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q.beyond reviews potential sale of colocation business - Seite 2

Three focuses for acquisitions

Just like acquisitions, divestments also form part of the "2020plus" growth strategy. In 2019, q.beyond sold its traditional telecommunications business while in 2020 it took over the software engineering specialist Incloud in its entirety. Acquisitions of further technology companies are planned for 2021 and the years ahead. Here, the company has set three key focuses: First, by making acquisitions it aims to strengthen or broaden its sector focus. Second, the acquisitions should assist targeted extension in its product portfolio, for example in the field of enterprise software. Third, acquisitions should supplement existing technological expertise to enhance the company's position in forward-looking markets such as cloud services, data analytics, embedded software, IoT and artificial intelligence.

Accelerated growth also driven by acquisitions

With an equity ratio of 74%, net liquidity of around € 40 million and no debt, q.beyond is already strongly positioned for potential acquisitions. The possible sale of most or all of IP Exchange GmbH would further significantly increase the company's financial leeway and create further options. Jürgen Hermann states the core objective: "We will accelerate our growth in the years ahead."

 

About q.beyond AG

q.beyond AG is the key to successful digitalisation. We help our customers find the best digital solutions for their business and then put them into practice. Our strong team of 900 people accompanies SME customers securely and reliably throughout their digital journey. We are experts in Cloud, SAP and IoT.

q.beyond AG resulted from the rebranding of QSC AG in September 2020. With nationwide locations and its own certified data centres, it is one of Germany's leading IT service providers.

Contact

q.beyond AG
Arne Thull
Head of Investor Relations/Mergers & Acquisitions
T [phone]
[e-mail]
www.qbeyond.de

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27.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.