AURELIUS increases investment in Getronics

05.08.2013

AURELIUS increases investment in Getronics

  • AURELIUS increases interest to 78% via capital increase
  • Options were agreed upon to acquire the remaining 22 percent
  • Strategy of add-on acquisitions successful
  • Getronics Workspace Alliance raises customer interest

Munich, August 5, 2013 - The Munich-based AURELIUS Group (ISIN: DE000A0JK2A8) expands its majority interest in Getronics Europe and APAC (Getronics Europe/APAC) to 78% by subscribing to a capital increase. The minority shareholder, the Dutch corporate group Royal KPN, The Hague, did not participate in this capital increase. Getronics Europe/APAC is a successful IT service provider offering innovative solutions in the field of Workspace Management, Applications, Unified Communications, Data Centre, Cloud, Consulting, Partner Technology, Managed Services and Security.

AURELIUS acquired 70 percent of Getronics Europe/APAC's operating units in May 2012. The company generated revenues of around EUR 450 million in 2012 with approximately 3500 employees in seven European and five Asian countries and is currently AURELIUS largest subsidiary. KPN will accompany the company's development as a strategic partner with a minority interest until further notice. AURELIUS and Royal KPN agreed to a call option for the remaining non-controlling interest of 22 percent.

AURELIUS has developed Getronics Europe/APAC since 2012 in close cooperation with the experienced management teams of the individual subsidiaries into leading service providers in their respective markets. "We intend to establish the company as one of the leading suppliers in the growing outsourcing market in the coming years," says Matthias Täubl, responsible at AURELIUS for the subsidiary Getronics. "Our strategy of strengthening the group by means of so-called add-on acquisitions is particularly important in achieving this. We are confident that we will be able to announce Getronics' first acquisitions in the next few weeks and will press ahead with this strategy in the future in AURELIUS' other core divisions," added Donatus Albrecht, the board member responsible for M&A transactions at AURELIUS.

The successful positioning of the Getronics Workspace Alliance is a key reason for AURELIUS to increase its shareholding. Customer interest has risen sharply in recent years as a result of the intensive expansion of the product portfolio and distribution network. The company is now a partner of CISCO, Dell, Microsoft and Samsung among other things. Getronics Europe/APAC will continue to consistently pursue its proven international IT challenger strategy in the future, successfully combining local strengths with international reach.