KMD buys Itella Information A/S
KMD has by 30 of December 2011 taken over Itella Information A/S, which is part of the Finnish Itella Group. Itella Information A/S services include printing, enveloping as well as scanning and electronic archiving. The acquisition supports KMD's growth ambitions and expands a strong market position in the printing market which is an important part of KMD’s combined offering e.g. towards municipal customers.
KMD has for several years been one of the nation's leading providers of print services. With the acquisition of Itella Information A/S KMD emphasizes the will to supplement organic growth of the KMD Group with acquisitions. In the market for printing and enveloping, the acquisition expands an already strong market position.
Itella Information A/S is part of the Finnish Itella Group and has an annual turnover of around 40 million Danish kroner. Itella Information A/S provides services such as e-invoicing, EDI, workflow systems, scanning, printing and physical and electronic archiving. It employs approximately 30 employees in Denmark, all of which will be transferred to KMD. The current production in Hvidovre will be moved to KMD's facilities in Ballerup, which is among the largest and most modern printing centers in Denmark.
- We see a good strategic fit between the two business units, and since we still have ambitions to grow in the printing market the acquisition of Itella Information is a natural move for KMD, explains Lars Monrad-Gylling, CEO of KMD.
In relation to the sale it has been imperative for Itella Group that KMD can continue to carry out Itella Group assignments in Denmark.
- As part of our pan-European set-up it is important to us that we still have a high quality supplier in Denmark who can carry out tasks for the pan-Scandinavian customers we have in the group. By having KMD as a partner in Denmark our cross border offer is becoming stronger and we strengthen us as a value provider. Therefore we are delighted to enter into cooperation with KMD, one of the leading suppliers in the area, says Heikki Länsisyrjä, Senior Vice President of Itella Group.
KMD strengthens market position
KMD has grown steadily over the years in printing and enveloping. The acquisition adds more products and capabilities, and a number of new clients - including several from the private market.
- Itella Information has a customer portfolio that fits our growth ambitions well, and we are looking forward to the future cooperation. The additional product areas, such as scanning, also strengthen the future market position for KMD, says Lars Monrad-Gylling.
KMD, press officer Christopher Hellmann, firstname.lastname@example.org, phone +45 44 60 18 09, mobile +45 25 29 17 84
Itella Information, Senior Vice President of Itella Group, Heikki Länsisyrjä, email@example.com, tel. +358 50 558 7801
KMD is the largest Danish-based IT company, and most of KMD's business stems from their self developed software. For almost 40 years, KMD has worked with development, operation and maintenance of the largest municipal IT systems. KMD develops and delivers software and service solutions for the municipal, government and private market in Denmark. KMD has an annual turnover of around four billion Danish kroner and has more than 3,000 employees. KMD is owned by EQT and ATP.
About Itella Information
Itella improves the efficiency of financial and accounting processes such as purchase to pay and order to cash with ready-made and modular best practice processes. Itella Information operates in 11 European countries with a staff of about 2,300 professionals. Net sales in 2010 amounted to EUR 260 million. The Itella Information business group is part of the Itella Group. For further information, please visit www.itella.com