MUNICH--(BUSINESS WIRE)--The Munich AURELIUS Group (ISIN DE000A0JK2A8) today announces the acquisition of T-Systems subsidiary, Individual Desktop Solutions GmbH (IDS), which it will integrate with its ICT subsidiary, Getronics.
IDS focuses on Onsite Desktop Services and Solutions for prestigious end-users of T-Systems International in Germany and includes 630 employees at 36 locations throughout Germany. With 2013 revenues of approximately EUR 80 million, IDS has a strong customer base across key industry sectors, including several DAX companies as well as public institutions.
The services provided by IDS remain an important part of the portfolio of T-Systems International and will continue to be offered to T-Systems customers via a strategic partnership with the AURELIUS subsidiary Getronics.
"The acquisition of IDS is a big step for AURELIUS in the ICT market. From the outset, IDS will be integrated into the Getronics family, allowing us to strengthen our ICT activities and footprint in the German market" said Dr. Dirk Markus, CEO of AURELIUS. "The integration with T-System will see us benefit from their technology leadership and outstanding sales structure in partnership."
In addition to the increase in sales of the Desktop Solutions business, IDS will be further developed towards higher-value and higher-margin services. IDS will also benefit from Getronics’ expertise in cloud services as well as its heritage in workspace solutions, as businesses continue to introduce virtual and flexible working environments.
"With the AURELIUS Group we have a reliable acquisition partner and with Getronics we have found a strong operating partner for our subsidiary IDS and look forward to a long and successful partnership between the two companies," said Dr. Ferri Abolhassan, member of the Managing Board of T -Systems International.
Mark Cook, Group CEO at Getronics said “IDS is a valuable member of the Getronics family and this acquisition will see us significantly increase our footprint, becoming the leading privately-owned workspace company in Germany.”
The purchase price was not disclosed and the transaction is still subject to approval by the antitrust authorities and is to be completed by mid-2014.
The AURELIUS Group specializes in acquiring companies with development potential and providing them with operational support. With respect to the acquisition of subsidiaries, AURELIUS strives to identify, analyse, develop and exploit all available opportunities in the market. The AURELIUS Group understands itself to be a GOOD HOME for its subsidiaries on a long-term basis. Although its acquisition activities are not limited to a certain sector, AURELIUS has placed a certain emphasis on the following sectors: industrial enterprises, chemicals, business services, consumer goods/food & beverage and telecommunications, media & technology.
AURELIUS has many years of investment and management experience in different industries and sectors. AURELIUS improves the performance of its subsidiaries by providing management capacities and the necessary financial resources for investing in innovative products, sales and research. AURELIUS is a globally active company with offices in Munich and London and subsidiaries in Germany, Great Britain, France, Poland, Hungary, the Netherlands, Switzerland, Norway, Slovakia and Slovenia, as well as China and Malaysia. The shares of AURELIUS AG are traded in the Open Market segment of the Frankfurt Stock Exchange and the m:access of the Munich Stock Exchange under ISIN DE000A0JK2A8. Additional information can be found at www.aureliusinvest.de.
The Getronics family is an ICT Services group consisting of the Getronics and Connectis brands and is owned by the AURELIUS Group, a diversified industrial holding company headquartered in Munich, Germany. With an extensive history that extends over 125 years, the Getronics family has approximately 4,000 employees in 13 countries across Europe, Asia Pacific & Latin America, and has a complete portfolio of integrated ICT services for the large enterprise and public sector markets. This includes Workspace, Applications, Unified Communications, Data Centre, Cloud, Consulting, Product and Managed Services.
Getronics is the lead in the Getronics Workspace Alliance, a unique model that provides customers with a consistent IT service throughout the world, with one single point of contact and billing entity. According to independent research by Ovum in September 2012, the alliance collectively manages 7.4M client end-user devices, positioning it within the top 3 players in the world.