Qurius announces acquisition of Spanish company Bindar
23 May 2008 - Qurius and the Spanish IT-company Bíndar have signed a
Letter of Intent regarding the acquisition of Bíndar by Qurius.
Bíndar, set up in 1989, is one of the main Microsoft Dynamics
partners in Spain, employs about 80 staff members and has its head
quarters in Madrid. In 2007 Bíndar achieved net sales of 5.9
million. By acquiring this established company of considerable size,
Qurius will improve its scale in Spain, one of the multinational's
key countries.
"Joining forces with Qurius means that I have ensured a stable future
base for my customers and employees as part of my planned
succession," says Joaquin M. Alonso, Bíndar's Managing Director and
ultimate shareholder.
Number one Microsoft partner in Spain
Qurius already holds a rather strong market position in Spain in
Microsoft solutions and services. "However, by increase in scale we
will be able to better respond to the market and to improve the
company's margins," says Tom Stolk, Qurius director and responsible
for the international operations. "Bíndar delivers the same core
Microsoft-based integrated business solutions as Qurius does, but,
having customers in different industries, they complement the Qurius
business. By combining both companies, Qurius Spain will be the
absolute number one in the Spanish market."
Both parties aim to conclude the transaction by September 1st 2008
and have agreed on a transaction price of 6 times Earnings before Tax
2008.
Bíndar S.A.
Bíndar, its headquarters in Madrid and offices covering the Iberian
Peninsula, is one of the leading Microsoft Dynamics suppliers in the
Spanish language market. As the oldest partner for Microsoft Dynamics
NAV in Spain, Bíndar has been active on the Spanish retail market for
more than 18 years, realising over 500 implementations. With a clear
customer focus, Bíndar is number one in the Microsoft ranking of
customer satisfaction. For more information, visit www.bindar.es.
Qurius N.V.
Qurius provides architecture, realisation and systems management of
Microsoft technology based business and IT solutions, including
infrastructures. Qurius has over 1,000 staff members; its
headquarters are located in Zaltbommel, the Netherlands. Its offices
in Belgium, Denmark, Germany, Italy, the Netherlands, Norway, Spain,
Sweden and the United Kingdom serve over 2,800 clients. Qurius has
been publicly listed on Euronext Amsterdam since 1998 and is included
in the AScX-index. Currently Qurius has 105,432,619 listed shares.
Qurius was recognised by Microsoft as the 2007 global Microsoft
Dynamics Partner of the Year. For more information, visit
www.qurius.com.
Contact
Qurius, Suzanne Schaapman: tel. +31 (0)418 683 500 /
s.schaapman@qurius.com
