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Columbus makes offer to buy Swedish iStone

30 November, 2017
News

Today, Columbus has submitted an offer to buy 100% of the shares in iStone, a leading it-services company within business applications and e-commerce solutions in Sweden and Norway. Columbus hereby enters the Swedish market and at the same time occupies a market leading position within selected industries in the Nordic region.

Copenhagen 30 November 2017: Today, Columbus (OMX: COLUM) announces a conditional offer to buy 100% of the shares in iStone, a leading IT services company within business applications and e-commerce solutions in Sweden and Norway.  

With the acquisition of iStone Columbus enters the Swedish market and at the same time holds a market leading position within business applications and IT services in selected industries in the Nordic region. iStone adds more than 600 highly skilled employees from across 13 countries, and Columbus hereby expands its global footprint.

Columbus and iStone

“We look forward to welcoming iStone’s skilled employees. Together we are market leading in the Nordic region and an important global player, and I am excited about how we will jointly create value for our customers and help them in the digital transformation of their business”, says CEO and President in Columbus, Thomas Honoré.

Besides common industry focus on manufacturing, food, retail and distribution companies iStone comes with a market leading position within ERP solutions for the Swedish manufacturing industry. Combined with Columbus’ complete portfolio of industry solutions for manufacturing companies it opens new opportunities for creating further value for iStone’s existing and new customers.

iStone is the largest independent Infor M3 partner globally, and is at the same time leading supplier of solutions within Microsoft, e-commerce and SAP. Combined with Columbus’ market leading Microsoft competencies and solution portfolio Columbus expands its technology competencies, thus appealing to a larger market.

“We look forward to being part of a global player as Columbus. iStone and Columbus are a very good match both businesswise and culturally, and I look forward to realizing the opportunities we can create for our employees, customers and partners”, says CEO in iStone, Markus Jakobson.

The acquisition of iStone is a game changer for Columbus, which in one stroke has increased the revenue by 50% completely in line with Columbus’ vision of becoming a global strategic partner leading our customers in the digital transformation of their business.

iStone’s Board of Directors recommends that their shareholders accept Columbus’ offer, and Columbus expects closing of the agreement by 2 January 2018.

Columbus and iStone

About Columbus
Columbus is an Danish listed IT services company serving with 1,300 employees globally. We are experts in developing and providing digital business applications that help our customers in the digital transformation of their business. We are specialist within the industries retail, food and manufacturing and we have more than 25 years of experience. Columbus has offices in 10 countries and partners all over the world.
www.columbusglobal.com

About iStone

iStone is a Swedish business and IT corporation employing more than 600 people in 13 countries worldwide. Our experienced consultants implement and upgrade carefully selected, market-leading software, helping our customers to develop their business. All on the basis of in-depth system and industry knowledge, a well-proven methodology, and with sustainable responsibility. iStone’s customers counts companies like Lindex, Pågen, Toyota, Höganäs and Maersk Container Industry.
www.istone.com

 

Read the stock exchange release here