Columbus IT concludes conditional agreement about acquisition of the software company Guideix A/S

September 30, 2009 at 9:01 AM CEST
Columbus IT Partner A/S has concluded a conditional agreement about acquisition
of 100% of the share capital in the software company Guideix A/S. 

The acquisition is beneficial for both Guideix's many customers and Columbus
IT, which due to this agreement has obtained a new industry solution and unique
expert knowledge within wholesale busi-nesses and the steel industry. 

Guideix has more than 13 years of experience with development, implementation
and operation of ERP solutions with focus on wholesale businesses and the steel
industry. 

The acquisition is part of Columbus IT Partner A/S's strategic commitment to
develop unique industry specific solutions within carefully selected
industries. 

The agreement is concluded between related parties as Consolidated Holdings A/S
which owns 32,61% of the shares and according to voting rights agreements holds
the voting rights of a total of 36,37% of the votes is majority shareholder in
Columbus IT Partner A/S and at the same time controls more than 85% of the
shares in Guideix A/S. 

The agreed purchase price for the shares in Guideix A/S is DKK 6m. According to
the agreement the purchase price will be settled against payment in new shares
in Columbus IT Partner A/S on the transac-tion date. 

The transaction will be finalized on 14th October 2009 when the shareholders in
Guideix A/S will make a non-cash contribution of all shares in Guideix A/S to
Columbus IT Partner A/S against subscription of new shares in Columbus IT
Partner A/S of a total market value of DKK 6m. The price of the shares in
Columbus IT Partner A/S and thereby the number of shares subscribed against the
non-cash contribution made by the shareholders in Guideix A/S is according to
the agreement calculated based on the average closing price of Columbus IT
Partner A/S's shares on NASDAQ OMX Copenhagen A/S the last 5 trading days prior
to the 14th October 2009. 

In relation with the non-cash contribution a valuation report must be prepared
by an independent valuer with knowledge of the industry, and from Columbus IT
Partner A/S's side the completion of the transac-tion depends on the valuation
report, which must declare that the value of the invested shares at least
equals the fixed and expected variable consideration agreed, including the
nominal amount of the shares (plus premium) to be issued as payment in
connection with the capital increase. 


Ib Kunøe				Claus E. Hansen
Chairman of the Board		Chief Executive Officer
Columbus IT Partner A/S		Columbus IT Partner A/S


Contact for further details:
CEO Claus E. Hansen, or CFO Heine Thorsgaard, T: (+45) 70 20 50 00.

Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.