Cancom SE’s Acquisition of Ocean Intelligent Communications Ltd.

Heuking Kühn Lüer Wojtek and Stevens & Bolton LLP advised on the transaction.

CANCOM SE finalized the acquisition of UK-based Ocean Intelligent Communications Ltd. The company’s founders and parts of management have taken out a minority interest in the new holding company so that CANCOM will end up holding 82.1% in Ocean.

Ocean Intelligent Communications Ltd is a provider of IT infrastructure and IT services with a focus on cloud services. In the future, Ocean will strengthen CANCOM’s international business with a global customerbase and its comprehensive service portfolio. CANCOM intends to use synergies and cross-selling potential in existing markets with this transaction and to grow strategically in Europe.

CANCOM SE is a globally operating listed provider of IT infrastructure and IT services with consolidated sales of well over EUR 1 billion and almost 3,000 employees. The Munich-based company is a digital transformation partner accompanying businesses into the digital future.

Its range of solutions includes consulting, implementation, and services.

Heuking Kühn Lüer Wojtek advised Cancom SE with a team including Boris Dürr (Picture, M&A), Marcel Greubel, (Corporate/M&A), Christian Schild, LL.M. (Corporate /M&A).

Stephens & Bolton advised Cancom SE with Nick Atkins (M&A), Jamie Crawford (Tax) and James Whistler (M&A).

 

Involved fees earner: Nick Atkins – Stephens & Bolton; James Whistler – Stephens & Bolton; Jamie Crawford – Stephens & Bolton; Boris Dürr – Heuking Kühn Lüer Wojtek; Marcel Greubel – Heuking Kühn Lüer Wojtek; Christian Schild – Heuking Kühn Lüer Wojtek;

Law Firms: Stephens & Bolton; Heuking Kühn Lüer Wojtek;

Clients: Cancom SE;