Columbus completes the divestment of To-Increase

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.