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M&A Deal Summary

Cenit Acquires Coristo

On November 2, 2015, Cenit acquired information technology company Coristo

Acquisition Highlights
  • This is Cenit’s 1st transaction in the Information Technology sector.
  • This is Cenit’s 1st transaction in Germany.

M&A Deal Summary
Date 2015-11-02
Target Coristo
Sector Information Technology
Buyer(s) Cenit
Deal Type Add-on Acquisition

Target

Coristo

Mannheim, Germany
Coristo GmbH is a consulting enterprise for SAP product structure management. Coristo GmbH was established in 2008 and is headquartered in Mannheim, Germany.

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Buyer(S) 1

Buyer

Cenit

Stuttgart, Germany
Category Company
Founded 1988
Sector Information Technology
Employees918
Revenue 207M EUR (2024)
DESCRIPTION

Cenit is an IT software and consulting firm for business processes and financial service providers. Cenit was founded in 1988 and is based in Stuttgart, Germany.

DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Germany M&A 1 of 2
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-03 ISR

Braunschweig, Germany

ISR brings business and IT together to unlock the business value of information. The company develops solutions to create a basis for decision-making for corporate planning and management and optimize processes in order to achieve a sustainable increase in competitiveness. ISR was founded in 1993 and is located in Braunschweig, Münster, Hamburg, Munich, and Cologne.

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