M&A Deal Summary

Electronic Data Systems Acquires Systematics AG

On April 2, 2001, Electronic Data Systems acquired information technology company Systematics AG from Odewald Private Equity for 570M USD

Acquisition Highlights
  • This is Electronic Data Systems’ 2nd transaction in the Information Technology sector.
  • This is Electronic Data Systems’ largest (disclosed) transaction.
  • This is Electronic Data Systems’ 1st transaction in Germany.

M&A Deal Summary
Date 2001-04-02
Target Systematics AG
Sector Information Technology
Buyer(s) Electronic Data Systems
Sellers(s) Odewald Private Equity
Deal Type Add-on Acquisition
Deal Value 570M USD

Target

Systematics AG

Hamburg, Germany
Systematics AG is an IT services company. Systematics provides integrated e-business and IT solutions to a broad client base. It currently serves clients through four divisions: e-consulting, e-applications, systems services and hosted services.

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Buyer(S) 1

Buyer

Electronic Data Systems

Plano, Texas, United States
Category Company
Founded 1962
Sector Information Technology
DESCRIPTION

Electronic Data Systems Corp. is a multinational information technology equipment and services company.

DEAL STATS #
Overall 3 of 8
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 2 of 7
Country (Germany) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-22 SHL Systemhouse

Ottawa, Ontario, Canada

SHL Systemhouse, Inc. is a provider of information technology services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 ExcellerateHRO World Services

Plano, Texas, United States

ExcellerateHRO, LLP (EHRO), a global benefits administration and relocation services provider. EHRO’s client list includes a broad selection of FORTUNE 500 clients and growing mid-market customers, who are served by more than 1,800 human resources specialists.

Buy -

Seller(S) 1

SELLER

Odewald Private Equity

Berlin, Germany

Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Odewald is a leading German independent private equity firm focused on investments in high-growth small and medium-sized companies in Germany, Austria and Switzerland. Odewald manages its equity funds through its two companies Odewald & Compagnie Gesellschaft für Beteiligungen mbH and Odewald KMU Gesellschaft für Beteiligungen mbH. Odewald & Compagnie generally acquires majority interest in profitable SMEs holding strong potential companies with revenues upto EUR 400 million. It looks to invests EUR 30 million and EUR 50 million of equity per transaction. Odewald KMU seeks to invest EUR 5 million and EUR 20 million of equity per transaction. Prospective transaction situations include management buyouts, buy-ins, industry consolidations, and divestitures. Odewald was formed in 1997 and is based in Berlin.

DEAL STATS #
Overall 1 of 16
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (Germany) 1 of 15
Year (2001) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Systematics AG

Hamburg, Germany

Systematics AG is an IT services company. Systematics provides integrated e-business and IT solutions to a broad client base. It currently serves clients through four divisions: e-consulting, e-applications, systems services and hosted services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-03 Uni-Data AG

Schwaig, Germany

UNI-DATA is a special service provider for logistics in the field of IT and telecommunications components. In addition, the company offers emergency spare-part logistics and on-the-spot maintenance and repair services. UNI-DATA also provides technical services for IT hardware producers

Sell -
Mergr

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