After failed large M&A (please refer to "CompuGroup: There Are No Second Chances"), CompuGroup (CMPVF, ETR: COP) announced the acquisition of part of Cerner's (CERN) hospital information system portfolio in Germany and Spain. CompuGroup agreed to pay a total of €225 million, which, according to the press release, can be further adjusted upon closing, which is expected in Q3 '20. In 2019, the combined revenue stood at €74 million and €13 million in EBITDA, translating into of 17.6% margin - well ahead of CompuGroup's hospital division, which had a 12.6% margin.