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Germany's itelligence Group Acquires SAP Consulting Firm Goldfish ICT.

M2 EQUITYBITES-June 2, 2017-Germany's itelligence Group Acquires SAP Consulting Firm Goldfish ICT


2 June 2017 - German SME sector-focused SAP consulting firm itelligence AG is growing in the Benelux region through the acquisition of Luxembourg-based process and IT consulting Goldfish ICT, the firm said.

Goldfish ICT, Utrecht, and itelligence Benelux Holding said that itelligence Benelux Holding will be acquiring the shares and Goldfish ICT will join the itelligence group.

Terms of the deal were not disclosed.

Both organisations say they will benefit from this transaction since itelligence is broadening its market position in the Benelux countries. In turn, Goldfish ICT will get access to the global extensive SAP expertise itelligence has to offer.

Goldfish ICT was founded in 2000 and has developed into a full-service provider, offering process and IT consulting based on SAP solutions as well as an extensive range of managed services.

Some 70 employees provide consulting services for national and international rollouts to renowned customers. Goldfish's consulting work focuses primarily on the food, agriculture, life sciences and chemical sectors.

itelligence Benelux Holding is part of the globally operating company itelligence AG and offers international solutions, services and support in the SAP environment.

The founder and partners of Goldfish ICT, Rene Caubo, Frans Nieuweboer and Marcel Pothof, as well as the Goldfish ICT management and employees will continue their careers at itelligence.

Goldfish ICT is a medium-sized consultancy firm operating out of Western Europe. Its services range from implementation and optimization projects to application management and hosting.

The company supports clients in the food and agriculture, life sciences, wholesale and professional services industries with successful track-record in both on-premise and cloud-based projects.

itelligence is one of the international full-service providers of solutions in support of SAP solutions, employing more than 5,800 highly qualified employees in 24 countries.

In 2016, itelligence generated total sales of EUR 777.9m.

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Publication:M2 EquityBites (EQB)
Date:Jun 2, 2017
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