Mergers, acquisitions, partnerships

Possible sale not ruled out

q.beyond is examining the sale of its existing colocation business IP Exchange alongside other strategic options.

Since January 1, 2021, the IT service provider's housing and hosting business has been concentrated in the wholly-owned subsidiary IP Exchange. This company has three data centers in Munich and Nuremberg. The aim of the spin-off was to expand the strategic options in the investment-intensive business area and, in particular, to open up for partnerships or a sale.

As the decision in favor of one of these strategic options requires knowledge of key market conditions, the Management Board has decided to initiate a structured process to determine the potential of a possible sale.

The approval of a majority or complete sale of the wholly-owned subsidiary is subject to very attractive conditions. q.beyond CEO Jürgen Hermann explains the decision: "The colocation business has been delivering solid revenue and earnings contributions for years and we are under no pressure to act. However, the synergy contributions to our cloud, SAP and IoT business are low and the additional liquidity would further increase the scope for acquisitions."