IKB Deutsche Industriebank sells IT Specialist ikb Data to DATAGROUP
Frankfurt, 17 August 2017. IT service provider DATAGROUP (WKN A0JC8S) acquires Düsseldorf-based ikb Data GmbH, a specialist for IT outsourcing and data security. In the future, ikb Data is to bundle and advance DATAGROUP’s activities in the banking and financial industry as an internal centre of excellence.
ikb Data was founded in 2004 as a shared service centre of IKB Deutsche Industriebank AG and, as a subsidiary of the financial group, ensures its reliable and secure IT operations. Meanwhile, numerous customers from other industries benefit from the many years of experience in dealing with a bank’s sensitive data. ikb Data’s special expertise is documented by many relevant certificates, e.g. ISO 20000 and ISO 27001 as well as ISAE 3402. ikb Data has 73 employees and generated revenues of over EUR 27m in the last fiscal year 2016/2017 (01.04.2016 – 31.03.2017) at an EBITDA margin that was well in the double-digit range.
“The takeover is a milestone for DATAGROUP”, commented DATAGROUP CEO Max H.-H. Schaber. “We gain a strong and very successful subsidiary providing us with highly interesting industry know-how in the demanding financial sector and with attractive customer relationships. As part of DATAGROUP, ikb Data in turn benefits from our full-service offer and economies of scale, for instance due to the relocation of its data centres to the state-of-the-art DATAGROUP Data Center. What is more, services such as the Service Desk, which had to be bought from third parties so far, will be rendered internally by DATAGROUP. This will make ikb Data even more attractive for customers and stakeholders, whilst the depth of added value is enhanced within the company.”
ikb Data generates most of its revenue with multi-year service contracts. This guarantees high economic stability and very good predictability of income. With this acquisition, DATAGROUP further expands its share of recurring income in revenue. ikb Data supports customers in Germany and Europe from its company headquarters in Düsseldorf. In addition to financial group IKB AG as major customer, the clientele mainly comprises Mittelstand companies. Third-party business with customers outside the IKB group has seen strong growth, recently by over 25%.
With the sale of ikb Data, IKB Deutsche Industriebank AG continues its strategy to focus on the core business of supporting larger Mittelstand companies with loans, risk management, capital market and advisory services.
ikb Data will operate as independent subsidiary under the umbrella of DATAGROUP.
ACXIT Capital Partners acted as Exclusive Financial Advisor to IKB Deutsche Industriebank AG in this transaction.
DATAGROUP is one of Germany’s leading IT service providers. About 1,900 employees at locations throughout Germany design, implement and operate business applications and IT infrastructures. DATAGROUP is a full-service provider, serving over 600,000 global IT workstations for medium and large enterprises as well as for public-sector clients. (www.datagroup.de/en/)
ABOUT IKB Deutsche Industriebank
IKB Deutsche Industriebank AG supports medium-sized enterprises and private equity funds with loans, risk management, capital market services and advisory services. (www.ikb.de/en/)
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France and India. (www.acxit.com)
ACXIT Capital Holding GmbH
Bockenheimer Landstraße 24
60323 Frankfurt am Main
Dr. Hartmut Vennen
Senior Managing Director, Strategic Communications
Park Tower | Bockenheimer Anlage 44
60322 Frankfurt am Main
Phone: +49 69 92037 137
Mobile: +49 160 895 5858
Dr. Ingmar Ackermann, Managing Partner
Frank Noack, Managing Partner
Katharina Emde, Senior Associate
Christian Franke, Analyst
Oliver Sommer, Analyst