Columbus divests US SMB Enterprise Unit as a part of focus
Release no. 32/2021
Corporate announcement
Columbus A / S today reached an agreement to sell its US Microsoft Dynamics SMB business to Microsoft cloud company Enavate, based in Colorado, USA
As part of Columbus’ Focus23 strategy to focus on digital consulting and services for larger customers, the company has entered into an agreement with the US-based Microsoft cloud company Enavate to acquire the SMB business unit in Columbus US.
“The sale of the US SMB business unit is part of Columbus’ new strategic direction to simplify business and focus on digital consulting and services for larger companies. The divestment ensures that our SMB customers are partnering with a company that is strategically focused on solutions that meet their business needs, ”said Søren Krogh Knudsen, CEO & President, Columbus.
The Columbus market approach in the USA is divided into two business areas:
- An enterprise business unit that serves larger customers and focuses 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 sale includes the SMB business unit with 55 employees and 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 the demands of businesses to move to the security, continuity and convenience of the cloud. In addition to the technical and customer-centric expertise of these professionals, this acquisition will help Enavate meet the growing demand for on-time, on-budget, and customer-centric ERP implementations. This acquisition is an important milestone on our way to achieving the goals of our Vision 2024 – the world’s leading provider of Microsoft Dynamics SMB. This team is a great addition to our organization; invested in customer success, ”says Thomas Ajspur, CEO of Enavate.
The Focus23 strategy includes a more focused and simplified way of working with an increased focus on larger customers and a more digital consulting approach with the aim of exploiting the full growth potential and gradually increasing organic growth to at least 10% annually from 2023.
The total net proceeds of USD 16.5 million will be paid in two installments, USD 8.0 million in cash upon completion and an additional USD 8.5 million in cash by April 30, 2022 at the latest. The sale of the US SME business will have only a minor impact on the company’s equity.
Financial importanceications and OutlEven
The sale will have a total annual turnover of approx. DKK 150 million and EBITDA of approx. DKK 25 million.
| Ib Kunøe Søren Krogh Knudsen Chief Executive Officer & President |
For more information please contact: CEO & President, Søren Krogh Knudsen, +45 70 20 50 00 |
About Columbus
Columbus is a global digital consulting company headquartered in Denmark. For over 30 years we have helped more than 5,000 ambitious companies digitally transform, maximize and future-proof their business. Columbus employs more than 1,800 digital consultants and consultants with a focus on manufacturing, retail and distribution, as well as the food and process industries. We offer digital end-to-end services and solutions in the areas of 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 Enavate
Enavate is a technology company transforming businesses and the lives they touch through services and solutions that encompass industry, platform and functionality. As a Microsoft Gold Partner and NetSuite Solution Provider, Enavate’s team of 450 experts helps companies get started with the cloud, maximize technology investments and drive new businesses. We maintain a robust partner network to ensure the availability of a wide range of solutions so that we can meet customer needs and exceed expectations. Enavate provides consulting, software implementations, system upgrades, cloud deployments, and managed IT services to more than 1,800 customers across North America. Visit www.enavate.com to find out more about Enavate, our Vision 2024, our corporate culture and our new approach to helping companies innovate, grow and change.
SE_32_2021_Columbus_divests_US_SMB_business_unit
