Germany’s DATAGROUP is continuing its buy-and-build strategy, with the capture of SAP services specialist ISC Innovative Systems Consulting.
With the acquisition, DATAGROUP strengthens its expertise in the SAP area and gains further presence in southern Germany. ISC is the third acquisition in the current fiscal year.
ISC was founded in 1998, and most recently generated annual revenues of around €12.5m, with a “low double-digit EBIT margin”, said DATAGROUP.
Around 50 ISC employees at the Rosenheim and Montabaur sites provide SAP-related consulting and IT services for medium-sized companies. ISC specialises in S/4 HANA transformations, SAP implementation, value-added reselling of SAP licenses, and the development of individual cloud-based SAP solutions.
The founder and CEO of ISC, Peter Heinold, will remain on board after the takeover, and will share responsibility for the further development of the SAP business. The transaction is expected to be closed in the third quarter of the current fiscal year.
“ISC is a great addition and strengthens our position as one of the leading IT service providers in Germany. The ISC team of experts, with its extensive experience and expertise, complements and expands our range of high-quality SAP consulting and services very well,” said Andreas Baresel, CEO of DATAGROUP. “The broad customer base in southern Germany also offers interesting opportunities for cross-selling and upselling from our CORBOX full-service portfolio.”
This is DATAGROUP’s 34th takeover since its IPO in 2006, and, after conplus and iT TOTAL, is the third in the 2023/2024 financial year.
