Columbus completes the divestment of To-Increase
Today, Columbus has completed the divestment of the software company To-Increase. The divestment is part of Columbus’ Focus23 strategy, which strengthens Columbus’ position as the customers’ digital trusted advisor.
Today, Columbus has completed the divestment of the subsidiary To-Increase to Gilde Buy Out Partners and the management of To-Increase for at price (Enterprise Value) of EUR 113m.
The divestment of To-Increase is part of Columbus’ new strategic direction to become a global consultancy and digital advisory company. The decision led Columbus to explore the opportunities to identify a buyer of To-Increase with a more aligned strategy and in a better position to realize the full potential of To-Increase.
“I would like to thank Gilde for the good cooperation during the negotiation and closing of the agreement, and I am sure that Gilde is the right match for taking To-Increase to the next level. Columbus has already initiated the execution of the Focus23 strategy which focuses the business on becoming a digital trusted advisor for our larger customers. I am convinced that our new strategic direction entails great potential for Columbus’ customers, employees and shareholders”, says Ib Kunøe, Chairman of the Board in Columbus.
The Focus23 strategy entails a more focused and simplified operation with increased customer centricity and a more digital advisory approach with the goal of unleashing the full growth potential and make it possible to gradually increase profitable growth to minimum 10% annually in 2023.
Columbus is committed to support and resell To-Increase Software as a global strategic A-Partner and To-Increase is continuing to enable Columbus as a successful strategic partner.
Columbus will comment further on the proceeds from the sale of To-Increase in connection with the Annual Report 2020, which is scheduled to be released on 16 March 2021.
About Columbus Global
Columbus is a global IT services and consulting company with more than 2,000 employees serving 5,000+ customers worldwide. Columbus helps ambitious companies to maximize, transform and futureproof their business digitally. Columbus’ innovative solutions and services portfolio 9 Doors to Digital Leadership® delivers end-to-end digital solutions like cloud ERP, Digital Commerce, Data & Analytics, and Application Management that address the lifecycle and sustainability demands of the retail, distribution, food, and manufacturing industries. Columbus was founded in 1989 and is headquartered in Denmark with offices and partners all over the world, delivering solutions and services locally—on a global scale.
Subscribe to releases from Columbus Global
Subscribe to all the latest releases from Columbus Global by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Columbus Global
Atea acquires Columbus’ Private Cloud business5.1.2021 14:54:35 CET | Press release
With the acquisition of Columbus’ Private Cloud business area, Atea is further boosting two significant growth areas; cloud and managed services. The sale is part of Columbus’ Focus23 strategy, which reinforces Columbus’ position as the customers’ preferred digital advisor.
Columbus launches new strategy - focus on digital advisory and customer value12.11.2020 09:51:14 CET | Pressemeddelelse
The global consultancy Columbus launches new three-year strategy, Focus23, with the goal of positioning the company as the digital trusted advisor for larger customers. Increased customer value and a simplified operating model will unleash the full growth potential in the company.
Strategic collaboration enables Life Science companies to adopt a cloud strategy6.11.2020 09:10:53 CET | Pressemeddelelse
Strategic collaboration between Columbus and Epista Life Science enables the conservative Pharmaceutical Industry to move their ERP system to the cloud AND stay in control of quality.
Tina Algkvist joins Columbus to accelerate the development of Columbus’ global Infor M3 business24.9.2020 10:24:13 CEST | Press release
Tina Algkvist will lead Columbus’ global Infor M3 Business Unit with focus on customer centricity, business expansion and strong partnership with Infor.
CEO & President Thomas Honoré is leaving Columbus27.8.2020 16:31:16 CEST | Press release
Columbus A/S has agreed with Thomas Honoré that he will leave his position as CEO & President in Columbus as of today. Group CFO Hans Henrik Thrane is appointed temporarily as CEO.
Columbus delivers 23% EBITDA growth in Q219.8.2020 09:19:31 CEST | Press release
Columbus delivers a satisfactory first half of the year despite COVID-19. In the second quarter, revenue declined by 7% which was compensated by a growth in operating profit of 23% (EBITDA). A rapid adjustment, progress in key business areas and dedicated employees have driven the results.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom