EWERK and NORD Holding enter partnership for further growth
NORD Holding is the new majority owner of EWERK, an IT Services provider. The founders and managing directors Hendrik Schubert and Dr. Erik Wende will remain in their current roles and retain a significant stake in the company. This provides the ideal basis for a continuation of the initiated growth trajectory as innovative solutions provider focussed on regulated clients.
“A high degree of process excellence, a culture of innovation and the founders’ entrepreneurial vision impressed us right away. We see massive potential in combining the industry expertise of Mr. Schubert and Dr. Wende with NORD’s experience in building platforms. We are delighted to support the EWERK team on its growth path.”, says Andreas Bösenberg, Managing Director of NORD Holding.
Hendrik Schubert, Managing Partner of EWERK: „Following the wish of our co-founder Frank Richter to sell his shares and exit the business, we are pleased to partner with long-term oriented and SME-experienced NORD Holding to support and accelerate our initiated growth strategy.”
Growth through scaling existing and new business areas as well as buy-and-build
EWERK is a leading IT Services provider with a solutions portfolio tailored to highly regulated clients. In 2018, EWERK embarked on a growth strategy consisting of organic as well as inorganic growth pillars. Strong sales growth, the establishment of the business segment Business Process Outsourcing (BPO) as well as the acquisition of EBCSoft, a provider of energy data management, CAFM and building automation solutions, are testament to the initiated growth strategy.
EWERK and NORD Holding plan to further accelerate the organic growth through targeted add-on acquisitions.
This transaction was executed by NORD Holding’s Software & Technology team, highlighting NORD’s sector expertise in IT Services.
On behalf of NORD Holding, this transaction was accompanied by Andreas Bösenberg, Moritz Merkert and Christoph Grunewald.
The transaction remains subject to approval by the German competition authorities.
Founded in 1994, headquartered in Leipzig with project offices in Berlin, Zurich, Wolfsburg and Bayreuth, EWERK has 200 employees. The solution portfolio covers the entire technological life cycle from project consulting, software design and development, transition management, enterprise IT outsourcing to operating own data centres as well as critical infrastructures. EWERK customers are European companies from the energy, healthcare, mobility and public sectors.
Further information can be found under: http://www.ewerk.com
Über NORD Holding
With more than 50 years of history and over € 2.0 billion Assets under Management, NORD Holding is one of the leading Private Equity Asset Managers in Germany with a focus on direct and fund investments.
The direct investment division of NORD Holding focuses on structuring and financing company successions, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage closed-end funds, NORD Holding acts as a so-called "evergreen fund", thereby investing from its own balance sheet with no maturity restrictions. Currently, NH has interests in more than 15 companies in the DACH region.
The fund investment division targets the small-cap segment of the European private equity market through primaries, secondaries and co-investments. NORD Holding has a strong focus on emerging buyout managers, hands-on investment strategies and regularly acts as an anchor investor. The division manages € 1.5 billion and ranks among the top decile fund investment groups in Europe.