements necessary for a successful digital transformation of companies. As a hybrid IT integrator and service provider, we deliver a range of services and solutions that includes business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting and as-a-service offerings.

The CANCOM Group's approximately 4,000 employees and an efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland and Belgium, among other countries. The CANCOM Group is managed by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM generated sales of around 1.3 billion euros in 2022. The Group parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the SDAX and TecDAX (ISIN DE0005419105).

About K-Businesscom AG
K-Businesscom (formerly Kapsch BusinessCom) is Austria's leading ICT solution and service provider and digitization partner. KBC combines certified technology expertise with industry know-how as a consultant and end-to-end digital business engineer. In the DACH region, Romania and the Czech Republic, the company develops new business models with its customers on its own KBC platforms with IoT, AI and other software applications. K-Businesscom also supports its customers on their cloud transformation journey and in the development of smart offices. The KBC Cyber Defense Center provides 24/7 protection against cyber attacks. The basis for all of this is the 130 years of innovative strength of the Kapsch Group and KBC's many years of experience as a market leader for network solutions, collaboration, data center infrastructure, security and managed services. Combined with the technologies and services of numerous international manufacturers such as Cisco, Microsoft, HPE and AWS. K-Businesscom employees are convinced that digital technologies can create value, protect the environment and improve our standard of living. With its digitalization expertise, KBC therefore wants to make a significant contribution to promoting the European data economy in conjunction with corresponding sustainability in the coming years.

Contact
Florian Mangold
Specialist Investor Relations
+49 (0)89 540545511
florian.mangold@cancom.de

Please note
If you do not wish to receive information from us by e-mail, please write to ir@cancom.de.

Data protection notice
You are receiving this message because you have been added to the CANCOM mailing list for investor information. You have been included because you have expressed a wish to be informed about company news in the past. CANCOM stores and processes personal data about you, such as your name and e-mail address, in order to be able to offer you this service. CANCOM stores and uses this data exclusively to keep itself informed about the development of investor communication and to be able to contact investors in the context of investor relations activities.

general information on the use of data by CANCOM
CANCOM will not pass on personal data collected in the course of investor relations activities to third parties without the express consent of the person concerned. The only exception to this rule is if CANCOM is requested to transmit data by competent authorities such as the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).
Even after you have consented to receive investor information from us and thus enabled CANCOM to store and use your personal data, you have the right to withdraw this consent at any time. All you have to do is send an informal message by e-mail to widerspruch@cancom.de or to ir@cancom.de .
For more information about CANCOM's privacy policy, the contact person or your individual rights as a data subject, please visit our website https://www.cancom.de/datenschutz-cancom/