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M&A Deal Summary

Cancom Acquires Cancom Austria

On April 14, 2023, Cancom acquired information technology company Cancom Austria from Invest

Acquisition Highlights
  • This is Cancom’s 7th transaction in the Information Technology sector.
  • This is Cancom’s 1st transaction in Austria.

M&A Deal Summary
Date 2023-04-14
Target Cancom Austria
Sector Information Technology
Buyer(s) Cancom
Sellers(s) Invest
Deal Type Merger

Target

Cancom Austria

Wien, Austria
Cancom Austria is an ICT solutions and service provider and digitalisation partner. Cancom Austria combines certified technology expertise with industry know-how as a consultant and end-to-end digital business engineer. Cancom Austria was founded in 1998 and is based in Wien, Austria.

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Buyer(S) 1

Buyer

Cancom

Munich, Germany
Category Company
Founded 1992
Sector Information Technology
Employees5,671
Revenue 1.8B EUR (2024)
DESCRIPTION

Cancom is an IT cloud business transformation partner in Europe. Cancom was founded in 1992 and is based in Munich, Germany.

DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 7 of 7
Type: Merger M&A Deals 1 of 1
Country: Austria M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Cancom UK&I

Wisborough Green, United Kingdom

Cancom UK&I delivers a range of technology services across the public and private sectors, holding the highest accreditations from technology and software leaders, leveraging UK&IE data centres that hold many certifications, including Government Official Status. Cancom UK&I was formed in 1990 and is based in Wisborough Green, United Kingdom.

Sell €398M

Seller(S) 1

SELLER

Invest

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 200M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Invest is the investment arm of Raiffeisen bank group and looks to make long-term equity and mezzanine investments in small to mid-sized Austrian and German companies. Invest was established in 1984 and is headquartered in Linz, Austria.

DEAL STATS #
Overall 10 of 11
Sector: Information Technology M&A 2 of 2
Type: Merger M&A Deals 1 of 1
Country: Austria M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-04 FirmenABC

Munich, Germany

FirmenABC is a specialist in development and distribution of online and cross-media advertising services for SMEs in Austria and Germany. FirmenABC is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-04 DIGIT4U

Munich, Germany

DIGIT4U offers digitalization consulting for companies and public institutions. DIGIT4U was founded in 2012 and is based in Munich, Germany.

Buy -
Mergr

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