KAP AG, a listed, medium-sized industrial holding company, has signed an agreement for a carveout sale of 100% of the shares of it-novum GmbH, their digital data solutions division, to Allgeier SE – one of the leading IT transformation companies in Europe.
Founded in 2001, it-novum today is the leading IT consultancy for open-source business solutions and consulting in the German-speaking market. With more than 85 employees, it-novum mainly serves medium-sized customers as well as large enterprises. The focus lies on the integration of open-source with closed-source and the development of combined open-source solutions and platforms. With its ISO 9001 certification, it-novum is one of the few open-source specialists who also prove the business suitability of their solutions through a quality assurance system.
Allgeier SE is one of the leading technology companies for digital transformation: The fast-growing group with headquarters in Munich guides its clients through the challenges of digital transformation to ensure their future success. Allgeier offers its more than 2,000 customers a fully comprehensive IT and software services portfolio, ranging from high-end software development to business efficiency solutions to support the digitalization and transformation of business-critical processes.
KAP AG is a listed industrial holding group in the upper mid-market segment that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on four different segments: engineered products, flexible films, surface technologies and precision components. The group currently has 29 locations and around 2,300 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408). The price of the transaction was completed for an undisclosed amount.
Eckehard Forberich, Member and Spokesman of the Management Board of KAP AG: “We are convinced that it-novum and its entire workforce can be very well integrated into Allgeier SE and developed optimally. We would like to thank the management and the entire workforce for their commitment, with which they have made a decisive contribution to the success of the KAP Group in recent years. Carlsquare ensured a trusting cooperation between everyone involved, so that the ideal partner for the next growth phase of it-novum could be found with Allgeier SE. With the successful sale of the it/services segment, we have achieved an important milestone in our medium-term strategy. For the KAP Group, there are currently more and more attractive M&A opportunities for our industrial segment on the market, which we intend to exploit consistently.”
ABOUT KAP AG
KAP AG is an industrial group with a strategy to occupy attractive market niches with long-term growth potential. Their focus lies in the establishment and development of high-margin industrial segments into highly specialized market leaders. As a medium-sized industrial group, they concentrate exclusively on similar-sized companies and are a reliable partner for upcoming entrepreneurs with large ideas and potential. Long-term planning is combined with modern management approaches and good access to financing opportunities and global markets.
ABOUT ALLGEIER SE
Allgeier SE is one of the leading IT companies for digital transformation. With a growth strategy geared to innovation and future trends, as well as an integrative entrepreneurial model, Allgeier seizes the opportunities of digitization. Allgeier offers its customers a comprehensive solution and service portfolio as a one-stop-shop. With a highly flexible delivery model, Allgeier covers the entire range of IT services from on-site to nearshore to offshore. With strong bases in India and China, flexibility and the highest scalability of services and highly qualified expert knowledge in high-end software development are ensured.
ABOUT CARLSQUARE
Carlsquare is a partner-run investment banking firm with offices in Germany, United Kingdom, Sweden and Denmark that supports companies and their shareholders in the implementation of strategic goals. These are owner-managed and market leading enterprises, fast-growing start-ups with innovative technologies and business models, but also venture capital/private equity investors and corporations that want to create growth and increase value together with entrepreneurs. Carlsquare is member of Globalscope Partners, the partner organization of SORTIS Invest.
ABOUT SORTIS Invest
SORTIS Invest is an investment banking boutique, based in Sofia, Bulgaria, part of SORTIS Group. It is a member of Globalscope Partners, a global family of 55 independent M&A firms in 46 countries with a team of 650 professionals and more than 10,000 completed mergers and acquisitions and private equity deals worldwide. SORTIS Invest advises corporations in valuation and financing related questions, as well as in the modelling of business cases. SORTIS Invest has an outstanding network and long-term experience in the areas of corporate finance and M&A.
SORTIS Invest has advised clients in various sectors including Telecommunications, Media and Technology (TMT), financial services, food and beverages, life sciences, chemicals, education, defense, manufacturing, energy, mining, transport and logistics, hospitality and real estate.
