SOLUTIONS 30 : New acquisition in Germany and the signing of a ?70 million, 3-year contract
(Thomson Reuters ONE) -
Solutions 30, Europe's leading provider of Solutions for New Technologies,
announces it has acquired a 100% stake in Vodafone Kabel Deutschland Field
Services GmbH (VKDFS). A Vodafone subsidiary located in Nuremberg, VKDFS will be
consolidated in Solutions 30's accounts as of 1(St) July 2017. This acquisition
is accompanied by the signing of a ?70 million, 3-year contract with the
Vodafone group in Germany.
Even stronger presence in Germany
The acquisition of VKDFS strengthens Solutions 30's position as the leading
European partner for last-mile solutions. Located in Nuremberg, VKDFS will be
the Solutions 30 Group's base for development in Bavaria, the second wealthiest
region in Germany. Solutions 30 can now draw on a technical and sales force of
400 people in Germany, a powerful driver for boosting growth across the globe.
The first major contract in Germany
VKDFS includes Vodafone's support and assistance services, involved in the roll-
out of high-speed internet in Germany. The company achieved turnover of ?23
million in 2016, with a headcount of 50 people. As part of this acquisition,
Solutions 30 signed a 3-year contract with Vodafone of ?23 million per year,
i.e. ?70 million in total.
Gianbeppi Fortis, Chairman of the Solutions 30 Executive Board, commented:
"Thanks to this acquisition, we are strengthening our position as the unifier of
a market that is still very fragmented in Germany. This first operation in
Bavaria was a strategic decision for the Group as it is a particularly fast-
growing region, which borders Baden-Württemberg where we are already present."
Karim Rachedi, Chief Operating Officer of Solutions 30, also commented: "This
geographical proximity will facilitate the integration of the VKDFS teams within
the Group, in order to offer new potential for development."
External growth policy continued
The Group is looking to continue strengthening its position as European leader
and is continually seeking any external growth opportunities, particularly in
Germany, France and Italy. To this end, Solutions 30 decided to form a bank
consortium and restructure its debt:
* Establishment of a credit line of ?35 million over 6 years, to support its
offensive external growth policy;
* Renegotiation of the medium-long term debt for an amount of ?30 million over
6 years, and the short-term debt for an amount of ?10 million, confirmed for
5 years.
Next key date:
25 July, 2017 Q2 2017 turnover
About SOLUTIONS30
The SOLUTIONS 30 Group (ex PC30) is Europe's leading provider of Solutions for
New Technologies. Its mission is to make the technological changes that
transform our daily lives accessible for everyone, individuals and businesses
alike: yesterday computers and the Internet, today, digital; tomorrow, the
technologies that will make the world ever more connected in real time. Since
its founding, the Group has handled more than 10 million calls by drawing on a
network of 3,700 regional technicians. At present, SOLUTIONS 30 covers the whole
of France, Italy, Germany, the Netherlands, Belgium, Luxembourg and Spain.
SOLUTIONS 30 S.E.'s capital comprises 20,440,516 shares, with an identical
number of theoretical and exercisable voting rights.
SOLUTIONS 30 S.E. is listed on the Alternext market - ISIN FR0013188844 - code
ALS30, eligible for the PEA-PME share savings plan, and on the Frankfurt stock
exchange on the XETRA electronic system (ISIN FR0013188844 - code 3OL2)
For more information, go to www.solutions30.com
+352 2 648 19 17 +33 (0) 6 88 48 48 02 | samuel(at)edifice-
communication.com
GENESTA Finance
Hervé Guyot Nathalie Boumendil | Investor relations
+33 (0)1 45 63 68 60 | hguyot(at)genesta- +33 (0) 6 85 82 41 95 |
finance.com nathalie(at)edifice-communication.com
Contacts
SOLUTIONS 30 EDIFICE COMMUNICATION
Nezha Calligaro | Cash Manager Samuel Beaupain | Relations Presse
+352 2 648 19 17 06 88 48 48 02 | samuel(at)edifice-
communication.com
GENESTA Finance
Hervé Guyot Nathalie Boumendil | Relations
Investisseurs
01 45 63 68 60 | hguyot(at)genesta- 06 85 82 41 95 | nathalie(at)edifice-
finance.com communication.com
PR SOL 30 06/08:
http://hugin.info/143517/R/2111433/802784.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SOLUTIONS 30 via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.06.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 546920
Anzahl Zeichen: 5725
contact information:
Town:
Luxembourg
Kategorie:
Business News
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