KBC AG becomes part of the CANCOM Group

The two ICT service providers will become one of the leading companies in the DACH region with over 5,600 employees

As of today, two leading digital transformation partners are combining their expertise in the ICT segment in the focus markets of Germany, Austria and Switzerland. CANCOM SE, headquartered in Munich, is one of the top IT system houses in Germany. CANCOM has been accompanying companies, organizations and the public sector into the digital future since 1992. As a hybrid IT service provider with 4,000 employees at around 60 locations in Germany, Austria, Switzerland, Belgium and Slovakia, the listed company generated annual sales of 1.3 billion euros in 2022. K-Businesscom AG (until 2022 Kapsch Businesscom AG) employs 1,650 people in the DACH region, Romania and the Czech Republic. Revenues in 2022/23 amounted to EUR 520 million.

The merger will create one of the leading IT companies in the DACH region and the companies' customers will benefit from bundled expertise in IT and digitalization solutions, related services and the operation of IT systems. The two companies have similar business focuses and are also very complementary in many areas with their service and solutions portfolios.
CANCOM is positioned as a specialist for digital workplace, cloud solutions and ICT managed services, among other things. K-Businesscom contributes its know-how as a digital business engineer for IT and business consulting and software development, as well as its expertise in intelligent networks and IT security with its own KBC Cyber Defense Center.

With a broad partner landscape of both companies, an international ecosystem of leading global ICT players such as Microsoft, Apple, AWS, SAP, Cisco and HP, with whom both companies already have long-standing partnerships, paired with providers of industry solutions, is now being created. The comprehensive portfolio of services will benefit existing customers and also open up new market potential.

"We have long been looking for a way to bring the CANCOM Group into a noticeably stronger market position, particularly in Austria and Switzerland, more quickly than would have been possible through organic growth. The customer structures, the service portfolio, the corporate cultures and the visions for the future represent a unique starting position for us to jointly tackle the growth potential of the DACH market. That is why we and the shareholders of K-Businesscom immediately seized the opportunity to work together," said Rüdiger Rath, CEO of CANCOM SE.

Dr. Franz Semmernegg, CEO of K-Businesscom adds: "We see the greatest joint growth potential in our ICT service models (XaaS), especially in the area of cyber security. The general shortage of skilled workers coupled with constantly growing demands on IT departments and increasingly complex threat scenarios mean that companies and institutions are turning to the combined expertise and services of external ICT specialists."
Both companies address focus sectors such as healthcare, public and manufacturing industry and develop digital industry solutions with and for their customers.
The integration of K-Businesscom into CANCOM creates a leading hybrid ICT service provider with growth potential in the DACH region. K-Businesscom is planning to further expand its market share in Switzerland in particular. The first steps in this direction have already been taken: last week K-Businesscom acquired 100% of the shares in the owner-managed Belsoft Infortix AG. The system integrator with a focus on data centers, networks and security is based in Zurich and has branches in Pfäffikon and Basel. It has 35 employees and a turnover of around EUR 12 million."The merger with CANCOM marks a milestone in our DACH growth strategy," explains Jochen Borenich, CEO of K-Businesscom. "Together, we have the opportunity to actively shape the digital transformation as a leading provider in Europe's strongest economic region. Thanks to our technological expertise of over 5,600 employees in combination with our scalable platforms, we can provide our customers with comprehensive support from consulting to secure operation and thus make a significant contribution to the digital competitiveness of the DACH region and Europe. "
The close integration and joint path of the two companies will also be reflected in the management and Supervisory Board: Rüdiger Rath and Thomas Stark will join the Supervisory Board of K-Businesscom AG and Jochen Borenich will become a member of the Executive Board (CSO) of the CANCOM SE Group. Franz Semmernegg will remain CEO of KBC and will continue to lead the company with the existing, successful management team.

About K-Businesscom (formerly Kapsch BusinessCom) is Austria's leading ICT solution and service provider and digitalization 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 the 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.
The employees of K-Businesscom 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.
Revenue FY 22/23: 520 million euros Number of employees: 1,650

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. 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).