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18. Jul 2022 | Corporate News

CANCOM acquires S&L based in Mülheim-Kärlich

v.l.: Götz Schmitt, Vice President bei S&L, Oliver Schmitt, Vice President für Vertrieb/Operations bei S&L, Thomas Stark CFO bei CANCOM
  • CANCOM acquires 100 percent of the shares in all subsidiaries of the system house and IT service group based in Mülheim-Kärlich
  • S&L Group generated revenue of approximately € 15 million in the financial year 2021 and currently has around 100 employees

The Executive Board of CANCOM SE signed an agreement to take over the operating subsidiaries of the S&L Group. CANCOM acquires 100 percent of the shares in S&L Systemhaus GmbH, S&L BusinessSolutions GmbH and S&L ITcompliance GmbH from the parent company S&L Holding GmbH.

The S&L Group is active as an IT service provider for its customers in western Germany and focuses on services and managed services in the Microsoft and Citrix environment as well as on consulting, sales and the implementation of software and hardware. In addition, the group’s portfolio includes offers in the area of IT security, IT compliance and data protection as well as individual software programming of its own products, among others.

The S&L Group, headquartered in Mülheim-Kärlich, generated revenue of around € 15 million in the 2021 financial year with an EBITDA margin of around 12 percent. Despite the Corona pandemic and the global IT supply chain problems, revenue grew by more than 10 percent last year compared to the previous year. The group of companies works for a diversified customer base in the German SME sector with a focus on the logistics, health and automotive sectors, among others, but also has a broad customer base in the municipal sector. Currently, about 100 employees work for the group.

The transaction is in line with the strategic vision CANCOM 2025 and strengthens the CANCOM Group in the DACH region, which is the focus of the communicated strategy.

“S&L represents an ideal regional addition to our CANCOM portfolio in Rhineland-Palatinate and enriches us with outstanding expertise, particularly in the areas of managed services, network technologies and IT compliance. We are also pleased to have the opportunity to welcome well-qualified employees to the CANCOM Group,” says Rudolf Hotter, CEO of CANCOM SE.

About CANCOM

As a leading Digital Business Provider, CANCOM leads companies, organizations and the public sector into the digital future. The range of services and solutions includes classic system house IT solutions as well as data-based digital solutions, managed services and cloud services. We accompany the digital evolution of our customers with passion and technology and support them in reducing the complexity of their IT and developing new business models. We offer a holistic portfolio for all IT and business requirements.

The CANCOM Group’s offering comprises innovative solutions in the areas of Artificial Intelligence, Security & Network, Datacenter & Cloud, IoT Solutions and Modern Workplace and includes services for the entire IT lifecycle – from the provision of IT infrastructures, planning and integration, to support, managed services and XaaS. Customers benefit from the extensive expertise with which their diverse requirements are translated into concrete industry-specific IT solutions to significantly promote their business success.

The more than 5,600 employees of the internationally active CANCOM Group with around 80 locations in the DACH region, Belgium, Slovakia, Romania and the Czech Republic as well as an efficient partner network ensure market presence and customer proximity. The CANCOM Group is managed by Rüdiger Rath (CEO), Jochen Borenich (CSO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM generated annual revenue of around 1.5 billion euros in 2023. The Group parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the TecDAX and SDAX (ISIN DE0005419105).