March 4, 2015
Sascha Pfeiffer, Christoph Mann, Ilja Ikonnikov
GCA Altium advises AXIT on its sale to Siemens
GCA Altium acted as exclusive financial adviser to the shareholders of AXIT AG, the German software specialist for cloud-based IT platforms for logistics process management, on its sale to Siemens AG. The transaction highlights GCA Altium’s outstanding expertise in Software M&A and marks the 22nd deal of GCA Altium’s TMT practice in the past 12 months and its 8th successful transaction in 2015.
Headquartered in Frankenthal, Germany, AXIT is a leading provider of cloud-based software solutions in the European logistics sector and has a comprehensive user base with renowned customers in logistics, industry and commerce. Through the merger of AXIT with Siemens Logistics and Airport Solutions (LAS), a business unit of Siemens AG, LAS will become a pioneer of this innovative technology and will be able to provide comprehensive IT solutions for end-to-end transparency in supply chain management.
Siemens AG (DB: SIE, market capitalization of c. € 83bn), headquartered in Berlin and Munich, Germany, is a global technology powerhouse that has stood for engineering excellence, innovation, quality and reliability for more than 165 years. Siemens Logistics and Airport Solutions is a leading provider in the field of mail and parcel, baggage and cargo sorting solutions, with an installed base in more than 60 countries worldwide and mainly serving airports, airlines as well as courier, express, parcel and postal services worldwide.