GRUPO CIMCORP, under the leadership of its CEO Nana Baffour, along with a group of investors, acquires GETRONICS’ global operations in a €220 million deal

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GRUPO CIMCORP’s CEO leads a group of investors and acquires control of GETRONICS global operations, including CONNECTIS, its brand for Latin America and Brazil

São Paulo, July 6th 2017 – GRUPO CIMCORP, under the leadership of its CEO Nana Baffour, along with a group of investors, announced the acquisition of GETRONICS’ global operations, including CONNECTIS, its brand for Latin America and Brazil. The deal was advised by investment bank Raymond James, legal counsel from CMS – Cameron McKenna Nabarro Olswang LLP, Lang Business Law, Demarest Advogados and Nautah Dutilh, and financed by prestigious investors and partners, such as White Oak Global Advisors, Permira PDM, H.I.G. WhiteHorse, Investec PLC and strategic investor Servest Limited.

Nana Baffour, now Chairman & Chief Executive Officer of GETRONICS, will lead a company of over 4,500 employees, 3,000 customers and an annual revenue of over €500 million in 2016, with offices in Germany, Argentina, Belgium,  Brazil, Chile, Singapore, South Korea, Spain, Philippines, France, Netherlands, Hungary, Italy, India, Luxembourg, Malaysia, Portugal, UK, Taiwan and Thailand, and reach over 100 countries in a coordinated and standardized service delivery pattern through its GWA network – Global Workspace Alliance, with 11 international partners.

GETRONICS is one of the global leaders in the ICT business, providing solutions for Workspace Management, Managed Cloud, UC&C, Network and Applications and its acquisition strengthens the value creation proposal of GRUPO CIMCORP and provides new opportunities through joint operations in Brazil and Latin America, increasing its global footprint.

GRUPO CIMCORP and GETRONICS/CONNECTIS will operate under independent operations and management, but the synergy between the companies will allow market exploration with strategic solutions aligned with global tendencies.

According to Rogério Dias, EVP & COO of GRUPO CIMCORP, “this acquisition is a big step up for the group and puts us in a strategic position among market leaders and consolidates our expansion strategy”. “It’s a big step towards the internationalization of our operations and the development of a robust business platform, which reinforces our expansion strategy in the ICT market”, said Nana Baffour.

About Getronics: The Getronics family is an ICT Services group consisting of the Getronics and Connectis brands. With a rich history that extends over 125 years, the Getronics family has nearly 4,500 employees in 22 countries across Europe, Asia Pacific & Latin America, and has a complete portfolio of integrated ICT services for the large enterprise and public sector markets. These include Workspace, Applications, Unified Communications, Data Centre, Cloud, Consulting, Partner Technology, Managed Services and Security.

Getronics is a leading member of the Global Workspace Alliance, a unique model that provides customers with a consistent IT service throughout the world, with one single point of contact and billing entity, delivering services to over 90 countries.

About Grupo Cimcorp: One of the 10 most important ICT service providers in Brazil, it offers innovative solutions in network, datacenter, cloud computing, UC&C and workspace. With over 600 employees and 3,000 customers throughout the Brazilian territory, its mission is to support its customers on the Digital Transformation journey.

Contact Grupo Cimcorp:

Gilberto Caparica Neto

Executive Director

Marketing & Innovation

+55 11 9 7558-1818