Proact and sepago

Proact has signed an agreement to acquire sepago in Germany and accelerates its public cloud capabilities

Proact  has signed an agreement to acquire the German IT consultancy company sepago GmbH to enhance Proact’s market presence and expertise in delivering public cloud transformation and IT consultancy capabilities to the large and medium-sized enterprise segment. The acquisition is expected to close in early July. 

Acquisitions are an important part of Proact’s growth strategy, with the purpose of broadening its services and expanding its hybrid cloud offerings. sepago will bring new cloud services and expertise to Proact, which is in line with the company’s strategy and previous acquisitions.

Through sepago’s over 85 employees, Proact strengthens its digital transformation services based on cloud-first technologies such as Microsoft Azure, Microsoft 365 and Citrix virtual desktops. sepago’s capabilities in IT security and transformation migration consultancy are additionally set to further boost Proact’s current offering.

Jonas Hasselberg, CEO and President of Proact IT Group AB, comments:
“It is with great pleasure that we welcome sepago’s employees into the Proact family. We share the same passion to enable our customers to drive business value through data. Like Proact, sepago has a great market reputation amongst both customers and vendors. Together we will have a broader geographical presence of market-leading hybrid cloud solutions, and sepago’s distinct consultancy approach will be an excellent complement to Proact’s strength within managed services and infrastructure.”

Paul Lütke Wissing, Managing Shareholder and co-founder of sepago GmbH, comments:
“sepago has more than 20 years of experience in IT consulting on topics such as data centre, public cloud transformation and IT security. We can leverage this, in combination with the portfolio and capabilities Proact brings to the table, to present an improved offering to customers. Together with Proact, we can use this enhanced offering to create more opportunities for our employees. For these reasons, Proact is the perfect fit for us.”

Claus Friedrichs, Managing Shareholder and co-founder of sepago GmbH, comments: 
“sepago is known as a skilled company and strong cultural brand in Germany. I am very pleased that we share the same cultural values as Proact. From our employees’ point of view, we will be able to learn from each other’s expertise and offer even more exciting services and projects that will give us a unique position in the market.”

The purchase price amounts to EUR 12 million in base price and an additional EUR 4 million earn-out, on a cash-free and debt-free basis, which corresponds to 5-6 times EBITA. The earn-out will be paid out over a period of 2.5 years subject to sepago reaching certain EBITA levels and operational KPIs. The transaction is expected to contribute to approximately EUR 15 million in increased annual revenues for Proact. sepago and its employees will be an important part of Proact’s German operations.

This disclosure contains information that Proact IT Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 21-06-2022 08:00 CET.

For further information, please contact:
Jonas Hasselberg, CEO and President, Proact IT Group AB, tel. +46 722 13 55 56, jonas.hasselberg@proact.eu
Linda Höljö, CFO & IR, Proact IT Group AB, tel. +46 72 507 40 85, linda.holjo@proact.eu
René Schülein, Business Unit Director Central, Proact Deutschland GmbH, tel. +49 911 30 999 777, rene.schuelein@proact.de 

About Proact
Proact is Europe’s leading specialist in data and information management with focus on cloud services and data centre solutions. We help our customers to store, connect, protect, secure and drive value through their data whilst increasing agility, productivity and efficiency. We’ve completed thousands of successful projects around the world, have more than 4,000 customers and currently manage hundreds of petabytes of information in the cloud. We employ over 1,000 people in 13 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), was listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact’s activities please visit us at www.proact.eu

About sepago GmbH
sepago GmbH is a leading IT consulting and service company in Germany for cloud computing, IT security and organizational consulting. We support medium-sized and large companies on their way to digital transformation and ensure that users can work securely, with high performance and flexibility and are equipped with modern IT. 
We bring our conceptual strength, our process know-how, our technical expertise and the solutions of our partners Microsoft and Citrix as important solution building blocks for our customers. 
Founded in 2002 in Cologne, the sepago team has grown to more than 80 colleagues with three locations in Cologne, Hamburg and Munich. Various very good rankings at “Great Place to Work” over the years continue to prove sepago’s very good work culture. www.sepago.de

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