CompuGroup Medical strengthens market position in Northern Europe with the
acquisition of Norwegian Pridok

EQS-News: CompuGroup Medical SE & Co. KGaA / Key word(s): Mergers &
Acquisitions
CompuGroup Medical strengthens market position in Northern Europe with the
acquisition of Norwegian Pridok

25.06.2024 / 20:46 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

CompuGroup Medical strengthens market position in Northern Europe with the
acquisition of Norwegian Pridok

  * Fast growing, fully web-based ambulatory information system with added
    value for doctors due to great user experience

  * Fast tracking the evolving customer needs regarding interoperability and
    data sharing

* Foundation for further expansion in Northern Europe

Koblenz - CompuGroup Medical SE & Co. KGaA (CGM), one of the world's leading
providers in the field of e-health, today announced the acquisition of the
Norwegian software company Pridok AS. The company, which was founded in
2013, develops and distributes the ambulatory information system 'Pridok
EPJ' for Norway, which is completely web-based and modeled to reflect actual
doctors' workflows thus achieving great user experience. This acquisition
strengthens CompuGroup Medical's market position in Northern Europe and lays
the foundation for further growth. CGM has been present in Norway since 2008
as one of the leading providers of ambulatory information systems with its
main product CGM Journal. The acquisition strengthens CGM's excellent market
position and creates the opportunity to offer CGM customers in Northern
Europe a purely web-based solution. In addition, the portfolio expansion
provides an excellent option to support additional markets and healthcare
practitioners with an innovative product as digitization progresses.

Norway and the Scandinavian markets in general, are highly digitized and
Pridok AS meets the future requirements of a continuously modernizing
healthcare system. Thus, with the acquisition CGM will be able to fast track
the evolving needs of the Norwegian healthcare customers, in particular with
respect to interoperability and data sharing.

Pridok was founded in 2013 by the brothers Jørgen, Jørn and Frode Gilberg in
Tønsberg, Norway. The founders, who are actively involved in the management
of Pridok and have so far held the majority of the shares, will continue to
drive innovation and expansion together with CGM going forward.

The initial purchase price for 100% of the shares amounts to approximately
EUR 35.7 million. In order to let the former owners and future managers
participate in the success of a profitably growing business, there are
earnout payments of up to EUR 16.3 million. Pridok generated revenues of
approximately EUR 4.1 million in 2023, strongly growing compared to the
prior year by 32%.

Michael Rauch, CEO of CompuGroup Medical, explains: 'CGM has been driving
innovation in ambulatory information systems in the Nordics for more than a
decade, in line with our purpose that nobody should suffer or die because at
some point medical information was missing. With the acquisition of Pridok,
we are adding a state-of-the-art, web-based AIS that is precisely tailored
to the requirements of our customers in the Scandinavian markets.'

Pridok Chairman of the Board Jørgen Gilberg says: 'We look forward to
working together with one of the leading e-health players worldwide. We gain
a strong partner who has been operating successfully internationally for
decades and understands the needs of our customers and the specifics of the
market we operate in. We are very excited to become part of the CGM family.'


---------------------------------------------------------------------------

25.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        CompuGroup Medical SE & Co. KGaA
                   Maria Trost 21
                   56070 Koblenz
                   Germany
   Phone:          +49 (0)160 3630362
   Fax:            +49 (0)261 8000 3200
   E-mail:         investor@cgm.com
   Internet:       www.cgm.com
   ISIN:           DE000A288904
   WKN:            A28890
   Indices:        SDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1933009

End of News EQS News Service
---------------------------------------------------------------------------

1933009 25.06.2024 CET/CEST