AURELIUS sells Getronics-IDS to the strategic Investor SEP

AURELIUS sells Getronics-IDS to the strategic Investor SEP

  • Sale in connection with Getronics Group's strategic focus on its core businesses
  • Previous Getronics-IDS management remains on board
  • New owner supports the chosen path

Munich - October 5, 2016 - The Getronics Group, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), sold its German subsidiary Getronics-IDS to the strategic Investor SEP as part of its efforts to sharpen its focus. As the largest independent service partner for digital transformation in the workspace environment, the Getronics Group is thus continuing its successful positioning and concentration on its core businesses Workspace, Applications, Cloud, and Unified Communications. The Getronics Group will continue to operate in these strategic business areas on the German market. Getronics-IDS generates revenues of around EUR 90 million per year. The parties have agreed to keep silent about the purchase price.

The Getronics Group has been part of the AURELIUS Group since 2012 and operates in Europe, South America, and Southeast Asia with more than 5,000 employees, offers an integrated service portfolio for end user services and has shown an above-average improvement in profitability over the past few years with revenues of around EUR 550 million (including Getronics-IDS). The Cloud business (connectis Managed Cloud, CMC), which was acquired from Colt Group S.A. in April 2016 and has since then been successfully integrated in the Getronics Group, represents an integral component of this service portfolio. CMC is active in 11 countries with a customer base of more than 600 customers. The capacities in the Managed Cloud segment were substantially and sustainably expanded as a result of the acquisition of CMC. The first cross-selling activities with existing Getronics customers have already led to the formation of new contracts. The integration should be successfully completed over the course of the 2016 fiscal year.

AURELIUS had acquired Individual Desktop Solutions GmbH (IDS), an independent service provider for flexible onsite desktop services and solutions, in the fall of 2014 from T-Systems International and integrated it into the Getronics Germany Group. Since then, the course has been set for a future as an integrated and broadly positioned system integrator under the existing management, which will also remain on board after the sale. brightONE, likewise an AURELIUS Group entity that was acquired in 2013 from the Finnish Tieto Group, was also brought into the Getronics-IDS Group in this context. Following an extensive phase of hiving off from the corporate environment of the previous parent company T-Systems International as well as Tieto, the company covers an integrated portfolio for German small and medium-sized enterprises and large companies with desktop solutions and development and software solutions. After the integration is completed, the buyer SEP will focus in particular on further expanding the consulting business and digital solutions.