KPMG Deal Advisory advised the shareholders of PROCON IT AG on the successful sale to CONET Technologies GmbH, a portfolio company of H.I.G. Capital

About the transaction

After more than 20 successful years since its foundation, the shareholders of PROCON IT AG, a German medium-sized IT consulting and IT services company with a strong focus on SAP and Java, divested the company to CONET Technologies GmbH, a German IT consulting group backed by H.I.G. Capital. Through this acquisition, CONET Technologies GmbH strengthens its presence in the South of Germany, further expands into the automotive and financial services sectors and leverages its own portfolio of solutions in the rapidly growing areas of data intelligence, big data and cloud. The management team, headed by founder and CEO Wolfgang Stadler, will remain in place to drive the firm’s continued success.

About PROCON IT AG

PROCON IT AG, headquartered in Garching near Munich, is a quality provider for big data & visual analytics, web & cloud engineering, SAP engineering and mainframe app engineering. In the greater Munich area, PROCON IT AG is one of the leading providers of BI projects with SAP. Tailor-made management- and business consulting complete the company’s service portfolio. For more than 20 years, well-known customers from the automotive, financial services and aerospace industries, among others, have relied on PROCON IT’s services. With more than 200 employees, the company stands for the highest quality standards, reliability and consistent customer and solution orientation.

About CONET Technologies GmbH

CONET Technologies GmbH, headquartered in Hennef, with twelve other locations in the DACH region, and around 1,000 employees, is focused on IT consulting for SAP, infrastructure, communications, software and consulting in the key areas of cyber security, cloud, mobility and big data. Since 1987, renowned companies and organizations from industry & commerce, the public sector and defense & public security have trusted the experts of the medium-sized group of companies.

About H.I.G. Capital

H.I.G. Capital is a leading global private equity investment firm with $35 billion of equity capital under management as per December 2019. HIG specializes in mid-market transactions and builds many of its portfolio companies into market leaders using buy-and-build approaches. H.I.G. comprises over 350 investment professionals and has substantial operating, consulting, technology and financial management experience, enabling it to contribute meaningfully to its portfolio companies.

About KPMG Deal Advisory

Our expertise in structuring complex transactions, our team of dedicated and sector experienced Deal Advisory professionals and our worldwide presence through the global network of independent KPMG member firms contributed significant value to the success of this transaction.

KPMG is one of the leading independent deal advisers globally. Whether to buy, sell, partner, fund or fix a company, we offer end to end solutions to successfully run a process from strategy through execution to real results. Our team of integrated specialists for strategic advisory, M&A, valuation, debt advisory, due diligence and turnaround strategies give you the confidence to make the right decision at the right time. We have a track record of quality and reliability, not just for the next deal but for the long run.

Cookie Consent Banner von Real Cookie Banner