KBC AG becomes part of the CANCOM Group
The two ICT service providers form one of the leading companies in the DACH region with over 5,600 employees.
As of today, two leading digital transformation partners are pooling 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 systems houses in Germany. Since 1992, CANCOM has been accompanying companies, organizations and the public sector into the digital future. As a hybrid IT service provider with 4,000 employees at around 60 locations in Germany, Austria, Switzerland, Belgium and Slovakia, the listed company achieved annual revenues 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 520 million euros.
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, including with its own KBC Cyber Defense Center.
With a broad partner landscape of both companies, an international ecosystem is now created from leading global ICT players such as Microsoft, Apple, AWS, SAP, Cisco and HP, among others, with whom both companies already have long-standing partnerships paired with providers of industry solutions. The comprehensive portfolio of offerings benefits existing customers and also opens up new market potential.
"We have been looking for a long time for a way to bring the CANCOM Group into a noticeably stronger market position faster than would have been possible through organic growth, especially in Austria and Switzerland. 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 K-Businesscom added: "We see the greatest joint growth potential in our ICT service models (XaaS), also particularly in the area of cyber security. The general shortage of skilled workers coupled with constantly growing demands on IT departments and, at the same time, increasingly complex threat scenarios are leading companies and institutions to rely on the bundled expertise and services of external ICT specialists. "
Both companies address focus industries such as healthcare, public and manufacturing, 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 plans 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 systems integrator, which focuses on data centers, networks and security, is headquartered in Zurich and has branch offices in Pfäffikon and Basel. It has 35 employees and generates revenues of approximately 12 million euros."The merger with CANCOM marks a milestone in our DACH growth strategy," explains Jochen Borenich, member of the K-Businesscom Executive Board. "Together, we have the opportunity to actively shape the digital transformation as a leading provider in Europe's strongest economic region. Our technology expertise of over 5,600 employees in combination with our scalable platforms enables us to 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 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 130 years of innovation of the Kapsch Group and the many years of experience of KBC 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.
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 in the coming years to promoting the European data economy in conjunction with corresponding sustainability.
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 help our customers reduce the complexity of their IT and expand their business success through the use of state-of-the-art technology. To meet the IT needs of companies, organizations, and the public sector in a holistic way, CANCOM offers custom-fit IT from A to Z from a single source.
The IT solution portfolio of the CANCOM Group 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 workforce of around 4,000 employees and an efficient partner network ensure market presence and customer proximity in countries including Germany, Austria, Switzerland, and Belgium. 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 parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the SDAX and TecDAX (ISIN DE0005419105).