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M&A Deal Summary

Garz & Fricke Acquires e-GITS

On April 15, 2019, Garz & Fricke acquired software company e-GITS

Acquisition Highlights
  • This is Garz & Fricke’s 1st transaction in the Software sector.
  • This is Garz & Fricke’s 1st transaction in Germany.

M&A Deal Summary
Date 2019-04-15
Target e-GITS
Sector Software
Buyer(s) Garz & Fricke
Deal Type Add-on Acquisition

Target

e-GITS

Stuttgart, Germany
e-GITS GmbH develops cross-platform-applications such as graphical user interfaces (GUI) for embedded IoT-components in end markets including medical technology, industrial automation, home automation and smart vending (connected vending machines). e-GITS GmbH was founded in 2000 and is based in Stuttgart, Germany.

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Buyer(S) 1

Buyer

Garz & Fricke

Hamburg, Germany
Category Company
Founded 1992
Sector Technology Hardware
DESCRIPTION

Garz & Fricke is a provider of embedded hardware and software solutions primarily in the DACH region. In its home markets, the company holds major positions in electronic components for vending machines as well as in human-machine interfaces for a wide array of application areas. Its customers are OEMs and system integrators in end markets such as vending machines, food services, Medtech, security, and energy technology. Garz & Fricke was founded in 1992 and is based in Hamburg, Germany.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1
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