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.
Keywords
Images
About Columbus Global
Columbus is a global digital consultancy headquartered in Ballerup, Denmark. Our mission is to help ambitious companies transform, maximize, and futureproof their business digitally. Columbus employs more than 1,800 digital advisors focused on the retail & distribution, food and manufacturing industries. We offer end-to-end digital solutions like cloud, digital commerce, data & analytics and application management that help our customers run a sustainable. Columbus has offices and partners all over the world and we can deliver our 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
Søren Krogh Knudsen appointed new CEO of Columbus23.4.2021 09:11:42 CEST | Pressemeddelelse
Søren Krogh Knudsen will take up the position as President & CEO of Columbus. Søren joins from a position as Partner and Regional Head of PA Consulting Group in the Nordics as well as Global Head of Sales for PA Consulting Group. He is an experienced international leader within the management consultancy industry and has a very strong track record.
Columbus divests subsidiaries in Estonia and Lithuania to further focus the business30.3.2021 11:03:41 CEST | Press release
Columbus has divested the subsidiaries in Estonia and Lithuania. The divestment is part of Columbus’ Focus23 strategy to strengthen Columbus’ focus on larger companies in key markets.
Annual Report 2020: Satisfying result in a challenging year16.3.2021 09:49:11 CET | Pressemeddelelse
Today, Columbus has published the annual report for 2020 - a year where the company demonstrated the ability to act in the changing market conditions. Revenue decreased by 6% but with a rapid adjustment of the cost base, its was possible to increase normalized EBITDA margin to 7.3%. 2020 was also the year, where we launched our new growth strategy, Focus23. The new strategy focuses on digital advisory of larger customers in key markets and consequently it was decided to divest the software company To-Increase and the Private Cloud business.
Columbus is awarded Global Partner 2020 of the Year by Medius15.3.2021 13:45:03 CET | Nyhed
Columbus has been named Global Partner 2020 of the Year by Medius, thanks to strong sales and satisfied customers.
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 enters into agreement regarding divestment of To-Increase22.12.2020 00:00:00 CET | Press release
Copenhagen, 22 December 2020: Columbus A/S has entered into an agreement to divest its software subsidiary To-Increase to Gilde Buy-Out Partners and the management of To-Increase for a price (Enterprise Value) of EUR 113m. The agreement has been entered into following a binding offer which Columbus received from Gilde Buy-Out Partners today. The transaction is subject to Works Council consultation procedures being finalized in accordance with Dutch law. The transaction is expected to be completed during January 2021. The agreement is part of the strategic review of Columbus’ portfolio and follows the decision made by Columbus’ Board of Directors to initiate a structured sales process to explore the possibility of divesting the software company To-Increase as part of Columbus’ new strategic direction to become a global consultancy. This decision was announced in Company Release no. 16/2020 of 28 October 2020. Columbus’ decision of becoming a true global consultancy entails a more focuse
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