M&A Deal Summary

Allgeier SE Acquires it-novum

On June 29, 2021, Allgeier SE acquired information technology company it-novum from KAP for 22M EUR

Acquisition Highlights
  • This is Allgeier SE’s 3rd transaction in the Information Technology sector.
  • This is Allgeier SE’s largest (disclosed) transaction.
  • This is Allgeier SE’s 4th transaction in Germany.

M&A Deal Summary
Date 2021-06-29
Target it-novum
Sector Information Technology
Buyer(s) Allgeier SE
Sellers(s) KAP
Deal Type Divestiture
Deal Value 22M EUR

Target

it-novum

Fulda, Germany
it-novum provides IT solutions and products based on open source technologies since 2001. The monitoring solution openITCOCKPIT has been on the market since 2005 and was released in the completely revised version 4.0 last year. it-novum was founded in 2001 and is based in Fulda, Germany.

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Buyer(S) 1

Buyer

Allgeier SE

Munich, Germany
Category Company
Sector Information Technology
DESCRIPTION

Allgeier SE is one of the leading IT companies for Business Performance: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 3 of 3
Type (Divestiture) 1 of 1
Country (Germany) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 b+m Informatik

Melsdorf, Germany

b+m Informatik is a developer of innovative software for banks and insurance companies and serves the German financial sector as a full-service provider. b+m Informatik was formed in 1994 and is based in Melsdorf, Germany.

Sell -

Seller(S) 1

SELLER

KAP

Fulda, Germany
Category Company
Sector Financial Services
Employees2,479
Revenue 337M EUR (2023)
DESCRIPTION

KAP is a strategic financial holding company that invests in and provides services to middle market businesses that fit within its overall portfolio. Its current portfolio of 13 individual business units across 4 divisions has a broad market presence as well as a global sales and manufacturing footprint. KAP is based in Fulda, Germany.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (Germany) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 NOW Contec

Waldfischbach-Burgalben, Germany

NOW Contec focus is on the packaging of sheet materials for building protection as underlay sheets, vapor barriers, facade sheets, geotextiles, etc. NOW Contec is based in Waldfischbach-Burgalben, Germany.

Sell -
Mergr

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