Pliezhausen, January 17, 2020. DATAGROUP SE (WKN A0JC8S) today has signed a purchase agreement to acquire 68% of the shares in Diebold Nixdorf Portavis GmbH (Portavis) from Diebold Nixdorf, Incorporated, and thus expands its existing business with high-quality cloud services and operational IT services in the financial sector.
Portavis has around 200 employees providing IT services to customers in the financial services sector and is expected to generate annual revenue of some EUR 60m The company mainly serves Hamburger Sparkasse AG, Die Sparkasse Bremen AG and Hamburg Commercial Bank AG on the basis of long-term service agreements. Hamburger Sparkasse AG and Sparkasse Bremen AG will retain the remaining 32% stake in Portavis.
The transaction comprises 68% of the shares in Portavis. The parties have agreed to keep the purchase price confidential at this time. The transaction is subject to approval by the German Federal Cartel Office.
Max H.-H. Schaber,
CEO of DATAGROUP SE,