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Carlsquare advised KAP AG on the sale of it-novum GmbH to Allgeier SE

KAP AG (“KAP”), a listed, medium-sized industrial holding company, has signed an agreement for the sale of 100% of the shares of it-novum GmbH (“it-novum”) to Allgeier SE.

Founded in 2001, it-novum today is the leading IT consultancy for open-source business solutions and consulting in the German-speaking market. With more than 85 employees, it-novum mainly serves large medium-sized customers as well as large enterprises. The focus lies on the integration of open-source with closed-source and the development of combined open-source solutions and platforms. With its ISO 9001 certification, it-novum is one of the few open-source specialists who also prove the business suitability of their solutions through a quality assurance system.

Allgeier SE is one of the leading technology companies for digital transformation: The fast-growing group with headquarters in Munich guides its clients through the challenges of digital transformation to ensure their future success. Allgeier offers its more than 2,000 customers a fully comprehensive IT and software services portfolio, ranging from high-end software development to business efficiency solutions to support the digitalisation and transformation of business-critical processes.

KAP AG is a listed industrial holding group in the upper midmarket segment that offers attractive growth opportunities in its respective niche markets. KAP AG focuses on four different segments: engineered products, flexible films, surface technologies and precision components. The group currently has 29 locations and around 2,300 employees in 12 countries. The shares of KAP AG are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).

Eckehard Forberich, Member and Spokesman of the Management Board of KAP AG: “We are convinced that it-novum and its entire workforce can be very well integrated into Allgeier SE and developed optimally. We would like to thank the management and the entire workforce for their commitment, with which they have made a decisive contribution to the success of the KAP Group in recent years. Carlsquare ensured a trusting cooperation between everyone involved, so that the ideal partner for the next growth phase of it-novum could be found with Allgeier SE. With the successful sale of the it/services segment, we have achieved an important milestone in our medium-term strategy. For the KAP Group, there are currently more and more attractive M&A opportunities for our industrial segment on the market, which we intend to exploit consistently.”

Carlsquare acted as the exclusive financial advisor to KAP AG.

Allgeier SE