Ordina announces intention to sell ORMIT
(Thomson Reuters ONE) -
Nieuwegein, the Netherlands, 14 October 2010
Ordina announced today that it plans to sell ORMIT B.V. and ORMIT België N.V.,
both fully owned subsidiaries. Ordina has signed a letter of intent for the sale
with ORMIT's current management and the investors Van Lanschot Participaties and
Berk Partners. After having been sold, ORMIT, a specialist in management
development, will become an independent entity. The sale of ORMIT is prompted by
Ordina's earlier made strategic choice to focus fully on its core activities in
the areas of consulting, ICT and outsourcing. Subject to the usual reviews, the
sale will be completed by the beginning of November.
ORMIT employs about 150 people. For the full year 2010, ORMIT expects to
generate a revenue of EUR 14 million, at an EBITDA of EUR 1.3 million. Closing
of the sale will take place based on the situation of 30 June 2010. The selling
price of ORMIT amounts EUR 11.7 million.
ORMIT, a specialist in management development, trains recent university
graduates to become successful managers. ORMIT also advises and assists
organisations in developing management traineeships and management potential.
Ordina has decided to sell ORMIT because of the further fine-tuning of its
strategic course. Ordina chooses deliberately to pursue a clear strategy
focusing on consulting, ICT and outsourcing services. The decision to sell ORMIT
was driven by the lack of synergy between ORMIT's specialist services and
Ordina's core activities. ORMIT's carve-out will further fine-tune Ordina's
profile, while at the same time offering ORMIT a solid foundation for further
growth in line with its own strategy.
About Ordina
With our about 3,800-strong workforce in the Netherlands and Belgium, Ordina
aims to improve the business processes of enterprises by providing advisory
services, developing supporting applications or taking on a wide range of
business processes, including ICT. 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, Director Corporate Communications
Tel: +31 (0)30-663 7402
www.ordina.com
[HUG#1451062]
Ordina announces intention to sell ORMIT:
http://hugin.info/130778/R/1451062/392877.pdf
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Source: Ordina via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 14.10.2010 - 07:55 Uhr
Sprache: Deutsch
News-ID 45515
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contact information:
Town:
Nieuwegein
Kategorie:
Business News
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