Contact:
Thomas Berscheid
Phone: +49 221 97 34 32 15
E-Mail: thomas.berscheid@timetoact-group.com
- Takeover
- AI
- Big Data
- JOIN(+)
- TIMETOACT GROUP
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Cologne/Villingen-Schwenningen (ptp029/11.12.2024/17:00) - The TIMETOACT GROUP, a leading provider of IT services for the upper mid-sized-market companies, corporations and public institutions, is acquiring JOIN(+), an experienced consulting firm in the field of Big Data & AI. The two managing directors of JOIN(+) will continue to manage the company after the transaction and will be responsible for its integration into the TIMETOACT GROUP.
The TIMETOACT GROUP, headquartered in Cologne, comprises specialised IT companies at 30 locations in Germany, Austria and Switzerland, as well as in Latvia, Malaysia, Singapore, Spain, Ukraine, Hungary and the USA. With over 1,350 employees and a comprehensive portfolio of software and consulting services, the digitisation expert primarily concentrates on medium-sized and large companies in the industrial, financial and service sectors, as well as public institutions.
With offices in Villingen-Schwenningen, Ittlingen and Konstanz, JOIN(+) GmbH is an established IT consulting service provider which has been operating for over 25 years. JOIN(+) acts as a technical consulting and implementation partner to support customers in a range of industries in the DACH region. The company specialises in business analytics, business intelligence, Big Data & AI, and data visualisation, and is able to draw on highly trained employees who work every day to fulfil the company's mission of focusing on quality, flexibility and trust.
The current managing directors of JOIN(+), Erich Anhut and Jürgen Lutz, will continue to manage JOIN(+) and integrate it into the TIMETOACT GROUP. In the decision-making process, agreement was quickly reached and common synergy and growth potential was identified, especially with TIMETOACT GROUP's own AI and Big Data expertise. The takeover of JOIN(+) is already the tenth successfully completed acquisition for TIMETOACT GROUP since the Equistone funds acquired a majority stake in the business in June 2021 and marks another important growth step for the group.
"We are becoming part of a strong brand by joining the TIMETOACT GROUP and will benefit from increased efficiency and performance, which will ultimately strengthen our position as a reliable partner in the IT industry. With an expanded portfolio, we are now even better positioned to meet the constantly changing needs of our customers and offer innovative, tailor-made solutions," commented Erich Anhut, Managing Director of JOIN(+).
"The merger also increases stability and planning security for our employees and allows us to offer new development perspectives and exchange opportunities with many international experts. With the TIMETOACT GROUP, we will be able to accelerate the growth we've had in the last few years and invest more specifically in the training of our employees in new technologies," adds Jürgen Lutz, Managing Director of JOIN(+).
"The acquisition of JOIN(+) is an important step in expanding our Data & AI portfolio. With Erich and Jürgen, we have also gained two highly motivated managers and are very pleased to be able to further develop the TIMETOACT GROUP together," says Frank Fuchs, Co-Managing Director of the TIMETOACT GROUP.
Felix Binsack, Co-Managing Director of TIMETOACT GROUP, adds: "Through the merger with JOIN(+), we are gaining a highly competent and dynamic team, who perfectly complement the TIMETOACT GROUP culturally. The acquisition supports our offering to our customers and gives us broad and cross-manufacturer consulting expertise in the key growth area of Data & AI."
Frank Fuchs, Christian Koch and Christian Reifenhäuser are responsible for the transaction on behalf of TIMETOACT GROUP. TIMETOACT GROUP was advised on the transaction by AC CHRISTES & PARTNER (Financial & Tax), de Angelis Rechtsanwälte (Legal) and McDermott Will & Emery Rechtsanwälte Steuerberater (Legal, Antitrust Law). The JOIN(+) shareholders were advised on the transaction by LFK PARTNER (Legal, Financial & Tax) and GROUP BUILDERS HAMBURG (M&A).
About TIMETOACT GROUP
TIMETOACT GROUP modernises and integrates IT applications for medium-sized companies and corporations in order to increase their agility, efficiency and transparency. The TIMETOACT GROUP also designs and implements digital business models for innovative customers and opens up new market opportunities for them. The services include: consulting, cloud transformation, data, software and system engineering in the field of employee experience, business applications and customer experience. TIMETOACT GROUP networks its own expertise with partners and leading manufacturers to develop tailor-made solutions for customers including software selection, consulting and licensing. The TIMETOACT GROUP includes the IT companies ARS, brainbits, catworkx, CLOUDPILOTS, IPG, novaCapta, PKS, synaigy, TIMETOACT, Walldorf Consulting and X-INTEGRATE. Together, they employ over 1,350 people at 30 locations in Germany, Austria and Switzerland, as well as in Latvia, Malaysia, Singapore, Spain, Ukraine, Hungary and the USA. Further information can be found at https://timetoact-group.com/
About JOIN(+)
JOIN(+) GmbH is an IT consulting company that has been active on the market for over 25 years with around 25 employees and its main headquarters in Konstanz on Lake Constance. JOIN(+) supports its customers in all industries in the DACH region in the area of Business Intelligence & AI. The company acts across all manufacturers as a technical consulting partner or implementation partner in the disciplines of data warehouse, big data, analytics and data visualisation. JOIN(+) can rely on highly trained employees who work daily to live up to the company's mission, the focus on quality, flexibility and trust in one another. https://www.joinplus.de
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