Proact completes sepago acquisition
Proact confirms it has now successfully completed the acquisition of German IT consultancy company sepago, as announced on 21st June 2022.
Through sepago’s over 85 employees, Proact strengthens its digital transformation services based on cloud-first technologies such as Microsoft Azure, Microsoft 365 and Citrix virtual desktops. sepago’s capabilities in IT security and transformation migration consultancy are additionally set to further boost Proact’s current offering.
The purchase price amounts to EUR 12 million in base price and an additional EUR 4 million earn-out, on a cash-free and debt-free basis, which corresponds to 5-6 times EBITA. The earn-out will be paid out over a period of 2.5 years subject to sepago reaching certain EBITA levels and operational KPIs. The transaction is expected to contribute to approximately EUR 15 million in increased annual revenues for Proact. sepago and its employees will be an important part of Proact’s German operations.
This disclosure contains information that Proact IT Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-07-2022 14:45 CET.
For further information, please contact:
Jonas Hasselberg, CEO and President, Proact IT Group AB, +46 722 13 55 56, jonas.hasselberg@proact.eu
Linda Höljö, CFO and IR, Proact IT Group AB, +46 72 507 40 85, linda.holjo@proact.eu
René Schülein, Business Unit Director Central, Proact Deutschland GmbH, tel. +49 911 30 999 777, rene.schuelein@proact.de
About Proact
Proact is Europe’s leading specialist in data and information management with focus on cloud services and data centre solutions. We help our customers to store, connect, protect, secure and drive value through their data whilst increasing agility, productivity and efficiency. We’ve completed thousands of successful projects around the world, have more than 4,000 customers and currently manage hundreds of petabytes of information in the cloud. We employ over 1,000 people in 13 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), was listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact’s activities please visit us at www.proact.eu
About sepago GmbH
sepago GmbH is a leading IT consulting and service company in Germany for cloud computing, IT security and organizational consulting. We support medium-sized and large companies on their way to digital transformation and ensure that users can work securely, with high performance and flexibility and are equipped with modern IT. We bring our conceptual strength, our process know-how, our technical expertise and the solutions of our partners Microsoft and Citrix as important solution building blocks for our customers. Founded in 2002 in Cologne, the sepago team has grown to more than 80 colleagues with three locations in Cologne, Hamburg and Munich. Various very good rankings at "Great Place to Work" over the years continue to prove sepago's very good work culture. www.sepago.de
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