NORD Holding invests in powercloud-specialist CONUTI
CONUTI and EWERK form group of companies for regulated end customers
In the course of the CONUTI acquisition, NORD Holding is establishing a new group of companies together with its portfolio company EWERK. By grouping up, both companies are combining their expertise in IT services with focus on regulated end customers.
CONUTI GmbH, founded in 2010, operates as a partner for the implementation and the development of software solutions for business-critical processes in the energy sector. With currently more than 60 employees, CONUTI is a demanded specialist for IT consulting and development services for the powercloud ecosystem, an energy sector specific software solution. In addition to large energy suppliers, customers also include regional municipal utilities as well as other energy market-related players. CONUTI co-founder Daniel Heinemann will continue the growth path as a shareholder and CEO of the company together with its management team. Co-founder Markus Tegetmeyer will exit the company as part of this transaction.
Daniel Heinemann, CEO of CONUTI, explains: "We are looking forward to working with NORD Holding and EWERK. As part of the group, we will be able to accelerate our growth in a structured way. Thus, not only our customers, but also our employees will benefit significantly. On the one hand through experience exchange, the technical expertise, as well as the additional business opportunities."
Since the majority shareholding of NORD Holding, EWERK has been able to further grow its market position as a leading full-service IT provider for customers in the regulated environment, for example in the energy, healthcare, or the public sector. As members of the newly formed group, EWERK and CONUTI support each other through their respective strengths, resources, and technical capabilities. The group continues to pursue an ambitious organic as well as inorganic growth strategy.
The investment was carried out by the Software & IT Services team of NORD Holding and underlines the sector competence in IT services.
On part of NORD Holding, the transaction was executed by Andreas Bösenberg, Christoph Grunewald and Dominik Bronstering.
CONUTI is an innovative IT consulting company with several years of experience in the utilities sector. Since 2016, CONUTI has been working closely with powercloud on numerous implementation, migration, and development projects.
In doing so, the team of over 60 employees delivers end-to-end projects and is active as a full-service provider for all relevant topics related in the powercloud ecosystem. In addition to IT services, CONUTI’s offering also includes powerApps, such as tenant power, market partner sync as well as master data replication, which create added value in the direction of digitalization and are listed in the powerApp store.
For further information please visit: www.conuti.de
EWERK is a leading Full-Service IT Service provider focussing on regulated clients. Founded in 1994 EWERK now has more than 250 employees with its headquarter in Leipzig. Its service portfolio covers the entire technological life cycle from project consulting, software design & development to transition management, enterprise IT outsourcing and, operating own data centres and critical infrastructures. EWERK customers are European companies from energy, healthcare, mobility and public sectors with a special focus on regulated end customers.
For further information please visit: www.ewerk.com
With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany. The focus is on the business areas of direct investments and fund of funds investments.
The focus of the direct business is on the structuring and financing of corporate succession models, the acquisition of group divisions/subsidiaries and the expansion financing of medium-sized companies. In contrast to most other financial investors, which only manage funds with a limited term, NORD Holding acts as a so-called "evergreen fund" with no term restrictions and invests from its own balance sheet.
The company is currently involved in more than 15 companies in Germany and other German-speaking countries.The Fund Investments division targets the small-cap segment of the European private equity market and focuses on primary, secondary and co-investments. NORD Holding concentrates strongly on buyout managers newly established on the market, operational investment strategies and regularly acts as an anchor investor.