Allgeier Enterprise Services AG, Bremen, via a subsidiary, signed a purchase agreement to acquire the shares of publicplan GmbH, Düsseldorf. With around 80 employees, publicplan GmbH is an expert in the digitization of public administration and e-government. The focus is on open source-based software solutions with a range of services from consulting and development to maintenance and support of software solutions tailored to the needs of public administration. With the acquisition of publicplan GmbH, Allgeier is further expanding its range of services for the digitization of public administration in the e-government sector.
The acquisition is subject to antitrust clearance and other closing conditions. The execution of the purchase agreement is expected within the next four to six weeks. The founder and managing director of publicplan GmbH, Dr. Christian Knebel, who was already a shareholder of publicplan GmbH before the sale, will in future continue to hold a 20 percent stake in the company as part of the acquisition.
Dr. Christian Knebel, CEO of publicplan, commented: “Carlsquare has not only managed to negotiate an attractive purchase price in a competitive M&A process, but was also able to identify the right partner with whom publicplan can take the next growth step. This way I am not only a satisfied seller of some of my shares, but also a motivated shareholder in a company whose ambition is to decisively shape the digitalization of administration with open source software.”
Carlsquare acted as the exclusive sell-side advisor to publicplan.
