M&A WATCH: WESTERN EUROPE – OCT. 2021 COVERAGE
Our monthly M&A Watch spotlights deals in the Information Technology industry throughout Western Europe.
The Western European space saw an increase in M&A activity during the month of October, especially in corporate M&A deal volume. The most active countries were Germany, France, and England, where investors targeted IT consulting companies, cloud providers, and digital transformation services. The war for talent and the pursuit of growth through geographical extension were the main drivers of the M&A activity in the region.
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VASS, a portfolio company of One Equity Partners, acquired German consulting services provider Ecenta.Ecentais a technology consulting firm specializing in SAP customer experience that aims to solve complex implementation projects. Ecenta focuses predominantly in the Life Sciences sector and provides solutions like SAP cloud resources, SAP marketing, SAP analytics, and more. #Germany #SAP
Strategy and IT consulting market leader Accenture acquired Benext, an independent product consulting company headquartered in France. Benext focuses on digital transformation and software development product management, agile coaching, cloud-based development, and data science. Through the acquisition of Benext, Accenture plans to expand its cloud capabilities in Europe and globally. #France #DigitalTransformation
SoftwareONE, a cloud solutions provider headquartered in Switzerland, completed the acquisition ofCentiqhe.Centiqheis an English company with expertise in SAP that serves customers across Europe. The company offers advisory and transformation services, including cloud migration and SAP transformation. Through this acquisition, SoftwareONE is strengthening its fast-growing SAP services practice in Europe and globally. #England #Switzerland #SAP
LEA Partners, a German-based private equity firm, acquired B+m Informatik through an LBO for an undisclosed sum. B+m Informatik is a provider of information technology and software services based in Germany. The company has extensive experience in providing solutions for banks, insurance companies, and financial service providers. LEA Partners is a B2B tech-focused fund that offers both venture capital and private equity solutions for European companies. #Germany #Software #B2B
Proact IT Group, a data center and cloud service provider, acquired German-based company Ahd for EUR 26.2 million. Ahdoffers cloud consulting, migration and software development, managed services, and IT consulting services. Through this acquisition, Proact will grow its presence in Germany and integrate new technological capabilities. #Germany #Cloud #ITConsulting
About 7 Mile Advisors
7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.
To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website www.7mileadvisors.com.
