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.
26 January 2021 – 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.
Columbus is a global IT services and consulting company with more than 2,000 employees serving 5,000+ customers worldwide. Columbus helps ambitious companies transform, maximize and futureproof their business digitally. We are specialized within the industries retail, distribution, food and manufacturing. We offer a comprehensive solution portfolio with deep industry knowledge, extensive technology expertise and profound customer insight. Columbus has offices and partners all over the world and we can deliver our solutions and services locally – on a global scale.
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