View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 21, 2004

PinkRoccade holding talks with Ordina

Dutch IT outsourcer PinkRoccade NV has held talks with local rival Ordina NV over a potential sale, which it said were "useful".

By CBR Staff Writer

In a statement, the Voorburg, Netherlands-based company said: PinkRoccade feels that the consultation was useful. The management board of PinkRoccade will discuss the results with the supervisory board. The consultation of 20 December will be continued sometime this week.

The statement follows PinkRoccade’s decision to reopen merger talks with Ordina, despite having already accepted an offer for the business from Getronics NV. PinkRoccade admitted in November that it had been involved in regular discussions with Ordina over a potential business combination, and on October 29, Ordina offered a higher cash amount for the business than Getronics.

This was rejected however due to what PinkRoccade called the lack of a strategic fit between the companies, and because it had doubts about the financing of the deal. Ordina had offered E350 million ($462 million) in cash for the company, compared to a cash-and-shares deal offered by Getronics, valued at E338 million ($446 million), of which approximately E100 million ($132 million) would be in cash. An agreement in principle was reached with Getronics on November 1.

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.