Cancom
Leading German IT solutions and services provider.
Last updated August 31, 2026
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Overview
CANCOM is a leading German IT solutions and services provider, focusing on digitalization, cloud, cybersecurity, and IT infrastructure. Founded in 1992, headquartered in Munich, listed on the Frankfurt Stock Exchange.
History
Cancom was founded in 1992 by Klaus Weinmann, Stefan Kober, and Raymond Kober. The company developed as a German IT provider serving commercial customers, gradually combining the sale of technology products with consulting, infrastructure, cloud, and other IT services. This combination became central to its identity as an IT systems house rather than a single-product technology manufacturer. The first branch office was opened during the 1994/1995 financial year, marking an early expansion beyond the initial operating base. In January 1996, Cancom entered the catalog business. Catalog sales provided a structured channel for presenting and distributing a broad range of IT products to business customers. The following year, in 1997, the group moved to centralized logistics, an organizational change that supported more coordinated fulfillment and distribution as its product activity expanded. In May 1998, Cancom introduced its WebShop. The online channel extended the company's catalog and trading activities into electronic commerce and contributed to the development of the E-Commerce/trade side of the business. Cancom subsequently broadened its role by offering services alongside products, covering customer requirements related to IT infrastructure, cloud computing, and digital solutions. The company became publicly traded on the Frankfurt Stock Exchange on September 16, 1999. It was listed in the Prime Standard segment from January 2003. Its stock-market history later included a temporary elevation in the German equity-index structure. On August 29, 2019, Cancom was promoted without a scheduled transition from the SDAX to the MDAX, where it replaced Axel Springer SE. On September 19, 2022, the company was included in the SDAX again. By 2023, Cancom was described as Germany's sixth-largest IT systems house. Its operating footprint covered approximately 80 locations in the DACH region as well as Belgium, Slovakia, Romania, and the Czech Republic. The group employed around 5,600 people. Its activities were described as being divided broadly between IT Solutions and E-Commerce/trade, with each contributing approximately half of group revenue according to the reference material. Cancom's current business model therefore reflects a progression from IT product distribution and catalog commerce toward an integrated provider of cloud, infrastructure, procurement, and digital services for commercial organizations.
- 2022
Return to the SDAX
[1]Cancom was again included in the SDAX on September 19, 2022.
- 2019
Promotion to the MDAX
[1]Cancom was unexpectedly promoted from the SDAX to the MDAX on August 29, 2019.
- 2003
Prime Standard listing
[1]Cancom has been listed in the Frankfurt Stock Exchange's Prime Standard segment since January 2003.
- 1999
Initial public listing
[1]Cancom went public on the Frankfurt Stock Exchange on September 16, 1999.
- 1998
Cancom WebShop launched
[1]The Cancom WebShop was introduced in May 1998, adding an online channel to the company's commercial IT sales activities.
- 1997
Centralized logistics introduced
[1]Cancom switched to centralized logistics as its distribution activities developed.
- 1996
Entry into catalog business
[1]The company entered the catalog business in January 1996, expanding its IT product-sales model.
- 1994
First branch office opened
[1]Cancom opened its first branch during the 1994/1995 financial year.
- 1992
Cancom Group founded
[1]Klaus Weinmann, Stefan Kober, and Raymond Kober founded the Cancom Group in Germany.
Products and positioning
Premium IT service provider for enterprise customers.
IT services and systems integration
IT Solutions
Cancom's IT Solutions business addresses the broader technology requirements of commercial organizations. It combines IT products with implementation and service capabilities, including infrastructure, cloud computing, and digital solutions. The division represents roughly half of the group's revenue according to the reference material and reflects Cancom's positioning as an integrated IT systems house rather than only a distributor.
IT procurement and e-commerce · 1996
E-Commerce and trade
The E-Commerce/trade business supplies commercial customers with IT products through Cancom's trading and electronic-commerce activities. Its development can be traced to the company's catalog business, started in 1996, and the Cancom WebShop, introduced in 1998. The division complements Cancom's service work by providing a procurement channel for technology products and infrastructure components.
Cloud services
Cloud computing services
Cloud computing is one of Cancom's principal areas of activity. The company provides cloud-related capabilities as part of its broader commercial IT offering, alongside infrastructure and other digital services. The available reference material does not specify individual cloud products, service names, or technical architectures.
Enterprise infrastructure
IT infrastructure
Cancom supplies and supports IT infrastructure for commercial customers. This area forms part of the company's systems-house model, in which products and infrastructure are combined with related services. Specific vendor platforms and individual infrastructure product families are not identified in the supplied reference material.
Brand decisions
1998
Launch of the Cancom WebShopProduct launchBackground
Cancom had entered the catalog business in 1996 and continued developing electronic channels for commercial IT sales.
Action taken
The company introduced the Cancom WebShop in May 1998.
Aftermath
The WebShop added an online sales channel to Cancom's catalog and trading activities.
1997
Move to centralized logisticsStrategyBackground
As Cancom's product-distribution activities expanded, the company reorganized its fulfillment model.
Action taken
Cancom switched to centralized logistics.
Aftermath
The change supported a more coordinated distribution structure, although the available source does not provide operating or financial results for the decision.
Recent events
- 2022
Cancom returns to the SDAX[1]
Other
Cancom was again included in the SDAX on September 19, 2022, following its period in the MDAX.
- 2019
Cancom shares move from the SDAX to the MDAX[1]
Other
Cancom was unscheduled for promotion from the SDAX to the MDAX on the Frankfurt Stock Exchange, replacing Axel Springer SE.
Sources3 sources
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