Carlsquare accompanies BLStream Oy in the acquisition of a majority stake in the German Kupferwerk GmbH
17 Mar 2014
BLStream Oy, Finland, and Kupferwerk GmbH, Germany, have announced a definitive agreement by which BLStream Oy has acquired a 51 per cent equity interest in Kupferwerk GmbH. Rainer Hüther, CEO and owner, retains an equity interest of 49 percent in the company, and will remain on board as Managing Director of Kupferwerk GmbH and responsible for the firm’s business operations and sales in Germany. Ludovic Gaudé will continue as CEO of BLStream Oy.
‘Our success with strong customer insight and project management has helped make Kupferwerk the market leader in app development in the German market,’ Mr. Hüther said. ‘This transaction allows us to increase the scalability of our expertise. I am excited about the prospects that the partnership with BLStream offers for the future development of our market position. In a fast-changing environment, our combined skillsets and capabilities in business critical software and user-interface development are a powerful asset that our customers will benefit from.’
‘High-end application and user experience design require robust capabilities,’ said Ludovic Gaudé, CEO of BLStream Oy. ‘Dependability, innovation and creative solutions have been the heart of our business. We have previously collaborated with Kupferwerk, and the stake that we have acquired in the company takes the relationship to a new level, further enhancing our ability to deliver in very demanding projects. Based on our combined expertise, we expect to continue strong growth, and to add even more value to our customers’ projects, through an innovative approach and efficient delivery.’
Carlsquare has accompanied the shareholders of BLStream exclusively in this transaction process.
BLStream Oy is an application and digital user experience design company established in Helsinki, Finland. The firm has operations also in Poland and the U.S. With customers such as T-Mobile, BBC, Good Technology, F-Secure, Hightail and Play, BLStream Oy’s approach to software development is based on in-depth user research, interaction design and attractive visual design. BLStream Oy’s services cover the full range of mobile, desktop and server-side platforms and architectures. The firm provides its customers with full system integration, support and maintenance, as well as advanced project management, with a consultative approach. For more information about BLStream, please visit their homepage.
About Kupferwerk GmbH
Kupferwerk GmbH has established its position as the market leader in mobile application development in the German market, developing solutions for Audi, T-Mobile, Volkswagen, Microsoft, Vorwerk and Pro7Sat1. Established in 2003, the firm initially focused on usability and user interface testing. In 2007, Kupferwerk GmbH made its first mobile application, and soon afterwards started focusing operations around mobile application development. In 2012, Kupferwerk GmbH merged with GOAPP GmbH, becoming the largest independent application development agency in Germany. Kupferwerk GmbH is based in Munich. For more information about Kupferwerk, please visit their homepage.
Carlsquare and the international network Globalscope offer integrated international M&A consulting services for medium-sized transactions. Carlsquare – a partner led corporate finance firm – advises businesses and shareholders to realise their strategic objectives ensuring the highest level of quality. Carlsquare is managed by three partners and is based in Hamburg and Munich with 16 employees. Globalscope has 32 members in 26 countries with more than 300 professionals worldwide.
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