Ordina sells Integer
(Thomson Reuters ONE) -
Nieuwegein, the Netherlands, 24 August 2010
Ordina announced today that Integer, one of its fully owned subsidiaries, has
been sold to become an independent entity. The Integer Group, comprising of
Integer Noord Nederland B.V., Integer Zuid Nederland B.V. and Integer TWO B.V.,
will be acquired by Integer's current management and a number of investors.
Ordina sold all shares in the Integer Group at their price as per 31 May 2010.
The sale has a limited positive effect on the net debt of Ordina N.V. and is
expected to be finalised within a few weeks.
The Integer Group has a headcount of about 185. In 2009, the Integer Group
generated a revenue of approximately EUR 28.5 million. Despite the difficult
market developments, this resulted in a nearly break-even result from operating
activities. Revenue stood at EUR 11.5 million while recurring EBITA was
negative.
The decision to sell the Integer Group is a natural progression of Ordina's
fine-tuning of its strategic course.
All involved are convinced that the separation of the Integer Group offers a
solid foundation for growth and continuity that is entirely in keeping with the
wishes of Integer's staff and clients.
About Ordina
With our about 3,800-strong workforce in the Benelux, Ordina aims to improve the
business processes of enterprises by providing advisory services, developing,
implementing, integrating and managing ancillary applications or taking on a
wide range of business processes, including ICT support. Ordina N.V. was
incorporated in 1973. Its shares are listed on Amsterdam's Euronext Stock
Exchange, where they are included in the Midkap Index.
For more information, please contact:
Ordina N.V.
S.E.M. Huuskes
Tel: +31(0)30-663 7402
www.ordina.nl
[HUG#1439730]
24-08-2010 - Press Release - Ordina sells Integer:
http://hugin.info/130778/R/1439730/384086.pdf
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Source: Ordina via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 39905
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contact information:
Town:
Nieuwegein
Kategorie:
Business News
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