Carlsquare advises IPN Group on the sale to ALTEN
ALTEN GmbH, a global leader in technology consulting and engineering has acquired IPN Brainpower GmbH & Co. KG, a German staffing services specialist within the engineering and IT sector. The IPN group offers staff leasing (temporary employment) and staff placement (permanent employment) services to several international blue-chip clients. With headquarters in Nuremberg and additional locations in Regensburg, Munich, Leipzig and Frankfurt, the company has a geographical focus on Central and Southern Germany.
The IPN group was founded in Neumarkt (Oberpfalz) in 1997 by Wolfgang Knecht. The aim was to open career opportunities for highly skilled employees and offer them interesting projects in various fields including plant engineering, electrical engineering, energy, automotive engineering, aerospace, mechanical engineering and information technology. The group’s key competence is its close contact to project decision makers of influential partner companies, which provides the IPN group access to interesting job offers in pioneering projects that are not available in the open market.
By acquiring and integrating the IPN group, ALTEN will complement its current operations in Germany with the capacity and expertise of an important player within the engineering and IT consulting sector. ALTEN itself is listed on NYSE Euronext Paris and has over 30,000 employees in more than 20 countries with global sales of approx. EUR 2.3bn in 2018. Germany is considered as a key market by ALTEN, if not the most important market.
Carlsquare acted as exclusive financial advisor to the IPN group.