Transaction Details

December 23, 2015
Frankfurt, Munich

Sector

Technology

Deal Type

M&A

Deal Value

N/D

Deal Team

Sascha Pfeiffer, Dr Martin Kühner, Malte Abrams, Ilja Ikonnikov

GCA Altium advises Allgeier on the sale of terna to BPE Unternehmensbeteiligungen

GCA Altium acted as exclusive financial adviser to Allgeier, one of the leading IT companies for business performance (XETRA:AEI), on the sale of terna Group, a division that focuses on consulting services relating to the analysis and optimisation of business processes at mid-sized companies and the implementation of the world’s leading ERP solutions. The transaction once more highlights GCA Altium’s outstanding M&A expertise in the IT services sector and marks our 36th successfully completed transaction in German-speaking Europe in 2015.

Founded in 2005 and headquartered in Innsbruck (Austria), terna is one of the largest independent Microsoft and Infor implementation specialists in the German-speaking market. The Company implements ERP, BI, and CRM business software solutions based on Microsoft Dynamics AX, Infor M3, Microsoft Dynamics CRM, QlikView and Microsoft BI in Germany, Switzerland and Austria. With more than 220 employees at 9 locations, terna particularly targets customers within general international production, service and commercial enterprises.

As part of focusing the Allgeier Group's business on the development and production of software solutions and offering IT services for Enterprise customers and top-tier medium-sized companies, Allgeier has decided to spin off terna. Both parties are convinced that terna and its management are best positioned to further develop and grow the business.

Allgeier is one of the leading IT companies for Business Performance. With more than 6,000 employees and about 1,200 freelance IT experts, Allgeier offers customers a comprehensive portfolio of solutions and services. Allgeier’s customers include globally operating groups as well as innovative medium-sized operations that wish to secure strategic advantages through high-performing IT solutions, intelligent software and flexible personnel services. This high-growth company, which is based in Munich, Germany, operates at 100 sites in the German-speaking region, and at further locations in the rest of Europe, as well as in India, Vietnam, Singapore, Mexico and the USA. In 2014, Allgeier generated EUR 428 million of revenue (continued operations).

GCA Altium acted as exclusive financial adviser to Allgeier in this transaction. The financial terms will not be disclosed. The transaction is expected to close in 2015.

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