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German CompuGroup expands to Netherlands with Euroned.

MANews-(C)2009-2010

German medical software company CompuGroup Medical AG (ETR:COP) said in a statement it had taken over Dutch sector player Ascon Software BV (Euroned) for EUR15m (19.7m) in cash.

Euroned offers solutions for the e-Health sector and sees sales of some EUR10.8m and EBITDA of EUR2.8m for 2010.

The deal will enable CompuGroup to boost its activities in Europe by stepping on the Dutch market, the company said.

The price will be funded via CompuGroup's current credit facilities.Country: , NetherlandsSector: Computer Software, HealthcareTarget: Ascon Software BVBuyer: CompuGroup Medical AGDeal size in USD: 19.7mType: Corporate acquisitionFinancing: Debt, Existing resourcesStatus: Closed

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Publication:M & A Navigator
Date:Dec 23, 2010
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