netgo Group acquires business software expert MEHRWERK
Hamburg/Borken/Karlsruhe — Only two weeks after the announcement of the takeover of the IT company ComNet, the next step follows at netgo. The Group acquires 100 percent of the shares in Mehrwerk AG, headquartered in Karlsruhe. MEHRWERK specializes in optimizing business processes with the help of agile enterprise software. The founders Ralf Feulner, Claus Litz and Clemens Schmidt will continue to manage MEHRWERK as managing directors and will in future hold a stake in the netgo Group via the management investment company. Second add-on for netgo Group since Waterland Private Equity joined the company.
Dr. Carsten Rahlfs (photo), Managing Partner at Waterlandcomments on the second addition within a short time: “For netgo, this transaction is the second company in a very short time after our entry as a growth investor. This shows: The buy-and-build strategy with companies whose service portfolio complements netgo’s is working. We will continue to grow with netgo.”
MEHRWERK was founded in 2008 as a vendor-independent IT service provider for agile and user-friendly add-on solutions for SAP users. Today, the fast-growing company with around 30 employees serves around 250 customers of all sizes from the industrial, retail and service sectors. As an IT general contractor, MEHRWERK advises on the basis of proven, user-friendly software in the optimization of business processes, for example in IT-supported supply chain management as well as on SAP Cloud and business analytics solutions (business intelligence and process mining based on the Qlik platform). This focus is paying off: The Karlsruhe-based company is an SAP Cloud Gold Partner and the leading solution provider in the DACH region for the Qlik data analysis platform. In addition to products from well-known manufacturers, MEHRWERK also offers solutions developed in-house: The MPM ProcessMining software, which is used by medium-sized companies as well as DAX corporations, enables the analysis of business processes.
The integration of MEHRWERK strengthens the netgo Group’s product and service portfolio. “We are very pleased to add MEHRWERK, a leading specialist for software-based business process optimization, to our group. In addition to solutions and products from well-known manufacturers, the process mining solution developed in-house in particular enjoys an excellent reputation and offers high added value. For us and our customers, MEHRWERK’s products are an ideal addition to our service portfolio. At the same time, MEHRWERK is able to further accelerate its own growth by bundling resources and leveraging netgo’s expertise,” explains netgo Managing Director Benedikt Kisner.
netgo was founded in 2007 by Benedikt Kisner and Patrick Kruse as an IT system house in Borken (North Rhine-Westphalia) and has grown at an above-average rate in recent years, both organically and through the successful acquisition of other IT houses. Just a few days ago, netgo announced that it had acquired the IT system house ComNet from Würselen (North Rhine-Westphalia).
The netgo group of companies, with around 370 employees at 18 locations, offers a broad range of consulting, products and services in the business areas of Hosting & Storage, IT Infrastructure, IT Security, Communication & Messaging, IoT & Analytics paired with customized customer solutions. Together with its customers, netgo develops individual IT strategies and can draw on many years of experience in all forms of IT operation — on-premise, private cloud and public cloud. Due to this broad range of services, netgo acts as a so-called one-stop store for its more than 3,000 customers throughout Germany. The portfolio of services is to be further expanded through targeted acquisitions.
Ralf Feulner, founder and CEO of MEHRWERK, summarizes the advantages for his company: “With the support of the netgo Group, we will in future be able to position ourselves even better in terms of content, organization and sales as part of our corporate strategy, and to serve our customers holistically, for example as part of managed services.”