Columbus divests US SMB Business Unit as part of focus strategy
01 Noviembre 2021 - 11:41AM
Columbus divests US SMB Business Unit as part of focus strategy
Release no. 32/2021
Company announcement
Today, Columbus A/S has entered into an agreement to divest its
US Microsoft Dynamics SMB business to the Microsoft cloud company
Enavate, located in Colorado US
As part of Columbus’ Focus23 strategy to focus on digital
advisory and services to larger customers, the company has entered
into an agreement with the US-based Microsoft cloud company Enavate
to take over the SMB Business Unit in Columbus US.
“The divestment of the US SMB Business Unit is part of Columbus’
new strategic direction to simplify the business and focus on
digital advisory and services to larger companies. The divestment
ensures that our SMB customers have a partnership with a company
with a strategic focus on solutions addressing their business
needs”, says Søren Krogh Knudsen, CEO & President,
Columbus.
Columbus’ market approach in the US is divided into two Business
Units:
- An Enterprise Business Unit serving larger customers focused on
Microsoft Dynamics 365.
- An SMB Business Unit serving small customers focused on
Microsoft Dynamics 365 Business Central, Microsoft Dynamics NAV and
Microsoft Dynamics GP.
The divestment comprises the SMB Business Unit including 55
employees and comprising up to 1,400 customers.
“We are excited to welcome the Columbus team members to Enavate.
This new team will help us keep pace with businesses’ needs to move
to the security, continuity and convenience of the cloud. In
addition to the technical and client-focused expertise delivered by
these professionals, this acquisition will help Enavate meet the
increasing demand for on time, on budget, client focused ERP
implementations. This acquisition is a key milestone in our journey
to attaining the goals of our Vision 2024 - being the worldwide
leader in the Microsoft Dynamics SMB space. This team is a great
addition to our organization; invested in client success”, says
Thomas Ajspur, CEO of Enavate.
The Focus23 strategy entails a more focused and simplified
operation with increased focus on larger customers and a more
digital advisory approach with the goal of unleashing the full
growth potential and make it possible to gradually increase organic
growth to minimum 10% annually from 2023.
The total net proceeds of USD 16.5m are paid in two
installments, USD 8.0m in cash at completion and additional USD
8.5m in cash at the latest 30 April 2022. The sale of the US SMB
Business will have marginal impact on the corporate equity.
Financial Implications and
OutlookThe divestment
will impact full year revenue with approx. DKK 150m and EBITDA with
approx. DKK 25m.
|
Ib
Kunøe Søren
Krogh KnudsenChairman of the
Board CEO
& President |
For further information,
please contact:CEO & President, Søren Krogh Knudsen,
+45 70 20 50 00 |
About ColumbusColumbus is a global digital
consultancy headquartered in Denmark. For +30 years, we have helped
more than 5.000 ambitious companies transform, maximize, and
futureproof their business digitally. Columbus employs more than
1,800 digital advisors and consultants focused on the
manufacturing-, retail & distribution-, and food & process
industries. We offer end-to-end digital services and solutions
within Strategy & Change, Cloud ERP, Data & Analytics,
Application Management, Digital Commerce, and Customer Experience.
Columbus has offices and partners all over the world and we deliver
our solutions and services locally – on a global scale.
www.columbusglobal.com
About EnavateEnavate is a technology company
that transforms businesses and the lives they touch through
services and solutions spanning industry, platform and
functionality. A Microsoft Gold Partner and NetSuite Solution
Provider, the Enavate team of 450 professionals helps organizations
get to the cloud, maximize technology investments and drive new
business. We cultivate a robust partner network to ensure
availability of a broad range of solutions so we may meet client
needs and exceed expectations. Enavate provides consulting,
software implementations, systems upgrades, Cloud deployments and
managed IT services to more than 1,800 clients across North
America. Learn more about Enavate, our Vision 2024, our culture of
empowerment, and our fresh approach to helping companies innovate,
grow and navigate change at www.enavate.com.
- SE_32_2021_Columbus_divests_US_SMB_business_unit
Columbus A/s (LSE:0NPJ)
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