M&A Deal Summary

Timetoact Group Acquires catworkx

On April 26, 2022, Timetoact Group acquired information technology company catworkx

Acquisition Highlights
  • This is Timetoact Group’s 1st transaction in the Information Technology sector.
  • This is Timetoact Group’s 2nd transaction in Germany.

M&A Deal Summary
Date 2022-04-26
Target catworkx
Sector Information Technology
Buyer(s) Timetoact Group
Deal Type Add-on Acquisition

Target

catworkx

Hamburg, Germany
catworkx is an Atlassian Platinum and Enterprise Solution partner in German-speaking Europe, with locations in Germany, Austria, and Switzerland, and specializes exclusively in the field of Atlassian solutions. The group comprises process consulting and implementation, app development, platform solutions for operations, official Atlassian training, comprehensive licencing services, and company-critical product installations in the large-scale enterprise area. catworkx was formed in 1999 and is based in Hamburg, Germany.

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Buyer(S) 1

Buyer

Timetoact Group

Cologne, Germany
Category Company
Sector Information Technology
Revenue 120M EUR (2020)
DESCRIPTION

Timetoact Group is an IT consultancy and services provider that comprises nine specialist brands in 16 locations across Germany, Austria, and Switzerland: ARS, CLOUDPILOTS, edcom, GIS, IPG, novaCapta, synaigy, TIMETOACT, and X-INTEGRATE. The group offers its clients a comprehensive range of IT service solutions in the area of a digital workplace, process automation & optimisation, business intelligence, identity & access management as well as customer experience. The group’s clients primarily include medium-sized businesses as well as large corporations in the industrial, financial, and service sectors as well as public sector institutions.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 3
Country (Germany) 2 of 3
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 PKS

Ravensburg, Germany

PKS specializes in the customer-specific development of tailored, business-critical software. Its focus is on optimizing mature software landscapes so that companies can collaborate with their customers and suppliers in a way that is efficient, up-to-date, and error-free. To this end, the company's experts use field-tested methods to prepare comprehensive analyses of existing systems, design appropriate transformation concepts, and implement them systematically and professionally using innovative technologies. Transformation expert PKS not only looks after ongoing software maintenance and support, thereby enabling a smooth generational change, but also provides advice and support for the introduction of modern development environments and processes (DevOps) and for the initial and further training of developer teams. PKS was formed in 1991 and is based in Ravensburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 OpenAdvice

Hessen, Germany

OpenAdvice is a consultant and service provider for the successful development of customer-specific solutions in the IT service operations area and specializes in application performance monitoring and business service assurance. OpenAdvice was founded in 2000 and is based in Hessen, Germany.

Buy -
Mergr

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