M&A Deal Summary

Celonis Acquires Symbioworld

On November 13, 2023, Celonis acquired business services company Symbioworld from Fortino Capital

Acquisition Highlights
  • This is Celonis’ 1st transaction in the Business Services sector.
  • This is Celonis’ 2nd transaction in Germany.

M&A Deal Summary

Date 2023-11-13
Target Symbioworld
Sector Business Services
Buyer(s) Celonis
Sellers(s) Fortino Capital
Deal Type Add-on Acquisition

Target

Symbioworld

Munich, Germany
Symbioworld is a business process management provider with expertise in strategic process- and quality management with applications for process modelling, process design and data integrations with leading business applications such as Microsoft, SAP, Celonis and Atlassian. Symbioworld is based in Munich, Germany.

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Buyer(S) 1

Buyer

Celonis

Munich, Germany

Category Company
Sector Software
DESCRIPTION

Celonis is a provider of process mining and enterprise automation software, enabling companies to generate “x-rays” of their business processes to identify inefficiencies and enable optimization. Celonis is based in Munich, Germany.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Germany M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Process Analytics Factory

Darmstadt, Germany

Process Analytics Factory is a provider of process mining insights for Microsoft Power BI. Process Analytics Factory is based in Darmstadt, Germany.

Buy -

Seller(S) 1

SELLER

Fortino Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2013
PE ASSETS 340M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fortino Capital is an early to later stage investment firm focused on providing growth capital to small and medium-sized companies in the Benelux region of Europe. The Firm's venture unit looks to invest €1 to €5 million for majority stakes in software and e-commerce companies with proven products/traction. The Firm's growth capital unit invests in ambitious scale-ups and more mature business (SMEs) which are challenged by industry innovation and organization change. Fortino's growth unit looks to invest €5 to €25 million for majority or minority positions. Fortino Capital was formed in 2013 and is headquartered in Zaventem, Belgium.


DEAL STATS #
Overall 5 of 6
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Symbioworld

Munich, Germany

Symbioworld is a business process management provider with expertise in strategic process- and quality management with applications for process modelling, process design and data integrations with leading business applications such as Microsoft, SAP, Celonis and Atlassian. Symbioworld is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 InTouch Solutions

Sint-Truiden, Belgium

InTouch Solutions is a traffic enforcement SaaS provider that processes traffic fines instantly using the platform. The company provides peace of mind for local authorities, mobility providers, and citizens alike. InTouch Solutions was formed in 1984 and is based in Sint-Truiden, Belgium.

Buy -