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

Munich, 25 May 2023 - The Executive Board of CANCOM Group today signed the contribution agreement with the shareholders of KBC Beteiligungs GmbH after the elimination of the antitrust reservation, thus taking a major step in the acquisition of KBC Beteiligungs GmbH. The transaction is expected to be completed at the beginning of June with the entry of the implementation of the non-cash capital increase of the CANCOM Group in the commercial register, which was part of the transaction. Once the transaction has been completed, KBC Beteiligungs GmbH, together with its operating subsidiary K-Businesscom AG and its affiliated companies, which with their 1,650 employees generated total revenues of around €520 million and EBITDA of €28 million in the past financial year, will belong to the CANCOM Group. Depending on the CANCOM share price at the time of delivery of the shares to the sellers, the volume of the cash and share components of the transaction amounts to around €165 million. Furthermore, existing financial liabilities of K-Businesscom amounting to €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 prominent market position and geographic presence and expertise are a perfect fit for CANCOM. In particular, there is potential for synergies in the areas of portfolio, logistics and customer access, and we are gaining many highly specialized experts in the fields of Communication, Security and Digital Solutions," said Rüdiger Rath, CEO of CANCOM Group, summarizing key considerations behind the transaction. "The acquisition 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."

"CANCOM Group and K-Businesscom bring together two companies whose values, culture, competencies and ambitions are a good fit," said 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 digitalization partner."

CANCOM SE Executive Board 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 assume mandates as members of the Supervisory Board of K-Businesscom AG from 25 May 2023. Franz Semmernegg, CEO of K-Businesscom, will continue to lead K-Businesscom and join the Executive Circle of the CANCOM Group.
"The upcoming integration of K-Businesscom and its subsidiaries into the CANCOM Group opens up a lot of potential for all employees, partners and customers," said Rüdiger Rath. "We look forward to launching new and interesting projects with our colleagues in the coming months and to jointly expanding our position in the European IT market."

Forecast for CANCOM Group updated
As the contribution of KBC Beteiligung GmbH Groupis expected to be included in CANCOM Group's results for the 2023 financial year from 1 June 2023, the forecast development of CANCOM Group changes. The Executive Board now assumes the following development in financial year 2023 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 help our customers reduce the complexity of their IT and expand their business success through the use of state-of-the-art technology. To holistically map the IT needs of companies, organizations, and the public sector, CANCOM offers custom-fit 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 CANCOM's extensive expertise and a holistic and innovative portfolio that covers all the IT requirements companies need for a successful digital transformation. 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's headquarters are in Munich. CANCOM generated revenues of around €1.3 billion in 2022. The Group's 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 solutions and services 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 accompanies its customers in 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 Kapsch Group's 130 years of innovation and KBC's many years of experience as a market leader in 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 digitization expertise, KBC therefore intends 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

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