Deal Announcement 03/21: Automotive/Service Industries
PwC acted as exclusive financial advisor to the private shareholder on the sale of eck*cellent IT GmbH, an established IT service provider for software development, to GBU Gesellschaft für Beteiligungen an mittelständischen Unternehmen mbH, a German family office
The Deal
The PwC M&A team is pleased to announce the successful sale of eck*cellent IT GmbH (“eck*cellent IT”) to GBU Gesellschaft für Beteiligungen an mittelständischen Unternehmen mbH (“GBU”). eck*cellent IT is an established IT service provider for targeted, individual software development through various application areas and industries. The succession solution, which has already been initiated at management level, was now implemented at the shareholder level, ensuring long-term development of the Company Therefore a structured, international sale process which was led by PwC M&A has been executed. In the course of the investor process all shares of eck*cellent IT have been acquired by GBU.
The share purchase agreement was signed and closed in March 2021.
eck*cellent IT GmbH
eck*cellent is an established IT service provider for targeted, individual software development through various application areas and industries. Currently focusing on the development of Human-Machine Interface ("HMI") in the automotive sector. The Company develops modern and flexible solutions from Embedded Java for control units up to enterprise clusters. eck*cellent IT develops software solutions for various applications and industries in digitalization, industry 4.0 as well as artificial intelligence (AI) with 103 employees at the sites in Braunschweig and Dortmund.
PwC
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 280,000 people in 157 countries. Our global network comprises over 1,600 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.
PwC M&A Germany acted as exclusive financial advisor to the private shareholder on this transaction. The transaction was led by Martin Schwarzer (Partner) and Sven Heinemann (Director) and supported by Michael Patzak (Senior Manager), Christian Gieger (Manager) and Janik Möhlmann (Senior Associate).
