Proact has Signed an Agreement to Acquire sepago in Germany and Accelerates its Public Cloud Capabilities
- Data Management
- 21.06.2022 11:05 am
Proact has signed an agreement to acquire the German IT consultancy company sepago GmbH to enhance Proact’s market presence and expertise in delivering public cloud transformation and IT consultancy capabilities to the large and medium-sized enterprise segment. The acquisition is expected to close in early July.
Acquisitions are an important part of Proact's growth strategy, with the purpose of broadening its services and expanding its hybrid cloud offerings. sepago will bring new cloud services and expertise to Proact, which is in line with the company’s strategy and previous acquisitions.
Through sepago’s over 85 employees, Proact strengthens its digital transformation services based on cloud-first technologies such as Microsoft Azure, Microsoft 365 and Citrix virtual desktops. sepago’s capabilities in IT security and transformation migration consultancy are additionally set to further boost Proact’s current offering.
Jonas Hasselberg, CEO and President of Proact IT Group AB, comments:
“It is with great pleasure that we welcome sepago’s employees into the Proact family. We share the same passion to enable our customers to drive business value through data. Like Proact, sepago has a great market reputation amongst both customers and vendors. Together we will have a broader geographical presence of market-leading hybrid cloud solutions, and sepago’s distinct consultancy approach will be an excellent complement to Proact’s strength within managed services and infrastructure.”
Paul Lütke Wissing, Managing Shareholder and co-founder of sepago GmbH, comments:
"sepago has more than 20 years of experience in IT consulting on topics such as data centre, public cloud transformation and IT security. We can leverage this, in combination with the portfolio and capabilities Proact brings to the table, to present an improved offering to customers. Together with Proact, we can use this enhanced offering to create more opportunities for our employees. For these reasons, Proact is the perfect fit for us."
Claus Friedrichs, Managing Shareholder and co-founder of sepago GmbH, comments:
"sepago is known as a skilled company and strong cultural brand in Germany. I am very pleased that we share the same cultural values as Proact. From our employees' point of view, we will be able to learn from each other’s expertise and offer even more exciting services and projects that will give us a unique position in the market."
The purchase price amounts to EUR 12 million in base price and an additional EUR 4 million earn-out, on a cash-free and debt-free basis, which corresponds to 5-6 times EBITA. The earn-out will be paid out over a period of 2.5 years subject to sepago reaching certain EBITA levels and operational KPIs. The transaction is expected to contribute to approximately EUR 15 million in increased annual revenues for Proact. sepago and its employees will be an important part of Proact’s German operations.