DGAP-News: Strategic acquisition strengthens Columbus in Manufacturing
(businesspress24) - Columbus IT Partner A/S
01.03.2012 15:04
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Press Release
Copenhagen, March 1st, 2012
Strategic acquisition strengthens
Columbus in Manufacturing
Columbus has today acquired First Tech Direct, a leading manufacturing
consultancy based in the US. The acquisition is a strategic move in line with
Columbus' ambition to further strengthen its global position as an innovative
consultancy to the manufacturing industry.
With First Tech Direct's deep engagement in the manufacturing industry, the
acquisition allows Columbus to leverage First Tech Direct's knowledge and
insights as Columbus seeks to consolidate its position in the global
manufacturing industry. Additionally, Columbus is set to integrate First Tech
Direct's software solutions with a focus on providing the global auto industry
with world class manufacturing capabilities.
'We are thrilled to announce the acquisition of First Tech Direct as it will
enable us to service our global manufacturing customers even better. Growing
our manufacturing consultancy is key for our future growth and we will gain
unrivalled knowledge and insights with First Tech Direct as part of our
business. We are also excited about the massive global potential in their AX
for Auto solution which auto companies such as GM, Penske Racing and Hi-Tech
already use here in the US,' says Thomas Honore, CEO, Columbus.
Since First Tech Direct was founded back in 2002, the company has consistently
increased its market share to become one of the leading manufacturing solution
providers in the US. In 2011 First Tech Direct's revenues amounted to $ 8
million, and in 2012 First Tech Direct expects revenues in the level of USD 9
million.
'We are proud to enter into this agreement with Columbus. Our first priority
has always been to provide knowledge and insights to our customers. With
Columbus, we will be able to continue to grow our knowledge base, expand the
business and invest in our biggest asset; our people', says John S. Silvani,
President&CEO, First Tech Direct.
The acquisition, for an undisclosed sum, is with immediate effect and the First
Tech Direct management will continue in key management roles in the new setup.
Additional information
Thomas Honore, CEO, Columbus
E-mail: tho(at)columbusglobal.com
Telephone: +45 2969 0716
About Columbus
With solid industry know-how, Columbus is a preferred business partner for
ambitious companies within the food, retail and manufacturing sectors.
Columbus' key deliverables include flexible and future-safe ERP, CRM, BI and
related business applications that deliver competitive advantage. We know how
to adapt and implement our proven Microsoft-based solution sets to maximize
efficiency and overall business performance - for immediate impact. Exceeding
20 years of experience and 6,000 successful business cases, Columbus currently
employs over 1,000 dedicated staff working out of 38 offices in 18 countries.
Read more at www.columbusglobal.com.
Click on, or paste the following link into your web browser, to view the associated documents
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News Source: NASDAQ OMX
01.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Columbus IT Partner A/S
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End of Announcement DGAP News-Service
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Datum: 01.03.2012 - 09:04 Uhr
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